Tencent's Ma Huateng Writes: Striving to Achieve Greater Accomplishments in High-Quality Development

According to the news from CCTV WeChat official account on the evening of July 19th, Ma Huateng, Chairman and CEO of Tencent, wrote an article titled "Striving to Make Greater Contributions in High-Quality Development".

The full text is as follows:

Private economy is an important force driving economic and social development. The Party Central Committee attaches great importance to the private economy and private enterprises, always treating them as their own and cheering for the private economy and entrepreneurs. During this year's two sessions, General Secretary Xi Jinping further emphasized that the private economy is an important force for the Party's long-term governance, leading the people of the whole country to achieve the "Two Centenary Goals" and the great rejuvenation of the Chinese nation. This has greatly inspired and encouraged us. The issuance of the "Opinions on Promoting the Development and Growth of the Private Economy" (hereinafter referred to as the "Opinions") by the central government this time, which focuses on the high-quality development of the private economy, formulates and releases a series of policy measures, plays an important role in inspiring and guiding private enterprises to have confidence, take light steps, and develop boldly.

The "Opinions" have a precise and deep understanding of the challenges and opportunities facing the private economy and private enterprises, and the measures introduced are targeted, which stabilizes everyone's expectations for achieving high-quality development. In the past two years, under the influence of the epidemic and changes in the international and domestic environment, some private enterprises have encountered significant difficulties and challenges, and their development expectations have been affected to some extent. Based on in-depth research, the "Opinions" provide institutional arrangements and clear guidance on issues of concern to enterprises, such as the business environment, policy support, regulatory orientation, legal guarantees, and public opinion atmosphere, translating the requirements of "equal use of production factors, fair participation in market competition, and equal legal protection" for private enterprises into concrete policy measures, which strengthens everyone's confidence in making enterprises better and stronger.

The "Opinions" put forward comprehensive strategic requirements for the Internet industry, which provides a development direction for the platform economy and adds determination and motivation to our continuous exploration. Internet companies are an important part of the private economy, and the role of the platform economy in empowering the real economy, promoting technological innovation, and exploring international markets is increasingly prominent. At present, China's platform economy has entered a new stage of development, and the previous development models are being innovated and reshaped. The value of expanding demand, innovative development, employment and entrepreneurship, and public services needs to be fully exerted. The "Opinions" point out that we should "guide the platform economy to develop in an open, innovative, and empowering direction, fill in the gaps and weaknesses, and support platform enterprises in creating employment, expanding consumption, and competing internationally." The requirements of "openness, innovation, and empowerment" anchor the goal of high-quality development of platform enterprises. We will focus on these strategic directions to concentrate our development efforts, adhere to the role positioning of "connector," "toolbox," and "assistant," promote the continuous output of new driving forces for the consumption internet business to expand domestic demand, strengthen the innovation depth of the industrial internet business in the construction of a modern industrial system, and persistently enhance the competitiveness of overseas business with the spirit of "digital craftsmanship."

The "Opinions" express earnest expectations for the high-quality development of private enterprises, further enhancing our sense of mission and responsibility to create value for users, industries, and society. The "Opinions" clearly put forward requirements from improving governance structure, enhancing technological innovation capabilities, accelerating digital transformation and technological upgrading, to participating in major national strategies and fulfilling social responsibilities. This has strongly resonated within us. In recent years, a large number of leading private enterprises have taken "exploring sustainable social value innovation" as the foundation of their entire business, and have based the healthy and sustainable development of enterprises on the "trinity" of "user value, industry value, and social value." In terms of technological innovation, we have proactively expanded from product innovation to basic research and invested heavily in cutting-edge technology research and development. In terms of internal governance, we have made every effort to reduce costs and increase efficiency, and scientifically improve management effectiveness. In terms of fulfilling social responsibilities, we take common prosperity as a strategic guideline, vigorously support national basic scientific research, rural revitalization and talent development, digitalization of public welfare and charity, and actively participate in social undertakings such as elderly care, disability assistance, and public health. By implementing the spirit of the "opinions," we will continue to increase our independent innovation capabilities, actively participate in the integration of data and reality, and strive to play a leading role in the Internet industry.

Currently, there is a surge in general artificial intelligence, and a new round of technological revolution is imminent. We once again embrace significant opportunities for industrial transformation. As a private technology enterprise, we shoulder the important responsibility of promoting technological innovation and driving industrial development. We will take the release of the "opinions" as an opportunity, have confidence in the future, enhance our internal strength, and focus on strengthening technological innovation. We will earnestly practice "technology for the good," actively promote the integration of data and reality, and support the digital transformation of small and medium-sized enterprises. We will demonstrate greater achievements in promoting growth, driving innovation, creating employment, and international competition.