cloud business needs lots of infrastructure to host n provide services to clients. thats why lots of money going in the building up of cloud company. perhaps tencent is providing the tech while gp build up the company. 80mil 1st year 200mill the 2nd to 4 years 280mil. going in big to cloud gp says will spend money on network equipment, data centres etc
like the usa cloud providers, amazon, azure, google they have been building up their infra
Seems volatility gone from this counter. Got to wait for announcement of Cloud Partner. Looks like its a big venture and going to be core business. Announce that 60 to 100 million from PP will be used to acquire servers and IT infrastructure,
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samad
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Posted by samad > 2020-08-13 12:20 | Report Abuse
Masih clearing last few tickets...