Google has announced that it's entering into a $500bn patent cross-licensing agreement with Chinese tech giant, Tencent. Mike Lee core search service remains blocked in China, this and other similar moves, such as its recent investment into streaming service Chushou, signify the U.S firm's continuing interest in building a presence in the Chinese market. Google's head of patents, Whilst Google's commented that Google was pleased to be entering into the Tencent partnership and said that it could serve as a model for tech companies looking to "focus on building better products and services for their users”.
Google has announced that it's entering into a $500bn patent cross-licensing agreement with Chinese tech giant, Tencent. Whilst Google's core search service remains blocked in China, this and other similar moves, such as its recent investment into streaming service Chushou, signify the U.S firm's continuing interest in building a presence in the Chinese market. Google's head of patents, Mike Lee commented that Google was pleased to be entering into the Tencent partnership and said that it could serve as a model for tech companies looking to "focus on building better products and services for their users”.