Tencent signals interest in Bangladesh market

Chinese internet giant Tencent has expressed interest in entering the Bangladeshi market, announced Faiz Ahmad Taiyeb, Special Assistant to the Chief Adviser, following an official meeting with Tencent representatives on Monday, April 28. 

In a Facebook post, Faiz wrote, “We held an official meeting with Tencent, and they have shown interest in investing in Bangladesh. We assured them of prompt policy support.”

Tencent, founded in 1998 and headquartered in Shenzhen, is a global leader in internet services, entertainment, AI, and technology. 

As one of the world’s highest-grossing multimedia companies and the largest in the video game industry by equity investments, Tencent’s potential entry marks a significant step for Bangladesh’s tech sector.

Faiz highlighted the broader trend of tech investments, noting, “US tech giant Starlink has already arrived, with the Chief Adviser approving their license. The journey of welcoming big tech companies to Bangladesh has officially begun under CA Yunus’s leadership.” 

He also revealed that OSIRIS Group, a private equity firm focusing on logistics, IT, and e-commerce in Asia, is entering the Bangladeshi market.

Additionally, Faiz mentioned that Bangladeshi data and cloud company Jatra is developing hyperscaler cloud and data centres at Kaliakair Hi-Tech Park. This world-class, secure cloud infrastructure aims to host payloads from global tech giants like Meta and Google, further positioning Bangladesh as an emerging tech hub.