Google Company entered into a patent licensing deal with Tencent holdings
The Google Company has agreed to enter into a patent licensing deal with the Tencent holdings. This move seems to be an effort by the company to realize its expansion plan in China pertaining to the fact that many of the company’s products like the app store, search engine as well as the email services have already been blocked by the regulatory authorities. The US-based firm had signed a similar kind of deal before with the Samsung, LG and also Cisco systems. But this deal is the company’s first initiative to collaborate with a large Chinese tech giant.
This agreement of Google with the Chinese firm covers quite a broad range of products
The company has already cleared out that signing such type of the agreements can reduce the changes of litigation over the patent infringement. This agreement of the Google with the Chinese firm covers quite a broad range of products. It is also paving a way for the collaboration in the field of technology too.
With the series of agreements that Google signed it will be able to ramp up in some of the other areas in the country
Both the companies pledged to work together in the field of innovation and technology. When both the firms will work together on the agreements, then they will be able to focus on developing better products as well as the services for the users. The core search service of Google has already been blocked in China but with these agreements, it seems that Google will be able to ramp up in some of the other areas in the country.
Now the company is planning to expand its presence in Shenzhen too and it will also be investing in the Chushou streaming services too
In the month of December last year, the company announced the setting up of the AI lab in Beijing which is the first facility of the Google Company in China. Now the company is planning to expand its presence in Shenzhen too and it will also be investing in the Chushou streaming services too. The tie-up of Google Company with the Tencent is valued at a price of more than $ 500 billion. It is going to cover an extremely broad range of the products as well as the technologies.
This deal is also a kind of quite a meaningful global exercise by the Chinese tech giant.
Apart from that, this deal is also a kind of quite a meaningful global exercise by the Chinese tech giant. The Tencent Company also made a series of many big moves with its investments in the companies like the Snap, Tesla as well as the Spotify. The Google company made an announcement this month only that it has invested in the live stream gaming app Chushou of China which is similar to the You tube’s game live streaming solutions.