Tencent’s WeBank will partner the Macau Science and Technology Development Fund (MSTDF) on smart city projects covering government administration, infrastructure, public services and talent training. The partnership is expected to be launched in early 2017, according to a statement from MSTDF. The collaboration agreement will support the future development of Macau’s urban areas and highlight how science and technology can help improve people’s lives, while developing the regional economy. WeBank and MSTDF also plan to explore models of cooperation between the public and private sectors.
Tencent’s WeBank will partner the Macau Science and Technology Development Fund (MSTDF) on smart city projects covering government administration, infrastructure, public services and talent training. The bank and local government will work on fintech projects capitalising on local expertise in AI, big data, blockchain and cloud computing, in addition to other technologies. The collaboration agreement will support the future development of Macau’s urban areas and highlight how science and technology can help improve people’s lives, while developing the regional economy. WeBank and MSTDF also plan to explore models of cooperation between the public and private sectors.