This is obviously an enormous investment. However, I'm a little confused by the tone. Tencent's R&D budget is usually a couple of billion dollars. Their annual

This is obviously an enormous investment. However, I'm a little confused by the tone. Tencent's R&D budget is usually a couple of billion dollars. Their annual revenue is 10's of billions of dollars. $70Bil over 5 years doesn't seem crazy? This seems like they're going to keep spending a reasonable amount of money on improving their business through CapEx, R&D, and other normal expenditures. All that being said, I think more companies should focus on the tremendous improvements that can happen over years instead of months. A five year investment plan may allow them to achieve loftier goals. (I now move into controversial waters...) The CCP seems to be encouraging long term investment in a way that will probably be effective.