Chinese tech and internet giant Tencent has shown investing in Bangladesh, according to Faiz Ahmed Taiyeb, the special assistant to the chief adviser on the Ministry of posts, Telecommunication and Information Technology, who shared this on Facebook on Monday night (April 28).
The Bangladeshi Government has assured Tencent of prompt policy support to facilitate their entry into the market.
Tencent, a Chinese multinational tech company based in Shenzhen, reached a market value of over $500 billion in 2018, making it the first Asian tech company to do so.By February 2022, it was China’s most valuable public company and the tenth most valuable globally.Founded in 1988, Tencent’s subsidiaries worldwide offer a wide range ifinternet service and product in areas like entertainment and AI. It is also one of the world’s highest-grossing multimedia companies.
Services of Tencent, Image: Collected.
Tencent offers a diverse range of services, including social media,music streaming, web portals, Online shopping, mobile and online multiplayer games, internet access, payment solutions, and smartphones.
Bangladesh’s growing economy and increasing internet access make it a promising market for gaming growth. Although, Formal research on the gaming market in Banfgladesh is limited, industry estimates suggest it’s worth around USD 50 million. Tencent entry could significantly boost this sector.
As a result, interest of Tencent’s in Bangladesh signals a potentially significant development for the country’s digital future, particularly in the gaming and broader technology sectors.
