Tencent tests autonomous driving system: reports

Updated 2017-11-08 16:02:10 chinaplus.cri.cn

Chinese tech firm Tencent is reportedly testing its own autonomous driving system, looking to become the latest player to enter the booming sector, reports Bloomberg, which is citing people familiar with the matter.

The size of the autonomous driving market is soon expected to reach 42 billion US dollars. Tencent reportedly hopes to capitalize on its mapping and artificial intelligence (AI) technology.

The self-driving vehicle market in China has so far attracted investment from Alphabet's Waymo and Tencent's local rival Baidu.

Those close to Tencent say the company has begun testing the prototype for its self-driving system internally. However, the progress of the development is unknown.

If the reports are accurate, Tencent would become the biggest Chinese company to enter the autonomous driving market. In March, the tech giant bought a 5 percent stake of Tesla and is now Tesla's fourth-largest shareholder. Tencent is also a big investor of China's ride-sharing firm Didi Chuxing and mapmaker NavInfo.

Its domestic rival Baidu has invested billions of dollars on AI and self-driving research, with plans to get its self-driving vehicles on the roads sometime next year.

The autonomous driving field is considered a potentially lucrative sector which can also help Chinese manufacturers enhance their innovation ability and competitiveness globally.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 21 2018 00:41:54

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 21 2018 00:41:54

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 21 2018 00:41:54

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords