Tencent works with Hong Kong’s science park to spur local fintech development

  • Tencent will nurture promising start-ups through its Finance Academy initiative

Visitors walk past the exhibition booth of Tencent Holdings during the 2018 Smart China Expo at the Chongqing International Expo Centre in the city of Chongqing in southwestern China. Photo: Simon Song

Chinese internet giant Tencent Holdings will share its technologies with start-ups in the Hong Kong Science and Technology Park (HKSTP) as part of efforts to promote the growth of financial technology in the city.

Tencent will apply its technological capabilities in artificial intelligence (AI), blockchain, data security, payment and cloud computing, to help tenants in HKSTP with their development and application of fintech. It will also boost innovations in AI, robotics, health tech and smart city, the two parties said as they signed a memorandum of understanding on Tuesday.

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