Tech giants in push to deploy their cloud offerings overseas

Chinese tech giants are busy deploying their cloud offerings overseas - paving the way for the growing number of local companies expanding aggressively abroad and their projected demand for data storage and processing.

Among the latest round of developments was the opening last week of a European data center in Frankfurt by Tencent Cloud, the cloud computing arm of internet conglomerate Tencent Holdings Ltd.

The new center is the first of its kind on the continent for Tencent, a region more Chinese businesses are increasingly making forays into.