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TENCENT Stays the Right Course Without Encroaching on Others; No Plans for Massive Layoffs
TENCENT (00700.HK) Chairman and CEO Pony Ma said at the company's shareholder meeting that the group's foundational capabilities in AI are not outstanding in the early stag...
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TENCENT Stays the Right Course Without Encroaching on Others; No Plans for Massive Layoffs
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TENCENT (00700.HK)  +1.500 (+0.330%)    Short selling $1.56B; Ratio 12.851%   Chairman and CEO Pony Ma said at the company's shareholder meeting that the group's foundational capabilities in AI are not outstanding in the early stage. In recent years, however, it has been steadily addressing its shortcomings through talent development, team management and internal training, and is now gradually getting back on track for growth.

TENCENT may not be the fastest in the industry to seize opportunities, but it remains committed to taking the right path, leveraging its unique strengths to advance steadily, Ma reassured. It will not simply cross into others territory just because others are doing so, as the group had attempted to seize others markets in the past but largely failed.

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Regarding whether TENCENT is lagging behind in AI, Ma said they thought they had boarded the ship a year ago, only to find that the ship was leaking. Now they feel they have managed to get on board, though they are not yet fully settled. Ma said they still hope the ship can sail faster.

On whether TENCENT will conduct massive layoffs, President Martin Lau responded that there are definitely no such plans, noting that TENCENT operates differently from Silicon Valley companies.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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