PARIS: Publicis Groupe has announced a global strategic partnership with Tencent, the Chinese internet giant.
The agreement is intended to breed innovations across three pillars: future capabilities, data, and content. It will work across all three solutions hubs of Publicis Groupe: Publicis Media, Publicis Communications, and Publicis.Sapient.
The two companies will partner on creation and investment in web-native content, share data, and launch Drugstore incubation facilities to invest in and develop startups of the future.
The partnership, announced during the Viva Technology conference in Paris on Friday, was signed by Publicis Groupe chief executive, Maurice Lévy, and senior EVP of Tencent, SY Lau. The pair marked the event with the scanning of a WeChat QR code.
"China continues to lead the world in advertising growth especially in digital and mobile and we increasingly see new ideas and technology that leapfrog the West," Levy said. "Tencent is a company that embodies this strive for growth and innovation and we are honored to be their first-ever global partner and look forward to everything we will achieve together for the ultimate benefit of our clients."
This article first appeared on campaignlive.co.uk.