Ma Huateng Biography
Ma Huateng is a Chinese business entrepreneur and oligarch worth billions of dollars. He is the founder, chairman, and CEO of Tencent, one of Asia’s most valuable corporations, one of the world’s largest Internet and technology companies, as well as one of the world’s largest investment, gaming, and entertainment conglomerates.
How old is Ma Huateng? – Age
He was born in 50 years old as of 29 October 2021. He was born in 1971 in Chaoyang, Shantou, China.
Ma Huateng Family – Education
He is the son of Ma Chenshu and Huang Huiqing. Ma Chenshu, his father, acquired a position as a port manager in Shenzhen, and the young Ma went with him. In 1993, he graduated from Shenzhen University with a Bachelor of Science in computers and applied to engineering. Pony is Ma’s nickname, which comes from the English version of his surname Ma, which means “horse.” Ma is known for his reclusive lifestyle and rarely appears in the public.
Does Ma Huateng have Children? – Wife
He is married to Wang Dan-ting. The couple has a daughter named Ma Manlin.
Ma Huateng House
He is said to own property in Hong Kong as well as art worth $150 million. In Hong Kong, he has a rebuilt palatial mansion of 1,820 m2 (19,600 sq ft).
Ma Huateng Politics
Ma is a member of the 5th Shenzhen Municipal People’s Congress and the 12th National People’s Congress, according to the official Tencent website. At a tech conference in Singapore, I discussed censorship.
Ma Huateng Leadership Style
Ma’s management style shifted from transactional to transformational leadership. Tencent’s market hierarchy and teamwork innovation orientation cultures were shaped by these two leadership styles, respectively. The article concludes that leadership style impacts corporate culture and that the evolution of leadership style has an impact on corporate culture change. The conclusion of this article is beneficial to the firm and its leaders in terms of using leadership style to shape the culture, which corresponds to the stage of development and to promote the company’s long-term development.
Ma Huateng Net Worth
He has an estimated net worth of 38.7 billion.
Ma Huateng Career
After seeing a presentation for ICQ, the world’s first Internet instant messaging service, created in 1996 by an Israeli business, Huateng co-founded Tencent in 1998. Ma and his colleagues were inspired by the concept and developed a comparable program with a Chinese interface and a slightly different name – OICQ (or, Open ICQ). The software soon gained traction, with more than a million registered users by the end of 1999, making it one of China’s most popular online services. Ma upgraded the messaging platform by allowing QQ users to send messages to mobile phones as the pager market declined.
After purchasing ICQ in 1998, AOL initiated an arbitration against Tencent with the National Arbitration Forum in the United States, alleging that OICQ’s domain names OICQ.com and OICQ.net were infringing on ICQ’s trademark. Tencent lost the dispute, and the domain names had to be relinquished. Ma changed the software’s name to QQ in December 2000. (with “Q” and “QQ” used to stand for the word “cute”).
Following the AOL lawsuit, Ma wanted to broaden Tencent’s business portfolio. Tencent launched its own portal (QQ.com) in 2003 and entered the online games sector. Tencent had grown to become China’s top instant messaging service by 2004, prompting Ma to list the firm on the Hong Kong Stock Exchange. Ma quickly rose to the top of China’s telecom business after the company raised $200 million in its IPO in June.
Tencent developed an online gaming platform in 2004 and began selling virtual goods (weapons, gaming power) as well as emoticons and ringtones to support the games produced on that platform. Tencent developed Paipai.com, a direct competitor to e-commerce giant Alibaba, in 2005 at Ma’s request.
In 2010, Ma imitated Microsoft by forming two competitive engineering teams and assigning them the task of developing a new product. Two months later, one team presented WeChat, a text messaging and group chat software that was released in January 2011. WeChat is the world’s largest instant messaging application, with 48 percent of Internet users in the Asia-Pacific area using it in 2015.
Tencent also offers web portals, e-commerce, and multiplayer online gaming, among other things. Legend of Yulong and Legend of Xuanyuan, two online games, increased sales by more than half, to US$5.1 billion, with a profit margin of US$1.5 billion. Ma said in December 2015 that Tencent would open a “internet hospital” in Wuzhen to facilitate long-distance diagnosis and pharmaceutical delivery.