(Yicai Global) May 7 -- A photo allegedly showing Tencent Holdings Ltd. founder Pony Ma responding via WeChat to an online essay criticizing the Chinese tech giant was not authentic, according to the company’s top public relations official.
Ma did not make the comment “criticism is very good” in response to the essay, Zhang Jun wrote on his Weibo account. It was fake, he added.
Titled ‘Tencent Has Lost Its Dream,’ the essay rebuked Shenzhen-based Tencent for losing its power to innovate and using investments to grow its business instead. It went viral on China’s popular WeChat messaging app along with a photo the author disseminated supposedly of billionaire Ma replying to his friends.
The company’s products, such as WeChat and instant-messaging software service QQ, are market leaders in China. Tencent has also pumped over USD66 billion into more than 350 companies since 2012, including ones in the vehicle and e-commerce sectors, according to business information service provider IT Juzi.
Tencent is a larger organization and ecosystem than the outside world imagines, and each part pursues its own dream, President Liu Zhiping said yesterday. It is blinkered to simplify it as merely representing the profit and loss on a product, a strategic position or the will of one person.
Editor: Ben Armour