Bloomberg Businessweek

Fierce Culture Drives Tencent’s Success

Founder Ma Huateng rewards internal competition | It’s “pretty cool when you win something, no matter how small”
China’s Blue Chips

Tencent Holdings’ ubiquitous WeChat emerged in 2011 after founder Ma Huateng encouraged employees to compete against one another to create a mobile messaging business. WeChat now has more than 805 million users who employ it for texting, playing games, paying bills, and buying money-market funds.

The blockbuster service helped turn Tencent into the biggest publicly traded company in China, with a market value of about HK$2 trillion ($258 billion). Ma

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