Tencent Announces Job Changes for Two VPs

Tencent despatched out an inner e mail on Thursday asserting that as a result of enterprise wants, Cheng Wu and Lai Zhiming will now not function Vice President and different govt positions, in keeping with Jiemian News.

Cheng Wu joined Tencent in 2009, and has since served as Vice President of Tencent Group, CEO of China Literature and CEO of Tencent Pictures. The govt was additionally put in command of advertising and marketing and public relations for Tencent Group. In 2011, Cheng first proposed a pan-entertainment technique with literature IP because the core. This concerned the formation of a multi-cultural trade growth chain of animation, movie and tv, and video games.

In April of 2020, Cheng was appointed CEO of China Literature Limited. He adjusted the event route of the division, explicitly adopting on-line literature because the cornerstone and IP growth because the driving pressure to construct its enterprise matrix.

Lai Zhiming, one other senior govt, joined Tencent in 2009 and has served as basic supervisor of Tenay since 2012. Previously, Lai was accountable for managing Tencent‘s Fintech Business Line (FIT), serving because the vp of Tencent and the chairman of Fusion Bank. Lai’s main contribution has been to grab the chance of fast fee and set up a monetary ecosystem with fee as the doorway, overlaying diversified fields resembling monetary administration, securities and blockchain.

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After this adjustment, Lai will stay the chairman of Fusion Bank. Fusion Bank is a digital financial institution collectively established by Tencent, the Industrial and Commercial Bank of China (Asia) Limited, Hong Kong Exchanges and Clearing Limited, Hillhouse Capital and Hong Kong businessman Zheng Zhigang. It goals to serve shoppers and SMEs in Hong Kong.


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