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Pony Ma

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Pony Ma
Chairman and CEO of Tencent Inc.
Actual name: Ma Huateng (马化腾)
Birth Date: October 29, 1971 (age 43)
Birth place: Guangdong , China
Nationality:Chinese
Education: Shenzhen University
Net worth: US$19 billion (June 2015)---Third richest person in China/70th richest in the world

About Tencent Holdings Limited
Chinese name:腾讯控股有限公司
Tencent Holdings Limited is a Chinese investment holding company whose subsidiaries provide media, entertainment, internet and mobile phone value-added services, and operate online advertising services in China. It is one of the largest Internet companies in the world.It is founded by Pony Ma and his 4 friends with only $120,000 on 12 November 1998.It has 26,962 employees working in this company(Dec 2013). The net income in 2014 was around CN ¥ 78.932. The head quarter is located in Shenzhen, Guangdong, China.
The famous products of this company are QQ and Wechat, both are instant messaging applications.

Road to success
1993 Graduated from Shen Zhen University (Computer Science), Pony worked at various companies such as China Motion Telecom Development Ltd. and Shenzhen Runxun communications co Ltd. in the research and development department for internet paging systems and internet calling systems, respectively.
In 1998, Pony left RunXun communication co Ltd. and co-founded Tencent, Inc. along with his 4 friends.
At first , there was just Pony and one of his friend co-founded it, the other 3 joined them consequently (They are his schoolmate in both high school and university).First, they were about to write program for companies , but they failed to get the chance, because at that time, there were just 2 of them do it. Second, They planned to write a program and sell it to the companies. 1999,they launched a program called QQ (originally named OICQ),an internet messaging service. In order to capture a greater market share, Tencent began to offer the service as a free download and even talk with the users by creating a new user. It had over 5 million users joined the service in 1 year since its stability and nearly zero lagging problem comparing with the other internet messaging service. With an increase in user numbers but unable to cash in on its huge user base, Ma tried to sell OICQ, but no deal could be reached, so Pony ran outside every day and looked for capital investment with QQ version which has modified 6 times and 20 more pages of business proposal. In 2000,Pacific Century CyberWorks(PCCW)and IDG decided to invest in his business with $2.2 millionfor a 40% stake, which provided to be the kick start that Tencent needed.
To continue Ma's company's success, QQ users were offered more value-added services each year, such as QQ membership, ring tones, and other services for cellular telephones, as well as the ability to customize some products. Ma also signed deals to work with a number of internet technology companies around the world. By 2004, Tencent was the largest IM service in China. About 335 million Chinese, or 74 percent of the market, used Tencent's services. 16 June 2004, Tencent successfully listed in the Hong Kong stock exchange. Ma himself was worth $190 million in 2004. He was named a Global Business Influential by Time magazine as well as one of the top ten Economic Influentials in Innovation by Beijing, China's China Central Television.

Pony Ma’s Leardership style
While he contributed the majority of Tencent’s seed capital, Pony decided to reduce his share (now is around 9.87%). He believes that, by removing his monopoly on the company, he can create a more democratic environment. Pony seeks to encourage brainstorming and create a company culture where employees are not afraid to question the status quo.
Pony also takes an interest in employee welfare. On top of regular pay rises, Pony has actively worked with local government to help stabilize housing prices. In recognition of his efforts on their behalf, his employees have the nickname” Brother Pony”.
In Tencent, Pony is not only the CEO, he is also the product manager and principle user experience designer. Insists that every product of Tencent be tested by him before its release . He enjoys testing products from the perspective of an ordinary user and making suggestions with regards to the user interface, functionality and interaction design.
Criticism
It can be found that most of Tencent’s products are obviously copy from the others, and it leads to criticisms from the other China’s Business Man. For example, Jack Ma, the CEO of the Alibaba criticized that the biggest problem of Tencent Paipai.com is lack of innovation, it’s all are copied from the others.” Sina’s Wang Zhidong have also criticized that “Ma Huateng is the king of copying others, and he does so audaciously and blatantly,”

Honors
2004--- “CCTV China Business person of the year - the year award for cutting-edge” --- Time magazine and CNN “world's most influential business people” --- China , Hong Kong fourth session Bauhinia Cup Outstanding entrepreneur award
2006---young global leader (The Davos economic forum) ---“2006 China Top Ten IT financial figures” --- Chinese Entrepreneur “25 most influential force of business leaders” 2007---Time Magazine “Global 100 most influential people” 2008—“Asia’s Best CEO”
2009---“Decade business leaders” ---“China Top 25 most influential business leaders”, ranked 8th
2010---“2010 New Fortune 500 richest people” ---“China Top 25 most influential business leaders”, ranked 3rd
2011---“China Top 50 most influential business leaders” ,ranked 8th
2012--- donations Liefubusi 2012 " China Charity List "ranked 11 The Fortune “China Top 50 most influential business leaders”, ranked 5th
2013--- Donations Liefubusi 2013 " China Charity List "ranked 6 --- Hurun 's " 2013 China top ten innovative entrepreneurs," the second place --- Hurun " IT and Entertainment 2013 Hurun Rich List " first place --- the top " Barron's " list of the world's 30 best CEO ---Time Magazine “2014 top 100 most influential people”
2014--- Forbes 100 most influential people --- China Top 50 most influential business leaders, ranked 1st
2015--- China Top 50 most influential business leaders, ranked 2nd --- Innovative CEO of the Year

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