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Tencent Targets RMB 20 Bln in Annual Open Platform Revenue Share

DoNews, 6/15/11

Pony Ma, chairman and CEO of Chinese internet giant Tencent (0700.HK), announced at the Tencent Partners Conference in Beijing today that Tencent aims for the company's open platform partners to eventually take in a combined RMB 20 bln in annual revenue, the same as Tencent currently generates.

In December 2010, Ma announced Tencent would change its strategy to focus on open platforms and sharing over the next six months.

Ma said the RMB 5 bln Tencent Industrial Capital fund, which has to date invested over RMB 2 bln, would soon double in size to reach RMB 10 bln.

Editor's Note: For more information on this topic, please see "Tencent Establishes RMB 5 Bln Investment Fund," MD 1/25/11 issue.

Keywords: Pony Ma Internet investment revenue strategy Tencent revenue share 0700.HK open platform Tencent Industrial Capital

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