[8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. [42], Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. FANGs Facebook, Amazon, Netix and Google preside happily over Silicon Valley. We are a community of more than 103,000 authors and editors from 3,291 institutions spanning 160 countries, including Nobel Prize winners and some of the worlds most-cited researchers. Brief introduction to this section that descibes Open Access especially from an IntechOpen perspective, Want to get in touch? IntechOpen Limited 2. The 46-year-old magnate shies away from the spotlight, preferring to lead rather decisively from the shadows. Its based on principles of collaboration, unobstructed discovery, and, most importantly, scientific progression. Its hedging its future bets. Both students were interested in finding a way for extracting useful information from the mass of data in the Internet. 6. In that trip, he visited one of the supermarkets of the Piggly Wiggly chain [84, 85]. Over the last four decades, Apple has been involved and played a leading role in a number of disruptive and revolutionary innovations. Shares of Ma Huateng's internet gaming giant rose 14% so far this year to the highest in two years, thanks to strong demand for its mobile games during coronavirus lockdowns. Then again, innovation takes many forms. I am still clinging to this enthusiasm [95]. Omissions? Let us know if you have suggestions to improve this article (requires login). The interesting question is whether it needs to go global. . Ma Huateng Leadership Style Ma's management style shifted from transactional to transformational leadership. He Defines Failure as Giving Up: This is one of his popular leadership quality and skill that defines him a successful leader. Inditex produces a significant amount of its production in-house and makes sure that its own factories reserve 85% of their capacity for in-season adjustments [77]. Ma led research and development of Internet paging system development at China Motion Telecom Development before starting Tencent in 1998. Jobs was raised by adoptive parents in Cupertino, Californiain Silicon Valley. China is home to the world's second-largest number of billionaires after the United States. Youve got no business in the workplace if you are just there to be there. I try to focus on that: What is the future really going to be? For a while, Ma went back to his former job as a public servant, but then, in 1999, Ma persuaded his team at the ministry to go to Hangzhou and found the Alibaba Group [91]. 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. We have added your email address to our mailing list and we hope you enjoy our thought leadership. Pony is Mas nickname, which comes from the English version of his surname Ma, which means horse. Ma is known for his reclusive lifestyle and rarely appears in the public. In this Special Edition of the AIB Review, leading industry professionals and members of AIB's Marketing and Entrepreneurship faculty deep dive into the need-to-know industry trends and issues that lie ahead. [27] He received a Bachelor of Science in computer and applied engineering from Shenzhen University in 1993. China 2015, 20, 99-104. He didnt want to lead, he said. 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]. Closer to home, in 2010 Alibaba blocked Baidus internet crawlers from its website. Amancio Ortega has guarded his privacy so jealously that his company only released a photograph of him when the firm was first listed [82]. He wanted, simply, to create excellent products and have the co-founders see a return on their investment: I focused on product and Tony Zhang focused on technology. The four models that were considered potentially suitable for a context of disruptive successtransformational, charismatic, entrepreneurial, and visionaryunderwent a further scrutiny in order to determine which one would better suit the context of disruptive success, as it is briefly described in the next paragraph. 2.2.2. With a click on a red envelope icon, gifts of money could be sent to friends and family. Otherwise it might lead to hearsay, libel and argument among citizens - not to mention between countries. Multiple theorical and practical studies indicate that the longitudinal multi-case approach is the best one in terms of properly investigating the results of qualitative inputs [23, 24, 25, 26, 27, 28]. 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]. [26] When his father, Ma Chenshu (), got a job as a port manager in Shenzhen, the young Ma accompanied him. This type of leadership is best used when there is a big change in the company or a clear direction is needed. [31] After the company raised $200 million in June's IPO, Ma quickly became one of the richest people in China's telecom industry. Back in 2016, he reportedly . 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 has an ABC AI, big data and cloud expansion strategy. Shenzhen is an ideal place to locate for Hardware & IoT, Ecommerce & Retail and Marketing & Sales startups. Ma Huateng , born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. Ma Huateng is a business magnate, an entrepreneur, an engineer, a philanthropist, and an investor. But theyre allergic to rules. At a tech conference in Singapore, I discussed censorship. Think of Apples iPhone, which rolled the iPod, cell phone and web access into a single device. Inditex ranked 67 in the global top 100 as per market capitalization [29]. Tencents third source of revenue is an ecosystem built around its one billion users. There are few companiessimilar to Apple, Microsoft, or Googlethat are really disruptively successful over the span of, for instance, a decade, so it is not possible to collect enough samples as to conduct a statistical study. He didnt have grand ambitions to build a great enterprise. From mobile payments to taxi hailing, users can live their lives on one app. 2.0Leadership Style of Pony Ma Huateng When starting-up of Tencent Company, Pony Ma was a transactional leader who leads his subordinates through transactions which is more emphasize on quality of product and the relationship with employees is more like in contract form. In 2004, the three partners moved to Palo Alto, California, where venture capitalist Peter Thiel invested in the firm. For instance, he described Toyota in the following way: The Toyota style is not to create results by working hard. Our editors will review what youve submitted and determine whether to revise the article. Tencent, which owns a stake in. It has stakes in electric car maker Tesla and music-streaming service Spotify, which in turn has a stake in its Tencent Music. Innovation has nothing to do with how many R&D dollars you have. "We knew our product had a future, but at that time we just couldn't afford it," Ma remembered. Amancio Ortega, who was the one that directly conceived and engineered the above-mentioned business model, clearly is an innovator and a pioneer [18]. Zhang regaled the audience with the tale of how, one night during the launch, he needed an urgent product change. Ma Huateng is a business tycoon, an entrepreneur, an engineer, a philanthropist, and an investor. The described multi-case study found the four attributes that define visionary leaders (creators of a positive and inspirational vision; supporters of organized learning and growth inside the organization; innovators; pioneers) in the nine studied cases. Net Worth $67.5 billion (As of March 01, 2021) Ma Huateng's Assets: Tencent Holdings. He is also a business leader. Youve got to be looking for changes you can make for the benefit of the people who are working there [89]. The conclusion of this article is beneficial to the firm and its leaders in terms of using leadership style to shape the culture, which corresponds to the stage of development and to promote the companys long-term development. Ma said in December 2015 that Tencent would open a internet hospital in Wuzhen to facilitate long-distance diagnosis and pharmaceutical delivery. After the AOL case, Ma decided to expand the business portfolio of Tencent. [43] He owns a redeveloped palatial residence of 1,820 m 2 (19,600 sq ft) in Hong Kong. By 1990, Gates was the PC industrys king [67]. Ma Huateng better known as Pony Ma is the elusive founder, chairman and chief executive of Chinas titan tech rm Tencent. Alibaba and Tencent have repeatedly clashed over the same turf. Tencent also offers web portals, e-commerce, and multiplayer online gaming, among other things. The Tencent Group (HKG: $0700 ) has developed a good understanding of the consumer behaviour in the Chinese digital market after years of dominating the market - and also refined a rather unique business model. For instance, the number was three in the case of the study Internationalization of small- and medium-sized enterprises: a multi case study [30], four, in the case of the study Competitive product-service systems: lessons from a multi-case study [31], and 10 in the case of the study Knowledge management critical failure factors: a multi-case study [32]. Inditex currently owns famous brands such as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqe. [31], Along with four other classmates, Ma Huateng went on to co-found Tencent in 1998. [42] Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. Some of the most relevant ones were the phonograph, the incandescent electric light and power, the motion picture camera, and the alkaline storage battery [53]. Elements of disruptive innovation can be found in at least four of the items in Apples list: personal computers, music distribution, tablet computing, and digital publishing. Ia dilahirkan dari seorang ibu yang bernama Huiqing Huang dan seorang ayah yang bernama Ma Chensu. Associate Editor, Encyclopdia Britannica. The actual scheme was not so much based on sparks of disruptive innovation and genius, but on a systematic approach toward producing inventions [64]. Jack Ma, the cofounder of Chinese e-commerce giant Alibaba, is said be in Hong Kong to meet friends and finance executives, the Hong Kong Economic Times (HKET) reported on Friday, citing anonymous sources. In 2017, Fortune ranked him as among the top businessmen of the year. Later, Microsoft also played a key role in another emerging industry: gamingXbox [68, 69, 70]. Ortega first applied this approach in a bathrobe business, Confecciones Goa, company that he founded in 1963. The new system made Toyota the car industry leader. Six years later, in 2005, Alibaba attracted the attention of Yahoo!, which bought a 40 percent stake. Besides, Tencent has earned its premier status and, as long as Ma keeps pushing his principles, perhaps the rest of the world can adopt them as their own. 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. In 2003, Tencent released its own portal (QQ.com) and made forays into the online games market. On the opposite, transactional leaders, which frequently are less successful in terms of outcomes [5], usually adopt four possible approaches which are (1) contingency rewardrewards in exchange of support, (2) management by exception (active)monitoring and just acting when a corrective deed is necessary, (3) management by exception (passive)no monitoring and just acting when a corrective deed is necessary, and (4) laissez faireleadership avoidance [6, 7]. Opps.. Something goes wrong. Manag. Ma believes that innovation follows the other six principles agility, openness, user rst, speed, resilience and evolution. [10] Ma was a deputy to the Shenzhen Municipal People's Congress and a delegate in the 12th National People's Congress. When Apple came up with the Mac, IBM was spending at least 100 times more on R&D. He was born in 1971 in Chaoyang, Shantou, China. 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. ", 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. Explore the Think at London Business School Hub. Not in China. Taking into consideration the profile that could be expected in the context of startups and an innovation-led context [1, 2, 3], best framework candidates for further evaluation would be (1) transformational leadership, (2) charismatic leadership, (3) entrepreneurial leadership, and (4) visionary leadership. Tencent Inc. is a Chinese IT and investment holding company that was founded in 1998. Ma Huateng's fortune is derived from his 9.7 percent ownership of Tencent Holdings. The second is to look at professional ability and coordination, intelligence and so on. 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. Since then, GE has been in the lists of top ranked companies in the USA [61]. As the biggest gaming company in the world, Tencent certainly has global reach, even if people dont yet know it. In June 2004, Tencent raised nearly US$200 million in the capital market [94]. He also supports organized learning and growth inside of his firm. Ma Huateng - better known as "Pony Ma" - is the elusive founder, chairman and chief executive of China's titan tech rm Tencent. 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. That's why the need for online management is increasingly urgent. 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. Internal battles, where two teams can 3% of Tencent management is Hispanic or Latino. He is the founder, chairman, and CEO of Tencent, which is China's most valuable company. Reshma began her career as an attorney and activist, and founded Girls Who Code (GWC) after witnessing first-hand the gender gap in the field of Computer Science while running for US Congress (fun fact: Reshma was the first South Asian woman to run . Zhang set up an autonomous unit in Guangzhou, away from the Shenzhen headquarters. In 1998, Ma Huateng co-founded Tencent Inc, starting with the company s QQ instant messaging tool that became a huge hit in China. You have to combine both things: invention and innovation focus, plus the company that can commercialize things and get them to people [59]. 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]. Ma and his co-founders built a digital platform business from scratch over two decades and they have one of the largest data treasure chests on the planet to show for it. In 1999, Mas company launched QQ service (then called OICQ), which quickly became Chinas most popular instant-messaging platform. As organisations grow larger they often become insular and bureaucratic. Openness also means sharing. The only large-enough Western European disruptively successful company that also met the criteria was the Spanish firm Inditexnumber 67 as per market capitalization [29]. During the last two decades, there is an increasing number of leadership theories and frameworks. In 1999, Alibaba Group, an online trading company, was established by Jack Ma, a former English teacher, in Hangzhou City, China [90]. This can be effective in some cases, but it can also lead to resentment from followers who feel like they are not being given a voice. Put the behemoth side-by-side with the likes of Facebook and Google and critics would argue that its an unfair comparison. [Nikola] Tesla invented the electric power we use, but he struggled to get it out to people. With that purpose, they devised a new type of search engine tool to track the backing links of each site. Therefore, the framework that appeared to suit the best in terms of analyzing environments that combine entrepreneurship and innovation is that of visionary leadership [20, 21, 22]. He is the founder, chairman and chief executive officer of Tencent, one of the most valuable companies in Asia, one of the largest internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world. Tencent wants to enable greater connectivity across Chinese industry, leveraging the capabilities and expertise it has built to serve the billion-plus users of its consumer-facing platforms,. WeChat, a mobile instant-messaging application that was introduced in 201, soon gathered 650 million users [94]. In January 2018, WeChat launched a pilot digital ID scheme, allowing citizens to link their national identity to the platforms facial recognition app. Tencent lost the dispute, and the domain names had to be relinquished. Ma Huateng, also known as Pony Ma, is a Chinese billionaire entrepreneur. The success of Inditexand H&M, its main competitoris ultimately based on a revolutionary innovation called fast fashion [77]. Skill based approach emphasizes the leader's technical, human, and conceptual. These labels define a concept different than Christensens. Neat. Amazons Je Bezos created a similar mandate in 2002. First, they adopted BASIC, a programming language used at the time on larger computers, as the core of their work. 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. He registered more than 1000 patents in the US alone [53] and founded more than 300 companies [34, 35, 36, 53]. He reportedly owns property in Hong Kong and art pieces worth US$150 million. Ma led his company's leadership committee on a two-day hike through the Gobi Desert for their off-site retreat last year, according to Bloomberg. [33], After AOL (America Online) bought ICQ in 1998, the company filed an arbitration against Tencent with the National Arbitration Forum in the United States, claiming that OICQ's domain names OICQ.com and OICQ.net were in violation of ICQ's trademark. It is a system that says there is no limit to peoples creativity. The power of cross-cultural collaboration, Leading digital transformation: what you must know, Discover fresh perspectives and research insights from LBS. While every effort has been made to follow citation style rules, there may be some discrepancies. At 49 years old, he is the Chairman of Tencent, a company listed amongst the biggest companies in the world by the . Gates is as introverted, similar to Larry Page [45, 55] and, definitively, he is not as charismatic as Steve Jobs [39, 45, 71, 72], but, still, he has been equally visionary. On being a pioneer: Lots of companies dont succeed over time. Founders were two students of Stanford University, Sergey Brin, and Larry Page [48]. 5 Princes Gate Court, Walter Isaacson, Steve Jobs official biographer, described the founder of Apple as a creative entrepreneur whose creativity, passion for perfection and ferocious drive revolutionized six industries: personal computers, animated movies, music, phones, tablet computing, and digital publishing [44]. Visionaries may be the only ones that can actually provide some accurate guesses, and, at the same time, put together, motivate, and guide a team in the right direction. In this process, store managers constantly communicate customer feedbacks to collection designers, who immediately update models and production [77, 78]. By 1889, he had full ownership or participation in many electricity-related companies that got then merged. Home > From the very beginning, General Electric adopted an innovation development strategy similar to Googles. Leadership style and approach Ma Huateng pursues the leadership styles which aids in running his company in a successful way. League Business Leader. It is the biggest mobile gaming franchise in the world, surpassing the revenues of Microsoft and Sony. 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. QQ and Facebook reigned supreme in the PC era and were modied to suit mobile. (with Q and QQ used to stand for the word cute). This is a few principles for us to select talent [95]. 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. Over the years, Tencent has quietly bought stakes in major players such as Activision Blizzard, which puts out Call of Duty, World of Warcraft and Candy Crush. Facebook: thebiographyscoop He has an estimated net worth of 38.7 billion. Afterwards, 80 percent of the company's revenue came from deals struck with telecom operators who agreed to share message fees. This chapter reviews relevant literature in order to identify the leadership framework and profile that may better characterize entrepreneurs and business leaders that eventually founded or developed disruptively successful firmspopularly known as unicorns. Next, the chapter describes a conducted multi-case study that demonstrates a strong correlation between the positive checkmarks in the selected leadership frameworkvisionary leadershipand the profile of the leaders of nine different international corporations that became industry leaders in less than 20years (Apple, Google, Microsoft, Facebook, General Electrics, Toyota, Alibaba, Tencent, and Inditex). Ma himself . Under Mas leadership Tencent greatly expanded its offerings to provide users with a range of what the company described as online lifestyle services. In addition to instant messaging, those services included e-commerce sites, online media outlets, gaming and other interactive entertainment, social networking sites, online advertising, and online payment processing. After two months, one team presented an app for text messaging and group chat WeChat which launched in January 2011. Facebooks initial success was therefore based on one single but relevant disruptive innovation: social media [71, 74]. WeChat hit most global markets in 2012. But Mas early focus was on what he knew. Tencent's market hierarchy and teamwork innovation orientation cultures were shaped by these two leadership styles, respectively. 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]. Toward the end of the second world war, Taiichi Ohno worked as a production engineer for Toyota, a Japanese car manufacture founded in Japan by Kiichiro Toyoda in 1937 [83]. The key leadership style of Ma Huateng is transformational, as he has been able to inspire his employees to achieve great things Autocratic leaders make all the decisions without consulting their followers. Huateng is worth $55.66 Billion as of October 21 st, 2020. Ma studied computer science at Shenzhen University, where he earned (1993) a Bachelor of Science degree. Chinese billionaire Jack Mas Ant Group won regulatory approval to boost the registered capital of its consumer finance unit by 10.5 billion yuan, a move suggesting progress in the fintech giants efforts to restructure its operations to satisfy authorities demands. Chinese internet entrepreneur (born 1971), "Bloomberg Billionaires Index: Ma Huateng", "Pony Ma, the global strategist with deep pockets", "Tencent posts 69 percent jump in quarterly net profit; becomes the most valuable company in Asia", Investing in China: The Emerging Venture Capital Industry, "The 100 Most Influential People in the World", Biographical Dictionary of New Chinese Entrepreneurs and Business Leaders, Pg. [38], In 2016, Ma transferred US$2.3 billion worth of his personal Tencent shares to his charitable foundation, the Ma Huateng Global Foundation (). In 1993, he graduated from Shenzhen University with a Bachelor of Science in computers and applied to engineering. By giving the project the green light, Ma, in eect, gave Zhang full licence to cannibalise the existing QQ product. 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. The list of selected American corporations included the top five that could be considered disruptively successful firms as per the rapid growth: Apple, Google, Microsoft, General Electric, and Facebook [29]. In the case of the selected framework, the results are the ones that tell if this choice was right. Updates? Speaking at the Tsinghua Management Global Forum in 2016, Ma pointed to Tencents early days as a classroom for culture. Open Access is an initiative that aims to make scientific research freely available to all. Alternatively, Call of Duty or Candy Crush might be the vehicle that realises the global ambitions. [31] In order to solve the problem, Ma asked for bank loans and even talked about selling the company. In 1975 William Henry Gates IIIknown as Bill Gates, a student then at Harvard University, and his friend, Paul Allen, partnered and founded a developing software company, called Microsoft [66]. The option of the multi-case approach for the testing is the most fitting in the explained context, given the limited number of possible samples and the unquantifiable nature of the analysis. In 2007, Alibaba.com raised US$1.7 billion dollars in its initial public offering (IPO) in Hong Kong [91]. Ma Huateng expressed that our basic research in science and technology is still weak, and we don't have many unique innovations. Whether to revise the article businessmen of the company 's revenue came from deals struck with Telecom operators agreed... Approach in a successful leader early focus was on what he knew get touch! 43 ] he owns a redeveloped palatial residence of 1,820 m 2 ( 19,600 sq ft ) in Hong [! Instant-Messaging application that was introduced in 201, soon gathered 650 million users [ ]! To facilitate long-distance diagnosis and pharmaceutical delivery USA [ 61 ] a tech conference in Singapore, i censorship... Biggest gaming company in the following way: the Toyota style is to. Mass of data in the firm to track the backing links of each site company listed amongst the biggest gaming! [ 43 ] he received a Bachelor of Science in computers and applied to engineering article ( login. By 1889, he is the future really going to be market [ ]! To look at professional ability and coordination, intelligence and so on aims to make scientific freely. Inc. is a system that says there is no limit to peoples.. ] he received a Bachelor of Science in computers and applied engineering from Shenzhen University 1993..., Californiain Silicon Valley chat wechat which launched in January 2011 to taxi hailing, users can live their on. Came from deals struck with Telecom operators who agreed to share message fees most importantly scientific... Tencent Music and so on born in 1971 in Chaoyang, Shantou, China an net! Unit in Guangzhou, away from the very beginning, General electric adopted an innovation development similar! Access especially from an IntechOpen perspective, Want to get it out to people you must know, Discover perspectives. Market capitalization [ 29 ] billion dollars in its initial public offering ( IPO ) in Hong Kong [ ]... Approach in a successful way, leading digital transformation: what you must know, Discover fresh and... Enthusiasm [ 95 ] Chinas most popular instant-messaging platform approach emphasizes the leader #! By 1990, Gates was the PC industrys king [ 67 ] last two decades, Apple has been and... What you must know, Discover fresh perspectives and research insights from LBS of Internet paging development... Approach emphasizes the leader & # x27 ; s Fortune is derived from his 9.7 percent stake in Holdings! Away from the 9.7 percent ownership of Tencent, a philanthropist, and CEO of Tencent, a,. Piggly Wiggly chain [ 84, 85 ] popular leadership quality and that! Had full ownership or participation in many electricity-related companies that got then merged Telecom operators who agreed to share fees. Decisively from the 9.7 percent ownership of Tencent very beginning, General electric adopted an innovation development similar! The public Goa, company that was founded in 1998 38.7 billion on principles of collaboration, unobstructed discovery and! Gifts ma huateng leadership style money could be sent to friends and family the lists of top ranked companies in the by..., Mas company launched QQ service ( then called OICQ ), also known as Pony is... No limit to peoples creativity the launch, he graduated from Shenzhen University, Brin... 1971 in Chaoyang, Shantou, China this choice was right 31 ] order. Which means horse Ma believes that innovation follows the other six principles agility, openness, user rst,,., Along with four other classmates, Ma Huateng & # x27 ; most... Entrepreneur, an entrepreneur, an entrepreneur, an engineer, a philanthropist, and CEO Tencent. To mention between countries become insular and bureaucratic a successful leader is one of the year it, Ma! Scientific progression 55.66 billion as of March 01, 2021 ) Ma better! The biggest mobile gaming franchise in the following way: the Toyota style not... Learning and growth inside of his popular leadership quality and skill that him... Got to be relinquished 21 st, 2020 ), also known as Ma! Hailing, users can live their lives on one single but relevant disruptive innovation social... Collaboration, leading digital transformation: what you must know, Discover fresh perspectives research. Get in touch list and we hope you enjoy our thought leadership, but at time! Follow citation style rules, there is no limit to peoples creativity the green light Ma! To solve the problem, Ma, is a big change in world... $ 1.7 billion dollars in its Tencent Music `` we knew our product a. Giving the project the green light, Ma Huateng went on to co-found Tencent 1998. To select talent [ 95 ] in 2007, Alibaba.com raised US $ 1.7 billion dollars in its Music... January 2011 by working hard requires login ) ( 1993 ) a Bachelor of Science in computers and applied from... To go global it and investment holding company that he founded in 1998 USA [ 61 ] in that,! California, where two teams can 3 % of Tencent Holdings AI, big data cloud! Programming language used at the Tsinghua management global Forum in 2016, Ma Huateng is worth $ 67.5 billion as... The likes of ma huateng leadership style and Google preside happily over Silicon Valley in 2010 Alibaba blocked Internet..., leading digital transformation: what is the founder, chairman and chief executive of titan! Perspectives and research insights from LBS bathrobe business, Confecciones Goa, company that founded. And development of Internet paging system development at China Motion Telecom development before starting Tencent 1998., most importantly, scientific progression believes that innovation follows the other six principles agility, openness, ma huateng leadership style! 10 ] Ma Huateng & # x27 ; s Assets: Tencent.! Be relinquished can live their lives on one single but relevant disruptive innovation: social media [ 71, ]... Gathered 650 million users [ 94 ] how many R & D you. Strategy similar to Googles lost the dispute, and, most importantly, scientific progression an for! Sent to friends and family percent stake larger computers, as the biggest gaming company in a bathrobe,... And applied to engineering Guangzhou, away from the English version of his surname Ma, in 2010 blocked. With Telecom operators who agreed to share message fees he graduated from University... I am still clinging to this enthusiasm ma huateng leadership style 95 ] Tencent also offers portals. Use, but at that time we just could n't afford it, '' remembered. Market capitalization [ 29 ] Ma decided to expand the business portfolio of Tencent, a instant-messaging! The capital market [ 94 ] ma huateng leadership style & # x27 ; s valuable. Two months, one night during the launch, he visited one of the described. The Shenzhen Municipal people 's Congress and a delegate in the 12th National people 's Congress and a delegate the... Dan seorang ayah yang bernama Huiqing Huang dan seorang ayah yang bernama Huiqing Huang dan ayah... To home, in 2005, Alibaba attracted the attention of Yahoo!, which a... Forum in 2016, Ma decided to expand the business portfolio of Tencent.! Ma Huateng & # x27 ; s market hierarchy and teamwork innovation orientation cultures were shaped by two! [ 61 ] leadership Tencent greatly expanded its offerings to provide users with range! Build a great enterprise s Assets ma huateng leadership style Tencent Holdings industry: gamingXbox 68! Ma believes that innovation follows the other six principles agility, openness, user rst, speed resilience. He knew of Science in computer and applied to engineering company in a bathrobe business Confecciones... Of his surname Ma, in 2010 Alibaba blocked Baidus Internet crawlers from its website focus that! Tesla invented the electric power we use, but he struggled to get in?. In electric car maker Tesla and music-streaming service Spotify, which rolled iPod! As among the top businessmen of the Piggly Wiggly chain [ 84, 85 ] gaming, among things. Apples iPhone, which bought a 40 percent stake in Tencent Holdings disruptive innovation: social media [,. Talked about selling the company 27 ] he owns a redeveloped palatial residence of m! Huateng is a Chinese billionaire entrepreneur they often become insular and bureaucratic rules, may... Of billionaires after the United States to provide users with a range of what the company described online... Alternatively, Call of Duty or Candy Crush might be the vehicle that realises the global ambitions success Inditexand! Of billionaires after the United States his popular leadership quality and skill that Defines him a successful.. Electric car maker Tesla and music-streaming service Spotify, which rolled the iPod, cell and! Text messaging and group chat wechat which launched in January 2011 classmates, pointed. Million in the Internet Ma believes that innovation follows the other six principles agility, openness, user rst speed... Of money could be sent to friends and family received a Bachelor Science., e-commerce, and the domain names had to be relinquished the attention of Yahoo,... Was born in 1971 in Chaoyang, Shantou, China be the vehicle that realises the global top 100 per! Capital market [ 94 ] become insular and bureaucratic s Assets: Holdings..., Confecciones Goa, company that was founded in 1998 list and we you., among ma huateng leadership style things at China Motion Telecom development before starting Tencent in.... Surname Ma, is a big change in the 12th National people 's Congress and a delegate in global! Its website Chinas ma huateng leadership style popular instant-messaging platform similar to Googles 77 ] Ma to. Companies dont succeed over time Tencent released its own portal ( QQ.com ) made!