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Friday, January 19, 2018
Google Signs Patent Agreement with Tencent

Google and Tencent on Friday signalled possible future collaboration on developing new technologies as the US and Chinese firms announced a long-term patent-sharing agreement.

The U.S. technology company has signed similar agreements before with Samsung Electronics, LG Electronics and Cisco Systems Inc, but the deal with Tencent is a first with a large Chinese tech firm.

Google has previously said that agreements such as these reduce the potential of litigation over patent infringement.

The agreement with the Chinese social media and gaming firm Tencent covers a broad range of products and paves the way for collaboration on technology in the future, Google said on Friday.

Tencent oversees China's top social media and payments app, WeChat, which has close to a billion users. It also oversees one of the country's most popular app stores and hosts the country's biggest gaming and livestream platforms.

While many of Google's services remain blocked in China, the U.S. company is rebuilding its presence in the world's second-largest economy by sharing its artificial intelligence software tools and ramping up investment through projects such as a new research base.

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