Chinese tech conglomerate Tencent Holdings is expanding its QR code payments, bus hailing and intelligent travel assistance, in an effort to grab a slice of China's burgeoning smart transportation market.
The Shenzhen-based company has ramped up efforts to promote the digitalization of China's public transport sector, and is working with local governments, bus and subway companies to promote its QR code payment.
As part of the push, Tencent has signed an agreement with Shenzhen Airlines to allow passengers to use QR codes for security checks and boarding planes. The partners will also carry out cooperation in big data, cloud computing and artificial intelligence.
Tencent is also piloting a bus hailing business in Zhengzhou, the capital of Henan province, and exploring the application of cloud computing and big data in analyzing real-time traffic data for smarter transport management.
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