Tencent Cloud is eager to tap Asia's growing demand for media services, offering up a product portfolio that includes newly launched "metaverse-in-a-box" to help businesses with their Web3 initiatives. The Chinese tech giant, however, remains coy on how generative artificial intelligence (AI) tools such as ChatGPT, will play a role in its overall vision.
For now, it is openly bullish about market opportunities in media services, which it believes will grow 19-fold in Asia-Pacific between 2016 and 2026. It is the region with the most video-on-demand subscribers, said Poshu Yeung, Tencent Cloud International's senior vice president, during a media briefing in Singapore.
Regional markets such as Singapore, Malaysia, Indonesia, and Thailand, will see significant growth opportunities in media services, driven by accelerated growth in Southeast Asia's data centre industry, Tencent said.
The cloud vendor last year launched its media services business, touting it as a one-stop audio and video offering that spanned video-on-demand, live streaming, real-time communication, and instant messaging services, amongst others. Of the 400 media services it offers, 150 are available outside of China.
Backed by a wider company ecosystem that has more than 20 years of experience in
online games and media development, Tencent Cloud is able to tap this knowledge pool in its media services delivery, Yeung said.