Pony Ma, speaking at Tencent s annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming while competitors have delivered new hits. Video games account for more than 30% of Tencent s revenue.
Pony Ma, speaking at Tencent s annual meeting in a stadium in Shenzhen on Monday, said that the company has been resting on its laurels in gaming while competitors have delivered new hits. Video games account for more than 30% of Tencent s revenue.
Tencent Holding Ltd’s (OTC:TCEHY) CEO, Pony Ma, acknowledges the gaming industry’s significant challenges while highlighting progress in AI development. At Tencent’s annual meeting in Shenzhen, Ma admitted that the company had become complacent in its gaming sector, allowing competitors to release new, successful games. The company, along with peers like Alibaba Group Holding Limited (NYSE:BABA), noted a significant reduction in their external investments as the economy battled a slowdown, regul