Ma Huateng is the General Manager! Tencent Responds to Rumors of Entering Real Estate Business Scope | Development | Rumors
According to multiple media reports, Tencent Technology Co., Ltd. has recently undergone a business change. Its business scope includes the addition of real estate development and operation for licensed business projects, and non residential real estate leasing for general business projects. The legal representative, chairman, and general manager of the company are Ma Huateng.
In response, Tencent insiders told China News Finance that Tencent's application to supplement the business scope of real estate development and leasing is not for the general purpose of conducting real estate business, but to meet the business needs of the ongoing new park - Dachanwan project development process. The Dachanwan project is centered around Tencent's self use industrial park, and will also establish some public supporting facilities such as office properties, conference centers, and commercial facilities. The development and operation of these ancillary facilities involve external operations, so relevant qualifications need to be supplemented in accordance with regulations.