Tencent to create a financial and technological laboratory in Xiongan

Almaty. December 5. Silkroadnews - Tencent will create a financial and technological laboratory in Xiongan, China Daily reported.
“Tencent Holdings Ltd, Asia's most valuable firm, is planning to set up a financial technology lab and digitize public medical services in the Xiongan New Area, as part of a broader push to gain a foothold in China's latest economic zone,” the report said.
As noted, the technical giant has formed a strategic partnership with local authorities, promising to bring its cloud services, block chains and technologies for working with data sets in the public and private sectors.
Xiongan will serve as an “innovation experimental platform” for creation of the so-called “smart society” and can become a role model for digital modernization, Tencent chairman Pony Ma said.
“Digital economy will contribute to over 70 percent of China's gross domestic product growth this year. We will use technologies to spur new growth momentum and help empower industries from retail to manufacturing,” he is quoted saying.
According to the agreement, the company also teamed up with six local hospitals to adopt artificial intelligence in disease diagnosis.
“Tencent will focus on computer vision and image recognition for medical diagnosis, combining algorithm models such as deep learning with the massive trove of medical data to assist doctors in accurate diagnosis and treatment,” the report reads.