Tencent's (HKG:0700) cloud computing unit inaugurated its first Middle East Cloud Region in Saudi Arabia, according to a Sunday press statement.
The establishment of the cloud region will enable Saudi Arabia to enter Tencent Cloud's system spanning 50 availability zones in 21 regions, according to the internet giant.
Among the services Tencent Cloud will offer in the country include analytics, artificial intelligence, digital media capability, and superapp technologies, among others, Tencent said.
Shares fell 1% during Tuesday's morning trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.