Tencent’s efforts made on edtech may take time to take effect
Confronting the administrative clampdown on issuing new game titles, Tencent, the Chinese gaming giant is making efforts on diversifying its business interests, and education is one of the latest developments. Despite investment in two major online tutoring leading platforms, namely Yuanfudao and VIPKID, Tencent is powering the smart education lab by deploying artificial intelligence (AI) and cloud computing with support from its tech arm. However, its push in education may take some time to effect possible returns, hence several participants have withdrawn from the market after money-bumping wars. To read in details please click here.