China's Tencent Plans Restructuring, New COO
China's Tencent, one of the top social networking companies in China, has announced that after a period of increased spending, they will now restructure their business into a more efficient configuration to grow beyond its core business. Tencent is best known for Tencent QQ, an instant messenger not dissimilar to Microsoft's Live Messenger service, but with enhanced web and mobile capabilities. The new restructure will help the company's smaller teams gain enough independence to grow faster.
China’s Tencent, one of the top social networking companies in China, has announced that after a period of increased spending, they will now restructure their business into a more efficient configuration to grow beyond its core business. Tencent is best known for Tencent QQ, an instant messenger not dissimilar to Microsoft’s Live Messenger service, but with enhanced web and mobile capabilities. The new restructure will help the company’s smaller teams gain enough independence to grow faster.
The Wall Street Journal reports that smaller operations such as the e-commerce division will be able to grow faster in the new configuration by pooling “certain of our technology and engineering teams to further develop core technologies and operational platforms so as to better support future business growth.”
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in