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Tencent is concerned about its position in the industry under current circumstances

Tencent is concerned about its position in the industry under current circumstances

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During Tencent’s annual meeting to review its financial results, Pony Ma, CEO and co-founder of the company, spoke about the video games division, which constitutes more than 30% of the giant company’s revenues, but it did not achieve the performance required of it during the year 2023. He described the challenges and competition that the company faced last year as great. .

Tencent is still the largest company in the industry in terms of revenue thanks to games like Honor of Kings and PUBG Mobile, but Ma pointed out that the company’s new releases did not achieve the performance required of them, and we will see how the company will deal with this performance and what its plans are moving forward.

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