Pony Ma: Contributing the Power of the Internet to Economic Recovery and Improvement
During this period, the central government has introduced a package of incremental policies, focusing on the pain points and blockages in the current economic operation, comprehensively responding to market calls, and allowing a wide range of enterprises to feel the strong determination to strive to achieve economic and social development goals, which has also strengthened everyone's belief in working hard and overcoming difficulties together. We see that the Party and the government are responding to the underlying concerns of the market, making the active support of the development of the private economy and the construction of a high-standard market economy a priority. A series of strong institutional constructions, such as the Private Economy Promotion Law, have been formulated, starting from the aspects that private enterprises were most worried and concerned about, creating good expectations for everyone to enter the market with less burden. The repeated emphasis on the consistency of macro policy orientation has grasped the key to the effective implementation of the policy combination, truly forming a policy synergy that allows enterprises to better focus on their main business and develop with peace of mind. The internet and other digital technology industries are new driving forces for China's development, playing an important role in boosting the economy. As a digital technology enterprise, Tencent has actively responded to the national deployment to expand domestic demand over the years, exploring actively in the development of digital consumption, and striving to create richer consumption scenarios, models, and formats. From continuously optimizing consumption tools such as WeChat Pay to experimenting with e-commerce businesses like live streaming sales on video accounts, we actively create and serve effective demand, promoting a smoother economic cycle. At the same time, relying on the increasingly active and improved WeChat ecosystem, we continuously enhance our capacity and friendliness towards employment and entrepreneurship
In recent times, the central government has introduced a package of incremental policies, focusing on the pain points and blockages in the current economic operation, comprehensively responding to market calls, allowing a wide range of enterprises to feel the strong determination to strive to achieve economic and social development goals, and also strengthening everyone's belief in prioritizing action and overcoming difficulties together.
We see that the Party and the government are responding to the underlying concerns of the market, making the active support of the development of the private economy and the construction of a high-standard market economy a priority. A series of strong institutional constructions, such as the Private Economy Promotion Law, have been formulated, starting from the aspects that private enterprises were most worried about in the past, creating good expectations for everyone to enter the market with less burden. The repeated emphasis on the consistency of macro policy orientation has grasped the key to the effective implementation of policy combinations, truly forming a policy synergy that allows enterprises to better focus on their main business and develop with peace of mind.
The digital technology industry, including the internet, is a new driving force for China's development and plays an important role in boosting the economy. As a digital technology enterprise, Tencent has actively responded to the national deployment to expand domestic demand over the years, exploring actively in the development of digital consumption, and striving to create richer consumption scenarios, models, and formats. From continuously optimizing consumption tools like WeChat Pay to experimenting with e-commerce businesses such as live streaming sales on video accounts, we actively create and serve effective demand, promoting a smoother economic cycle. At the same time, relying on the increasingly active and 完善的 WeChat ecosystem, we continuously enhance our capacity and friendliness towards employment and entrepreneurship. The China Academy of Labor and Social Security recently estimated that the employment income opportunities created by the WeChat digital ecosystem have been growing year by year, exceeding 50 million last year. Each entrepreneurial project on mini-programs and video accounts generates more than 11 employment opportunities, creating a strong atmosphere of innovation and entrepreneurship driving employment. In the future, we will also ride the spring breeze of the national promotion of venture capital, increasing investment in the direction encouraged by policies, committed to being patient capital, and deeply connecting technological innovation, entrepreneurial spirit, and industrial upgrading.
In today's world, the opportunities of the technological revolution are fleeting, and the industrial competition between countries is nearly intense, with enterprises facing the risk of regression if they do not advance. In recent years, the overall compliance level, development quality, internal management, and social contribution of China's internet enterprises have qualitatively improved. Standing at a new starting point, we comprehensively enhance quality and efficiency, optimizing business layout, with the health and sustainability of our business significantly strengthened. Some mature platforms or products have traversed multiple cycles, with old trees sprouting new buds, while some new products or works have made breakthroughs in mainstream cultural dissemination and competitiveness in overseas markets. Since 2018, Tencent has invested over 300 billion yuan in research and development, with the generative artificial intelligence large model "Hunyuan" being implemented in over 700 business scenarios, and digital capabilities being output to millions of partners across various industries.
The prosperity of private enterprises cannot be separated from a good macro environment, and the stable and healthy development of the Chinese economy expects contributions from a wide range of private enterprises. Running first-class enterprises to achieve better quality, higher efficiency, stronger competitiveness, and greater influence is the goal that many private enterprises strive for. The road ahead will not be smooth. However, under the leadership of the Party and the government, private enterprises will unite and prioritize action, and there will surely be a bright future. The Chinese economy will surely strive to move forward amidst the winds and waves. (The author is the Chairman and CEO of Tencent) Source: People's Daily