<p>Tencent (700) held its 2025 annual employee meeting yesterday (26th), where Chairman and CEO Ma Huateng shared a summary of the company's business over the past year and strategic thoughts, as well as outlook for work in 2026. He mentioned that Tencent has exited its investments in JD.com (9618) and Meituan (3690), and Liu Chiping has also stepped down from the boards of the related companies.</p>
<h2>ChatGPT and DeepSeek Change the AI Process</h2>
<p>According to reports from domestic media, Ma Huateng reviewed Tencent's rebound over the past few years, noting that during the pandemic from 2021 to 2023, the industry entered a winter period. Tencent proposed &#34;focusing on core business, reducing costs and increasing efficiency, and building strength,&#34; and quickly returned to growth in the following years while continuously increasing investment in AI. Ma Huateng believes that ChatGPT and DeepSeek have changed the development process of AI, but each company's genes and physical conditions are different. Tencent's style is to proceed steadily, with the core being long-term product competitiveness and user experience. The company is currently carefully considering various business sectors and platforms, continuously illuminating new skills.</p>
<h2>Rebuilding the AI R&amp;D Team and Introducing Former OpenAI Researchers</h2>
<p>He mentioned that Tencent has made a series of adjustments in AI infrastructure and talent structure over the past year, during which some issues were discovered, with the core reason possibly being insufficient infrastructure. At the same time, the company has gradually rebuilt the entire AI R&amp;D team, including the introduction of former OpenAI researcher Yao Shunyu.</p>
<p>In addition to AI exploration across various business platforms, TEG (Technology Engineering Division) and CSIG (Cloud and Smart Industry Group) are the main forces behind Tencent's AI and intelligentization. Ma Huateng indicated that Tencent will consider large models and AI products in an integrated manner, and in the future, will adopt cross-functional, stationed, and co-design logic for product and organizational design.</p>
<h2>Opposing &#34;Black Industry Plugins&#34; and Insisting on Decentralization</h2>
<p>Ma Huateng also rarely commented on the Doubao phone jointly launched by ByteDance and ZTE, as well as the linkage of Alibaba's Qianwen and various businesses under Alibaba. He stated that Tencent has consistently opposed the use of &#34;black industry plugins&#34; to record users' mobile phones and computer screens to the cloud, as this is &#34;extremely unsafe&#34; and &#34;irresponsible.&#34; He also believes that Alibaba has leveraged its advantages, which is commendable, but there are drawbacks, as users may not necessarily prefer a one-stop solution, and not all services within the ecosystem are the best in the industry. Regarding the public's concern about the AI intelligence of the WeChat ecosystem, Ma Huateng indicated that in the future, Tencent will continue to insist on decentralization, considering user needs and privacy security in planning WeChat's intelligent ecosystem, allowing everyone to use it with peace of mind.</p>
<h2>Hoping Users Can Relive the Joy of Snatching Red Envelopes</h2>
<p>On the other hand, Ma Huateng revealed at the meeting that Yuanbao is about to launch a new AI social gameplay called &#34;Yuanbao Party,&#34; aimed at exploring the deep integration of AI technology in multi-person social scenarios. Based on AI exploration and attempts in Tencent Meeting, it will create a &#34;social space&#34; where AI can entertain and collaborate with user groups. At the same time, Tencent will open up massive content such as QQ Music and Tencent Video to Yuanbao users, allowing users to establish their own &#34;parties&#34; in Yuanbao and start a new AI social experience
He also pointed out that Yuanbao hopes to convert the saved marketing expenses into red envelopes for users to share, allowing users to relive the joy of grabbing red envelopes in the past</p>

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<p>Tencent announced at the 2025 annual employee meeting that it has exited its investments in JD.com and Meituan. Ma Huateng emphasized that the company will steadily develop AI, focusing on user experience and product competitiveness. Tencent is rebuilding its AI research and development team and is bringing in former OpenAI researchers to enhance AI infrastructure. Ma Huateng also opposes the "black market plug-in" approach, believing it to be unsafe and irresponsible</p>

- Tencent held its annual employee meeting for 2025, where CEO Ma Huateng discussed a business summary and strategy for 2026, noting exits from investments in JD.com and Meituan.  
- He emphasized Tencent's focus on product competitiveness and user experience while acknowledging the impact of AI advancements like ChatGPT and DeepSeek, revealing restructuring in AI research teams.  
- Tencent plans to launch a new AI social feature called "Yuanbao Society," integrating AI into social interactions, while maintaining a commitment to user privacy and decentralization.

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Tencent reportedly has exited its investment in JD.com, focusing on steady progress in AI development. Ma Huateng: Users may not necessarily like the "all-in-one package."