On July 30th, some relevant sources said that Tencent’s “First Line” said that Alibaba Co., Ltd. and China Tower Co., Ltd. are intensively discussing cooperation. The areas of cooperation between the two parties may be cloud computing, data intelligence, edge computing, and In areas such as networking. Under the new industry trend, the two sides may also explore new modes of new opportunities such as 5G, Internet of Vehicles, Autopilot, and New Energy.
According to the data, Alibaba's Taobao China has been a cornerstone investor and subscribed for approximately US$100 million (500 million shares) in the China Tower IPO.
The source said that Tencent's "First Line" said that Alibaba Group is a well-known global Internet company, and China Tower is the world's largest iron tower company. It operates a total of 1.9 million communication stations and has a multi-faceted tower site in China. Computer room resources, the potential for cooperation between the two sides is huge.
In response to this news, Ali said that he would not comment on Tencent's "First Line".