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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.
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 as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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