KUALA LUMPUR, July 30 (Reuters) - Malaysia has secured 2.97 billion ringgit ($702 million) in confirmed investments from leading Chinese technology companies, the digital ministry said on Wednesday.
The investing firms include Baidu, Tsing Digital, iSoftStone, Inspur Group, China Mobile International, and China Unicom, the ministry said in a statement.
The funds will be used to develop artificial intelligence capabilities and next-generation digital infrastructure, and will create 6,800 high-value digital jobs, the ministry said.
($1 = 4.2330 ringgit)
(Reporting by Danial Azhar; Editing by John Mair)
((danial.azhar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.