Two direct people who know the matter revealed that Ma Huateng, the founder of Tencent Holdings, the largest social media and video game company in China, met with officials from China's antitrust regulatory agencies this month and discussed the company's compliance matters.The analysis believes that this meeting is the most specific sign, indicating that China's unprecedented antitrust actions began at the end of last year may soon pay attention to other Internet giants.The Alibaba Commercial Empire under Jack Ma was the first year.
According to Reuters, the above two people and another person who knows the matter directly predicts that Tencent is the next company that faces stricter antitrust regulatory investigations.Tencent's WeChat instant messaging and mobile payment applications are very popular in China.Tencent will announce the performance of the season in December Wednesday.According to Luther's data, analysts expect Tencent's quarterly profit growth of 42%, although investors will focus on regulatory dynamics.
People familiar with the matter said that Ma Huateng, who was far away from the public sight for more than a year, participated in the two sessions in Beijing this month, and visited the Office of the State Administration of Market Supervision and Administration (SAMR) last week.Ma Huateng is a representative of the Guangdong Provincial People's Congress of Tencent Headquarters. He asked to meet with Gan Lin, deputy director of the State Administration of Market Supervision and other senior officials.
Tencent Holdings and the State Administration of Market Supervision and Management have not responded to the requirements of the comment.A source said that during the talks, the two sides discussed how Tencent Holdings can better abide by the regulations for antitrust supervision.Tencent Holdings has a market value of US $ 776 billion (S $ 1044.271 billion), which is the highest market value of Hong Kong.
The second source revealed that Wu Zhenguo, director of the Anti -Monopoly Bureau of the State Administration of Market Supervision and Administration, also attended the meeting. He expressed concerns about some business operations of Tencent Holdings and asked Tencent Holdings to comply with antitrust regulations.The two sources said that the State Administration of Market Supervision and Administration is collecting information and investigating the monopoly practices of WeChat, as well as how this application destroys fair competition and squeezes smaller opponents.
For the time being, officials of the State Administration of Market Supervision and Administration pointed out to Tencent's executives that the company has not complied with the specific cases of antitrust regulations.Based on revenue, Tencent Holdings is the world's largest video game company.
Because of the sensitivity of things, all sources refused to be named.
