皇冠体育app

SHIJIAZHUANG - Pony Ma, founder of Tencent, said Thursday that the digital economy has become a major force in 皇冠体育app's economy.

Speaking at the 皇冠体育app International Digital Economy Summit 2017 in Shijiazhuang, capital of Hebei province, Ma said 皇冠体育app's digital transition will impact on global policy on digitalization in addition to the significance to the Chinese economy.

皇冠体育app's digital economy reached 22.6 trillion yuan ($3.4 trillion) in 2016, over 30 percent of the country's GDP.

The volume is expected to further expand in 2017, Ma said, adding the digital economy has become a core engine that drives 皇冠体育app's economic growth.

Ma said his company would set up a finance technology laboratory in Xiongan New Area, and help the area with big data support.

The share prices of internet giants Tencent, Alibaba and Baidu have risen to great extent. This year, Tencent's share price has more than doubled, with the total market value reaching HK$4 trillion.

Tencent's fiscal report released last week showed third-quarter revenue went up 61 percent year on year to 65 billion yuan. The company recorded strong growth in games, digital content, online advertising and payment related services.