Tencent CEO shares concern over competitors’ success in Gaming

Pony Ma, Tencent Holdings’ CEO, recently reportedly shared his concern about the difficult road ahead for their video gaming division, while also highlighting progress in artificial intelligence (AI) development. Pony Ma revealed at Tencent’s annual gathering in Shenzhen that our beloved video game section is facing stiff competition.

Tencent’s CEO raises concerns about gaming business

Chinese media got a sneak peek at Ma’s speech online, and it appears that Ma is concerned about Tencent, the big cheese in gaming and the brains behind WeChat, maintaining its dominance amidst all this cutthroat competition and fancy new technology.

When asked for a comment, Tencent did not respond. However, Ma spilled the beans, admitting that, while gaming is their main source of income, they’ve been struggling. I guess the games they’ve been serving up lately haven’t been hitting the mark.

Tencent CEO concern Gaming
Image via Tencent

This is where things get spicy. While Tencent’s classics such as Honor of Kings and PUBG Mobile continue to be profitable, newer releases aren’t as successful. Meanwhile, competitors such as miHoYo and NetEase are hogging the spotlight with titles like Genshin Impact and Eggy Party. However, all is not lost! Ma revealed that Tencent is finally picking up the pace in the AI race. They may not be leading the pack, but at least they are not trailing behind

According to Ma, Tencent has big plans for AI, including using it to boost efficiency across multiple businesses. However, don’t expect AI to take over the world right away. Ma believes it will be a year or two before we see any major AI magic.

Tencent Ai
Image via Tencent

Oh, don’t forget about live-streaming e-commerce! Tencent has been eyeing ByteDance’s Douyin and hopes to turn WeChat into a live-streaming revenue generator. Ma is thinking about how to freshen up our old faithful WeChat, which turns 12 this year.

So there you have it, everyone! Tencent’s gaming empire may be facing some rough weather, but they aren’t backing down. With AI on the rise and plans to revamp WeChat, it looks like they’re gearing up for round two in the tech arena. Let’s see what surprises they have in store!

What are your thoughts on the news Tencent CEO shares concern over competitors’ success in Gaming? Let us know in the comments below!

For more Mobile Gaming news and updates, join our WhatsApp groupTelegram Group, or Discord server. Also, follow us on Google News, Instagram, and Twitter for quick updates

Leave a Comment