For Vietnamese, we are incredibly acquainted with the Lien Quan Mobile game, inspired by Vuong Gia Vinh Dieu, a well-known game from Tencent. In the mainland China market place, Tencent is 1 of the engineering giants generally at the forefront of innovations, and blockchain is 1 of them. But handful of know that behind these innovations is the identify Ma Hoa Dang, a wealthy but humble and reserved billionaire. He led Tencent from the king of plagiarism to the three biggest game corporations in the globe. So who is Ma Hoa Dang? Let’s obtain out with Coinlive via the write-up beneath.
Who is Ma Hoa Dang? Biography of the head of Tencent
Who is Ma Hoa Dang?
Ma Huateng is a billionaire, businessman and co-founder of Tencent, the billionaire behind the good results of China’s biggest messaging and electronic payment applications. Tencent’s influence is not only constrained to the billion-particular person market place, but also reaches the whole globe as Tencent is 1 of the 3 gaming corporations with the biggest market place capitalization, behind Sony and Microsoft. According to information offered by Forbes, Ma Hoa Dang is at present ranked 34th on the checklist of the world’s richest billionaires with a net well worth of up to $35 billion.
Portrait of Ma Hoa Dang
Ma Huateng was born on October 29, 1971 in Guangdong, China, into a reasonably regular relatives. To earn a residing, Ma Hua Dang’s relatives moved several instances in advance of settling in Shenzhen. In 1973, just after graduating from Shenzhen University with a degree in personal computer science, he was accepted to function at a application enterprise that designed messaging applications.
At the time, even however this work only brought a modest revenue of $176 a month, it provided a large possibility that not all people had. In the early 1980s, the Internet was nonetheless an particularly unusual factor to several people today in China, and Ma Hua Dang was 1 of the one% of the population who had accessibility to it.
Ma Hua Dang’s profession
As he is lucky to be 1 of the pioneers, Ma Hoa Dang plainly understands what the potential market place will will need to assure a closed digital ecosystem. In 1988, Ma Hoa Dang and 3 of his buddies jointly founded Tencent with an preliminary capital of 120 thousand bucks, the supply of this cash was obtained by taking part in stocks. The very first solution that this enterprise brings to that market place is OICQ, an application that supplies immediate messaging companies by connecting desktop personal computers to mobile phones.
In just the very first yr this application straight away attracted hundreds of thousands of downloads and employs. Tencent’s preliminary method was to let customers to download for absolutely free and gather cash only from promoting and higher-finish consumer companies.
However, at that time Tencent’s shortcomings had been evident: with the dimension of a modest enterprise, Ma Hoa Dang did not have adequate assets to create a server program strong adequate to run the application. Between late 2000 and early 2001, Tencent managed to accessibility $32 million in capital from American traders and build a server program.
Realizing that this is a distinctive possibility as the billion-particular person market place is steadily integrating with the globe, Ma Hoa Dang and his colleagues swiftly designed other applications integrated with payment companies. Thanks to this strategic vision, just three many years later on, Tencent has captured just about 74% of the Chinese market place share (equivalent to 74 million downloads). In 2004, Tencent shares had been listed on the Hong Kong Stock Exchange and earned a lot more than $180 million.
In the 2010s, thanks to advances in the mobile market, the Computer section started to decline, so Ma Hoa Dang launched a new independent edition of QQ identified as WeChat. Although normally in contrast to Mark Zuckerberg’s Facebook, WeChat is generally rated far better than the Western giant thanks to the super request type it brings to the market place. With just 1 WeChat application, Ma Hoa Dang has integrated a amount of other options this kind of as: payment, calls, SMS, appointments, contact a auto, send cash, perform video games,…
In addition to the super application WeChat, Tencent is also 1 of the massive names in the discipline of cloud computing, artificial intelligence, and even enjoyment. In Vietnam we will know the well-known Tencent video games like Clash of Clans or King of Glory (authentic edition of Lien Quan Mobile). The gaming business enterprise alone contributes $ten billion to Tencent’s income.
But Hua Dang and cryptocurrency
Last yr, Tencent had to shut down just about all of its NFT enterprises due to rigid government laws on cryptocurrencies. Specifically, the Beijing government has banned customers from producing individual transactions just after owning NFTs, therefore right stifling the secondary market place and options to revenue from these digital performs. Therefore, despite the fact that customers can nonetheless secretly trade NFTs, giants like Tencent are unable to revenue from the NFT section.
Earlier this yr, in a press release issued by Tencent Cloud (a subsidiary of Tencent), this unit explained that it is actively negotiating with a amount of distinct names to encourage the advancement of the Web3 ecosystem.. Specifically, a representative from Tencent Cloud explained that this unit will deploy API companies via the assistance of Ankr, a blockchain infrastructure supplier.
Moreover, Come on, Slide AND Avalanche they are also the up coming 3 names that will collaborate with Tencent Cloud to launch useful Web3 options. Also in its announcement, Tencent continued to introduce a new solution identified as “Metaverse-in-a-box”, an application that integrates all the infrastructure essential to create the very best gaming experiences.
Above is facts about Ma Hoa Dang and his profession achievements. Through the write-up, we hope that Coinlive has offered readers with the most standard facts about Ma Hoa Dang and what he has attained in the journey of commencing a business enterprise and past in the cryptocurrency market and the transformation that Tencent is pursuing.