Tencent prepares for transformation, seeks openness and sharing

13:09, December 07, 2010      

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Tencent Inc., China's biggest Internet service provider, is preparing for transformation by seeking more openness and sharing after its row with Qihoo 360, Ma Huateng, Tencent's Chairman of the Board of Directors, said at the 9th China Entrepreneur Summit 2010 on Sunday.

Ma said the dispute between Tencent and Qihoo 360 pushed forward Tencent's decision regarding transformation. On Sunday, Tencent entered into the half-year preparation period and, on June 5 next year, the company will launch many initiatives and activities which will mark the start of the transformation.

On September 27, domestic Internet security company Qihoo 360 said that Tencent's QQ product had secretly scanned users' computers and violated their privacy. Tencent and several partners together sued Qihoo 360 for its illegal competition, and forced its users to uninstall Qihoo 360's security products with its dominating position in China's Internet industry, which led to widespread criticism of Tencent.

The two companies issued apologies and their products are now once again compatible, following an order from the Ministry of Industry and Information Technology.

Source: Global Times


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