Zhang set up an autonomous unit in Guangzhou, away from the Shenzhen headquarters. On February 4, 2004, Mark Zuckerberg, a Harvard student, launched the facebook.com, a directory in which fellow students entered their information and photos into a template. Spain. They grouped the remaining attributes into two enactments and five roles that would help the analysis in case that this one is the chosen leadership framework [17]. He Defines Failure as Giving Up: This is one of his popular leadership quality and skill that defines him a successful leader. The other most plausible alternative option, direct interviews or direct surveys, would not have been doable, given the challenge of obtaining response from a large number of highly profiled business leaders. Tencent, which owns a stake in U.S. videogame company Epic Games, is one of the largest videogame publishers in the world. Updates? In essence, Googles business model has been labeled as continuous disruptive innovation [51] or continuous innovation [50]. Miliao could only release one version per month, he noted. Ma believes this will bring him success and it will inspire people around him to work hard for achieving the goal. You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people [59]. Ma led research and development of Internet paging system development at China Motion Telecom Development before starting Tencent in 1998. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Bachelor of Arts/Science, Shenzhen University. North America, Western Europe and Eastern Asia, (2) the chosen corporations should be at the highest possible position in the rank of global top 100 companies as per market value [29], and (2) those firms should have become industry leaders in (a) a relatively short period of timeless than 20years, and (b) after leveraging some competitive advantage based on discontinuous innovation. Tencent started based on a revolutionary innovation, Internet-based QQ service. Ma Huateng, (born October 29, 1971, Chaoyang, Guangdong province, China), Chinese business executive who was cofounder and CEO (1998- ) of Tencent Holdings Ltd., one of the world's largest Internet companies. Ortega eats lunch with his employees in the company cafeteria. Visionary leadership is comparable to Lewin's authoritative leadership style. Huateng is the chairman, founder, and CEO of Asia's most valuable company and also one of the largest internets and technology companies across the globe Tencent. Googles beginnings were less humble than those of earlier Silicon Valley startups at the time, because the two founders were able to initially raise US$1 million US dollars [49]. Nine was the maximum number of samples in the list that allowed to keep a reasonable geographical balance across several geographic realms without mixing firms that were not really comparable in terms of size or level of achievements. My job is to create a space for them, to clear out the rest of the organization and keep it at bay [46]. Evolution at Tencent means the capability to improve, self-correct and stay focused. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. According to Weber, charisma is defined as a set of qualities in a person that allows him or her to be set apart from ordinary people and treated as endowed with supernatural, superhuman, or at least specifically exceptional powers or qualities regarded as of divine origin or as exemplary, and on the basis of them the individual concerned is treated as a leader [8]. While its Western peers face further scrutiny on privacy, Tencent is less restricted. We have added your email address to our mailing list and we hope you enjoy our thought leadership. Ma himself was hailed by Time magazine in 2014 as one of the world's most influential people. As a world, were doing a better job of that. [12][13][14][15][16][17][18], As of January 2023, he has a net worth of US$43 billion according to Bloomberg Billionaires Index. His father, Ma Chenshu, moved to Shenzhen to work as a port manager when Huateng was quite young. Birth Details October 29, 1971 | Chaoyang, China. Based on the contingency leadership theory,this paper analyzes the leadership style of Ma Huateng and examines the impact of his leadership style evolution on Tencent culture.Ma's leadership style changed from transactional leadership to transformational leadership.These two leadership styles shaped Tencent's markethierarchy orientation culture The success of Inditexand H&M, its main competitoris ultimately based on a revolutionary innovation called fast fashion [77]. Mainland Chinese are among the ultra-rich seeking shelter in Singapore amid market volatility and heightened geopolitical, economic risks. Ma Huateng is a business tycoon, an entrepreneur, an engineer, a philanthropist, and an investor. In 2010, Ma imitated Microsoft by forming two competitive engineering teams and assigning them the task of developing a new product. He didnt have grand ambitions to build a great enterprise. Microsofts initial success was based on one disruptive innovationpersonal computers and related software [66]. . Since then, GE has been in the lists of top ranked companies in the USA [61]. 4 On China's 100 Richest 2021, Tencent CEO Ma Huateng Is Back On Top As Chinas Richest Person, Tencents Ma Huateng Overtakes Jack Ma As Chinas Richest Again Amid Coronavirus Lockdowns, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Finally, Ortega saw an opportunity of appealing to a much broader audience by selling garment at extremely competitive prices. In November 2017, his net worth briefly surpassed that of Larry Page and Sergey Brin (individually) ranking him the ninth richest man in the world, and the first citizen from China to enter Forbes' top 10 richest list,[20][21][22][23] though the net worth of Page and of Brin have each since eclipsed that of Ma. The 46-year-old magnate shies away from the spotlight, preferring to lead rather decisively from the shadows. The internet sector in China is politically policed, but it is also lightly regulated. Education Graduate, Computer Science, Shenzhen University. A self-confessed geek who trained in computer science, he knew about the tech people wanted to use. Please note that by subscribing now you may from time to time receive other emails from LBS about events or other activities that we think might interest you. [24][25], Ma was born in Chaoyang, Shantou, Guangdong. Pony Ma Huateng (second left), chairman of Tencent Holdings Ltd, answers questions at a news conference on the sidelines of the two sessions. Open Access is an initiative that aims to make scientific research freely available to all. [26] The product quickly became popular and garnered more than a million registered users by the end of 1999, making it one of the largest such services in China. In 2007, Alibaba.com raised US$1.7 billion dollars in its initial public offering (IPO) in Hong Kong [91]. Email: He then worked in research and development for China Motion Telecom Development Ltd. before founding (1998) Tencent with several friends. An interesting quote in terms of leadership styleas a paradigm of invention versus innovation in practiceis this one: In America, when you bring an idea to market, you usually have several months before competition pops up, allowing you to capture significant market share. Tencent launched its own portal (QQ.com) in 2003 and entered the online games sector. Tencent's popular social messaging app WeChat has more than 1 billion users. As of 2015[update], WeChat (, Weixin), is the largest instant messaging platform in the world, used by 48 percent of Internet users in the Asia-Pacific region. [43] He owns a redeveloped palatial residence of 1,820m2 (19,600sqft) in Hong Kong.[43]. How? Ideas are not important in China execution is [95]. In 2010 mobile use was skyrocketing: the surge was a new opportunity to exploit. "We knew our product had a future, but at that time we just couldn't afford it," Ma remembered. What about Tencent 3.0? Omissions? Put the behemoth side-by-side with the likes of Facebook and Google and critics would argue that its an unfair comparison. And how do we power our organization to really focus on that and really drive it at a high rate? [59]. Tencent, which owns a stake in. "[41], Ma uses the nickname Pony, derived from the English translation of his family name Ma (), which means "horse. The evidences all seem to point to a conclusion that Jack Ma is an effective leader who has a seemingly well-developed emotional intelligence and flexible leadership style. Let us know if you have suggestions to improve this article (requires login). Alibaba and Tencent have repeatedly clashed over the same turf. One is Alibaba founder Jack Ma, who is fairly well known in the States, and the other is Ma Huateng, . Alibabas growth was fast. All Rights Reserved. Charismatic leaders emerge in times of instability, change, or crises, but many critics argue that charismatic leaders tend to forget the groups benefit and try to gain most of the attention for themselves. Since that time, the principle of lean manufacturing has been adopted by many firms and industries [84, 86, 87]. At an internal leadership conference, its creator, Xiaolong Zhang, put the products success down to simplicity and agility. They usually miss the future. We hope you enjoy our thought leadership. This type of leadership is best used when there is a big change in the company or a clear direction is needed. Tencent embraced mobile and moved with the times. You need resilience to keep you on the ball. Based on this history, there is no doubt that Taiichi Ohno was a visionary, an innovator, and a pioneer [18]. Jack Mas decline in net worth to $20.6 billion follows his retreat from the internet business empire he cofounded. Ma has an ABC AI, big data and cloud expansion strategy. Part of WeChats early success was its likeness to WhatsApp and Kik, designed for the smartphone. [8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. Ma himself was hailed by Time magazine in 2014 as one of the world's most influential people. Leadership style and approach Ma Huateng pursues the leadership styles which aids in running his company in a successful way. The list includes personal computers, music distribution, tablet computing, mobile phones and digital publishing. Tencent has 85,858 employees, of which 46 are in a leadership position. Following the AOL lawsuit, Ma wanted to broaden Tencents business portfolio. 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. Net Worth $67.5 billion (As of March 01, 2021) Ma Huateng's Assets: Tencent Holdings. Away from Chinas rewalled internet garden, you can live quite happily on a diet of other digital services. Under Ma's leadership, Tencent has moved into web portals, social networks, multi-player online games and e-commerce, making the company today an Internet powerhouse and China's number one brand. Small rms that have grown rapidly, such as Tencent, have an advantage: theyre born agile. Here's a countdown of the 20 richest people on the planet by net worth as of spring 2022, as well as a look at who was bounced from Forbes' 2021 list. Under Ma's leadership, Tencent has moved into web portals, social networks, multi-player games and e-commerce, making the company today an Internet powerhouse and China's number one brand. The idea was a watershed moment for Chinas mobile market, bringing more than eight million users to Tencents WeChat Payment platform in the rst eight days after the New Year. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Value added services - RMB 65 billion, a 35% year-on-year . However, he definitively qualifies as a visionary leader. Tencents people are in search of excellence. He is the founder, chairman, and CEO of Tencent, one of Asias most valuable corporations, one of the worlds largest Internet and technology companies, as well as one of the worlds largest investment, gaming, and entertainment conglomerates. [Google . With a click on a red envelope icon, gifts of money could be sent to friends and family. Ma Huateng. Ortega also is, as most of the previously analyzed leaders, an introvert. On being an inspirator: We look for people who are passionate about something. VR, AI you name it, Ma is buying stakes in it. With this high score, he would have been able to attend Tsinghua University in Beijing, or Fudan University in Shanghai. 2004, 29, 222-240. In terms of actively supporting internal growth: When you go out into the workplace, you should be looking for things that you can do for your people there. It is true that leadership is one of the 4 functions of management but that does not mean that all managers are effective leaders. February 22, 2019. QQ and Facebook reigned supreme in the PC era and were modied to suit mobile. Manag. They were inspired by his ideas behaviour and way of managing his f business. The Chinese government overly supported Tencent as a edgling rm, it benets from Beijings block on Facebook, Twitter and Google, and, in return for help, captures ever more data, they would claim. He didnt want to lead, he said. Dear colleague, dear friend: these are the words that, both, Ortega and Steve Jobs, used in letters addressed to employees [81]. Northouse explained, "Transformational Teams also have freedom to compete. The new system made Toyota the car industry leader. In 2017, Fortune ranked him as among the top businessmen of the year. Huateng is clearly a pioneer and innovator. ", https://en.wikipedia.org/w/index.php?title=Ma_Huateng&oldid=1135733922, Delegates to the 12th National People's Congress, Delegates to the 13th National People's Congress, Short description is different from Wikidata, Articles containing Chinese-language text, Articles containing simplified Chinese-language text, Articles containing potentially dated statements from 2015, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 January 2023, at 14:49. Ma gave Zhang permission to go ahead despite other teams, including QQ, plugging away on similar products. Ma Huateng (Chinese: ; pinyin: M Hutng, born on October 29, 1971), also known as Pony Ma,[2] is a Chinese billionaire business magnate. Alternatively, Call of Duty or Candy Crush might be the vehicle that realises the global ambitions. He reportedly owns property in Hong Kong and art pieces worth US$150 million. That's why the need for online management is increasingly urgent. They dont have to unlearn bad habits. Pony Ma, the low-profile founder of tech giant Tencent Holdings, created a social media stir over the weekend by reposting an article on China's economy, an unusual breaking of silence by a . 5. Leadership style refers to the way the leaders represent their ways of running an organization. He is the founder, chairman and chief executive officer of Tencent, Asia's most valuable company, one of the largest Internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world. If your idea of a good time is a euphoric party, now is the time for Dominica. Leader influence on followers Jack Ma was a charismatic leader that influences his follows; they used to find his a credible source of information so they trust every word he says. In order to choose the specific companies or cases, disruptively successful firms, the following three criteria were applied: (1) the pool of chosen companies should be located in, at least, three different geographical realms i.e. Younger employees understand what people want. 19. Everything started in 1995, during a trip to the USA, when Jack Ma learned for the first time about website portals and Internet. Ma Huateng is renowned for his reclusive lifestyle and seldom appears in public. The interesting question is whether it needs to go global. Mas visionary leadership is as uniquely prolific as that of Edison and Jobs. Ma asks people to try bravely, without hesitation, which is how WeChat came about. The concept of transformational leadership was introduced by James MacGregor Burns in his book Leadership [4] and then further developed in Transforming Leadership: A New Pursuit of Happiness [5]. Always work hard on something uncomfortably exciting! [59]. He is said to own property in Hong Kong as well as art worth $150 million. Eventually, during the last two decades, this model helped Google to be involved in a relevant number of discontinuous innovations, including Android, YouTube, Google Books, and Google Maps, and some continuous ones, such as Chrome or Gmail [54, 55]. [5], Speaking of censorship at a tech conference in Singapore, Ma was quoted as saying "In terms of information security management, online companies from any country must abide by a defined set of criteria, and act responsibly. He was born in 50 years old as of 29 October 2021. The couple has a daughter named Ma Manlin. It can be observed that, in 89% of the cases, the leaders either outperform their already outperforming firms, in terms of value rankingsBill Gates, Mark Zuckerberg, Amancio Ortega or enjoy even more prestige and recognition than the companies that they started up. Ma Huateng is also the youngest amongst the first 15 multi-billionaires in the world. So, its big. The World's 10 Most Powerful Executives This year's Forbes list (May 10, 2018) of the World Most Powerful included 75 namesone for every 100 million people on earth. Ma Huateng is a business magnate, an entrepreneur, an engineer, a philanthropist, and an investor. the case of Alex Gorsky, the CEO of Johnson & Johnson and past CEO of IBM, under whose leadership the corporate net prot rose by 18% in 2014 on the basis of a 4.2% increase in sales [ 60 During the 2014 Chinese Lunar New Year celebrations, Tencent built on the ancient custom of giving red envelopes lled with money to boost trac on WeChats mobile payments platform. Ma Huateng is the originator, CEO, and Chairman of Tencent Holdings Ltd. We believe, and then we see. Its hedging its future bets. IntechOpen Limited Inditex ranked 67 in the global top 100 as per market capitalization [29]. 2 on China's 100 Richest last yearsaw his net worth tumble to $49.1 billion this year, as Beijing tightened rules on the countrys internet companies. [Google Scholar] Vera, D.; Crossan, M. Strategic leadership and organizational learning. [5], Being one of "Fortune world's greatest leaders",[11] Ma is known for his low profile personality as compared to fellow Chinese businessman and Alibaba founder Jack Ma's outgoing personality. Resilience Zhang regaled the audience with the tale of how, one night during the launch, he needed an urgent product change. By 1889, he had full ownership or participation in many electricity-related companies that got then merged. Creating back doors was a ring oence. 2.2.2. Alibabas business model bets a revolutionary innovation: Mas belief that the small-business-to-small-business online market offered much greater opportunity than the consumer-to-consumer one, the reason being that, unlike consumers, small businesses are willing to pay a membership fee [91]. Ma became interested in the English language as a young boy, and during his teens he worked as . As the biggest gaming company in the world, Tencent certainly has global reach, even if people dont yet know it. [39] However Forbes has not decreased his net worth as the shares are still listed under his name. Based on the streamlined approach to replenishment, Ohno devised the Toyota Production System, which is more broadly known as lean manufacturing or Just-In-Time (JIT) inventory system. He is the co-founder and chief executive officer of Tencent Holdings, a Chinese technology conglomerate and holding company that is best known for its instant messaging app WeChat and also for mobile gaming. Tencent is the collective answer to Facebook, Apple Pay, gaming, WhatsApp, Spotify and Amazon. The companys 2017 annual revenues stood at almost 238 billion renminbi. Ma is China's richest man, with a net . So Ma created Seven principles agility, openness, user rst, speed, resilience, evolution and innovation to guide product creation. Ma Huateng Leadership Style Ma's management style shifted from transactional to transformational leadership. Ma Huateng is the Chinese Billionaire Co-Founder, CEO, and Chairman of Tencent, one of Asia's largest technology companies. Employees share insights, software and entire bodies of code from other parts of the business. I try to focus on that: What is the future really going to be? In that trip, he visited one of the supermarkets of the Piggly Wiggly chain [84, 85]. Eventually, it is interesting to notice that many other leaders analyzed in this study also are, apparently, introvert, e.g. An article in The Economist describes how Ortega works: He has never had his own office, desk or desktop computer, preferring to direct his firm while standing with colleagues in a design room of Zara Woman, the flagship line. Founders were two students of Stanford University, Sergey Brin, and Larry Page [48]. Take the use of ID cards in China. Among other achievements, Mark Zuckerberg reached the top five in the list of wealthiest people on earth [33]. Dev. Japan, Alibaba Group Holding Limited; Jack Ma. Evolution They called the new search engine Googlea name derived from a misspelling of the word googol [48]. Home prices slumped for a third-straight month in September; Twitter quietly stopped enforcing its Covid-19 misinformation policy; meet the youngest honorees on Forbes 30 Under 30 2023 list; and more. Yet few, in the West at least, have heard of it. Again, Zuckerberg is as charismatic as Jobs or Edison [39, 45, 71, 72]. Tencent is among the largest video game, social media, venture capital, and investment corporations in the world [93]. [40], According to the official Tencent website, Ma is a deputy to the 5th Shenzhen Municipal People's Congress and served in the 12th National People's Congress. Still, Tencent has surged ahead and left national rivals like Baidu behind. That trip, he definitively qualifies as a visionary leader global top 100 as per market capitalization [ 29.. Appealing to a much broader audience by selling garment at extremely competitive prices appealing to a much audience... Try to focus on that and really drive it at a high rate Huateng pursues the leadership styles aids... Cloud expansion strategy seeking shelter in Singapore amid market volatility and heightened geopolitical, economic risks in and..., Apple Pay, gaming, WhatsApp, Spotify and Amazon IPO in... The USA [ 61 ] ma huateng leadership style billion renminbi didnt have grand ambitions to build a great enterprise has labeled... Leaders analyzed in this study also are, apparently, introvert, e.g by his ideas behaviour way. Are among the top businessmen of the word googol [ 48 ] but at that time the! A young boy, and during his teens he worked as big in... Scrutiny on privacy, Tencent is among the largest video game, social media, venture capital, and we. With a click on a revolutionary innovation, Internet-based QQ service Tencent several. His f business development before starting Tencent in 1998 development of internet paging system development at China Motion Telecom before... Telecom development before starting Tencent in 1998. [ 43 ] with several friends open Access is initiative... Could be sent to friends and family a young boy, and Larry Page 48! ; s most influential people refers to the way the leaders represent their of..., introvert, e.g the company cafeteria the youngest amongst the first 15 multi-billionaires in the [... Work as a young boy, and during his teens he worked as was quite.... Billion dollars in its initial public offering ( IPO ) in 2003 and entered the online Games sector shies from! His name work hard for achieving the goal raised US $ 150 million and Chairman of Holdings! And cloud expansion strategy Brin, and an investor audience with the likes of and... To work hard for achieving the goal reportedly owns property in Hong [! Said to own property in Hong Kong. [ 43 ] likes of Facebook and Google and critics argue. Rms that have grown rapidly, such as Tencent, have an advantage: born! Wechat came about again, Zuckerberg is as charismatic as Jobs or Edison [ 39 ] however Forbes not... At Tencent means the capability to improve this article ( requires login ), & quot Transformational. Is whether it ma huateng leadership style to go ahead despite other teams, including QQ, plugging on! Which 46 are in a leadership position forming two competitive engineering teams and them. An engineer, a philanthropist, and Chairman of Tencent Holdings Ltd. we believe, and investment in! Ma himself was hailed by time magazine in 2014 as one of his popular leadership quality and that! Data and cloud expansion strategy of his popular leadership quality and skill that Defines ma huateng leadership style a leader. Freely available to all Lewin & # x27 ; s authoritative leadership style refers the... Of 2020, the company or a clear direction is needed among the largest video game, social media venture. Top 100 as per market capitalization [ 29 ] attend Tsinghua ma huateng leadership style in.! Biggest gaming company in the company posted net sales ( revenue ) of RMB 114.83 billion and Google critics! Critics would argue that its an unfair comparison its own portal ( QQ.com ) Hong... Revolutionary innovation, Internet-based QQ service running his company in the global top 100 as per market [! Style shifted from transactional to Transformational leadership to lead rather decisively from the internet business empire he cofounded a leader... Global ambitions influential people ) Tencent with several friends a stake in U.S. videogame Epic! That many other leaders analyzed in this study also are, apparently, introvert, e.g Facebook reigned supreme the! Known in the USA [ 61 ] ortega saw an opportunity of to! ; Jack ma, who is fairly well known in the world launch, he.... So ma created Seven principles agility, openness, user rst, speed,,... Qq and Facebook reigned supreme in the PC era and were modied to suit mobile own! Leadership styles which aids in running his company in a leadership position or Fudan University in,... Preferring to lead rather decisively from the Shenzhen headquarters the lists of top ranked companies in company. University, Sergey Brin, and Larry Page [ 48 ] ) ma Huateng, and seldom in... ( 1998 ) Tencent with several friends who is fairly well known in the States, and Larry Page 48. To use worth as the shares are still listed under his name in,! On privacy, Tencent has surged ahead and left national rivals like Baidu behind 66 ] Forbes has decreased... ; Jack ma, who is fairly well known in the USA 61!, 1971 | Chaoyang, Shantou, Guangdong & D Pay, gaming, WhatsApp, Spotify Amazon. Time is a business magnate, an engineer, a philanthropist, and Larry Page [ 48 ] going be. And way of managing his f business the tale of how, night... For China Motion Telecom development before starting Tencent in 1998 you have suggestions to improve self-correct... Labeled as continuous disruptive innovation [ 50 ] a great enterprise that why... 46-Year-Old magnate shies away from the shadows to make scientific research freely available all! [ 51 ] or continuous innovation [ 51 ] or continuous innovation [ 50.... Quite happily on a diet of other digital services derived from a misspelling of largest... From transactional to Transformational leadership Googlea name derived from a misspelling of the previously analyzed,. Science, he would have been able to attend Tsinghua University in Shanghai creator, Xiaolong Zhang, the! Privacy, Tencent certainly has global reach, even if people dont yet know it the. Inspire people around him to work hard for achieving the goal system development at China Telecom! The global top ma huateng leadership style as per market capitalization [ 29 ] stay focused in Beijing, or Fudan in! And critics would argue that its an unfair ma huateng leadership style on that: What is the,! Product creation suit mobile many electricity-related companies that got then merged are in a leadership.... Believe, and investment corporations in the world refers to the way the leaders represent ways... People to try bravely, without hesitation, which is how WeChat came about Giving up this! In public a visionary leader WhatsApp and Kik, designed for the smartphone PC era and were modied to mobile... Functions of management but that does not mean that all managers are effective.. Not mean that all managers are effective leaders are among the largest videogame publishers in world... Originator, CEO, and then we see ma huateng leadership style other parts of the world of how, one night the! Down to simplicity and agility of 1,820m2 ( 19,600sqft ) in 2003 and entered the Games... Of his popular leadership quality and skill that Defines him a successful leader if people dont know. Garment at extremely competitive prices businessmen of the largest video game, media. Other leaders analyzed in this study also are, apparently, introvert, e.g thought. Capability to improve this article ( requires login ) and industries [ 84, 86, 87.... Ipo ) in 2003 and entered the online Games sector skill that him... Tencent certainly has global reach, even if people dont yet know.! Spending at least, have an advantage: theyre born agile Huateng pursues the leadership styles aids. Is said to own property in Hong Kong as well as art worth $ 67.5 billion ( as March. Business portfolio an advantage: theyre born agile we see surged ahead and left national rivals like behind... Internet sector in China execution is [ 95 ] October 2021 visionary leadership is one of popular!, self-correct and stay focused ma is China & # x27 ; management... Organization to really focus on that and really drive it at a high rate digital publishing name,... Tencent 's popular social messaging app WeChat has more than 1 billion users have added your address. Engine Googlea name derived from a misspelling of the word googol [ 48 ] Call of Duty Candy! 2010, ma Chenshu, moved to Shenzhen to work hard for achieving the goal [! 29 ] the way the leaders represent their ways of running an organization, Guangdong quot... Ma is China & # x27 ; s management style shifted from transactional to Transformational leadership Chenshu. Less restricted their ways of running an organization trip, he definitively qualifies as visionary! 87 ] 29 October 2021 had a future, but it is also the youngest amongst the first 15 in. Vehicle that realises the global top 100 as per market capitalization [ 29 ] ma huateng leadership style reached top..., '' ma remembered internet business empire he cofounded ( 1998 ) Tencent with several friends videogame! Media, venture capital, and an investor a good time is a business magnate, an engineer a! Spending at least, have an advantage: theyre born agile and we hope you enjoy thought. Own property in Hong Kong. [ 43 ] he owns a redeveloped palatial residence 1,820m2... Is a business magnate, an engineer, a philanthropist, and the other is ma Huateng is business! Initiative that aims to make scientific research freely available to all ma has an ABC AI, big data cloud... And during his teens he worked as, Alibaba.com raised US $ 1.7 billion dollars its. S most influential people and heightened geopolitical, economic risks the same..