Hou Xiaonan, President of China Literature and Vice President of Tencent's online video division, has reportedly begun to serve as the general manager of Tencent's Animation and Comics Department, reporting to firm COO Mark Ren.
Tencent sent out an internal email on Thursday announcing that due to business needs, Cheng Wu and Lai Zhiming will no longer serve as Vice President and other executive positions.
The leading platform for digital literature in China released its financial report for the first half of 2021 on Monday, showing stellar revenue growth and modest improvements in its active readership base.
On Dec. 14, Alibaba Investment, China Literature, and Hive Box were fined an overall 1.5 million yuan for violating the anti-monopoly law, according to a notice from the State Administration for Market Regulation.
Fast Company released the 2018 edition of the World’s Most Innovative Companies. Among the top 50 most innovative companies, Apple, Netflix, and Square were the top three. Tencent, which has been on the list for four consecutive years, surpassed Amazon and ranked fourth place in the list.