Ma Huateng Quotes
Look at Microsoft, Google, and Facebook. They have all entered many sectors, and actually, in many of those sectors, they weren't as early as Tencent.
Wu, Xiaobo. Tencent: The Inside Story of China's Highest-Valued Company. Translated by Matt Turner, LID Publishing, 2017, p. 168.
This is an important quotation because Ellison, one of the best businessmen in the world is also much more candid than most others. Here he admits that he strives to achieve monopoly status for his company. Almost all large businesses try to become monopolies so that they do not have to compete on price, quality, and service. Few will admit publicly that much of their effort goes towards an objective that is detrimental to the nation and society and in is in large part illegal.
Ma Huateng, also known as Pony Ma, is a Chinese billionaire business magnate. He is the founder, chairman and chief executive officer of Tencent, Asia's most valuable company, one of the largest Internet and technology companies, and one of the biggest investment, gaming and entertainment conglomerates in the world. The company develops China's biggest mobile instant messaging service, WeChat, and its subsidiaries provide media, entertainment, payment systems, smartphones, internet-related services, value-added services and online advertising services, both in China and globally.