Tencent boss worried that in the face of ‘significant challenges’ and competition it has ‘achieved nothing’

The behemoth that is Tencent is one of the most dominant players in the game industry, but CEO and co-founder Pony Ma recently acknowledged that the competition is catching up and that recent game launches haven’t lived up to expectations.

Chinese outlet Jiemian (via Reuters) reports that Ma spoke about the threat from other Chinese gaming companies, which, like miHoYo and its global hits Genshin Impact and Honkai Star Rail, have seen greater success than Tencent’s offerings. 

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By asm3a