Tencent chief says gaming business under threat, catching up in AI
PONY Ma, chief executive and co-founder of Tencent Holdings, has said that the company’s video games business faces great challenges from competitors but is catching up in artificial intelligence (AI) development.
Ma, speaking at Tencent’s annual meeting in a stadium in Shenzhen on Monday (Jan 29), 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 per cent of Tencent’s revenue.
Chinese media outlet Jiemian published parts of Ma’s speech online. A source with direct knowledge of the matter, who declined to be named because they are not permitted to speak to the media, confirmed the contents. ...
“WeChat is our most robust platform regarding daily user amount and its ecosystem. But it is 12 years of age… Now how we can find new sprouts from the old tree that is WeChat is the big question for us,” Ma said.
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