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In Depth: As Tencent Lays Off Staff, Is Its ‘Winter’ Approaching?

By Manyun Zou, Guan Cong, Du Zhihang, Zhang Erchi, Qu Yunxu
2022年04月01日 17:31
President warns the company faces ‘fundamental changes and challenges’ as the tech titan grapples with rising rival ByteDance and the tech crackdown
Tencent headquarters in Shenzhen, Guangdong province. Photo: VCG

Tencent — the operator of China’s unassailable WeChat super-app, the world’s largest video game publisher and one of Asia’s most valuable companies — is firing staff.

At the tech conglomerate’s latest earnings call on March 23, President Martin Lau admitted the industry faces “fundamental changes and challenges” after years of “frothy and unhealthy” growth.

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