From last year's "laying on the merits" to this year's "very hard-working," Ma Huateng visibly breathed a sigh of relief during the Tencent Music (00700.HK) group's annual meeting. Behind this is the improvement in Tencent Music's performance, as well as the "new shoots" emerging from multiple longstanding businesses such as WeChat and gaming.
Times Financial learned that on January 13, Tencent Music held its 2024 employee conference. Tencent Music's co-founder and CEO, Ma Huateng, took the stage publicly and delivered a brief speech, sharing his summary of the company's 2024 business and his thoughts on future strategic management.
Ma Huateng, who has always been low-key, rarely appears at industry events or public occasions. Throughout 2024, apart from being reported by CCTV News for participating in the National Federation of Industry and Commerce Consultative Committee and providing opinions and suggestions in People's Daily on "Promoting the Healthy and Sustainable Development of the Digital Economy," this Internet giant has remained almost completely out of the spotlight.
At the 2023 annual meeting, Ma Huateng mentioned that he had returned to the essence of I humanity in the past few years, focusing on internal management and products.
Therefore, the annual Tencent employee conference has become one of the few windows to glimpse Ma Huateng's judgment and thoughts on the future development trends of Tencent's various businesses and industries.
Tencent this year: multiple businesses "emerging"
Compared with the harsh criticism of the gaming business as "lying on the laurels" a year ago, as well as the rigorous comments on the PCG (Platform and Content Business Group) being "particularly difficult" and the CSIG (Cloud and Smart Industry Business Group) must "come ashore and emerge" quickly, Ma...