Tencent remains a rather controversial part of the video games industry, with the company appearing seemingly out of nowhere a couple years ago to swoop up a whole host of studios while investing in others. Despite the heavy investment, Tencent’s CEO recently revealed that he feels as though the company “achieved nothing” in 2023. As …
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
The founder also warns staff to focus on ‘safety, not speed’ when venturing into new fintech services like loans and insurance, according to Chinese media reports and people familiar with the situation.