Ryde Group, Tencent Cloud Partner to Enhance In-App Communications, Drive Super-App Ambitions

Ryde Group Ltd. (NYSE:RYDE) is one of the best new tech stocks with huge upside potential. On June 20, Ryde Group announced a partnership with Tencent Cloud, which is the cloud division of Tencent Holding Ltd. (OTC:TCEHY), to enhance Ryde’s in-app communications in Southeast Asia by integrating Tencent’s Real-Time Communication/TRTC technology and WeChat Mini Program.

The move is expected to reduce operational costs, improve scalability, and strengthen user data privacy. TRTC is known for its ultra-low latency performance and carrier-grade stability, and is already powering major platforms such as PUBG, QQ, and Weixin.

Ryde Group, Tencent Cloud Partner to Enhance In-App Communications, Drive Super-App Ambitions

A fleet of buses and vans providing cost-efficient transportation services.

The final goal for Ryde is to become a super-app for Southeast Asia. Ryde plans to use these new tools to expand its services beyond ride-hailing into deliveries, digital payments, and sustainability-focused mobility.

Ryde Group Ltd. (NYSE:RYDE) provides mobility and quick commerce solutions in Singapore.

Tencent Holding Ltd. (OTC:TCEHY) is an investment holding company that provides value-added services, marketing services, fintech, and business services in Mainland China and internationally.

While we acknowledge the potential of RYDE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RYDE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.