Year in review: Major business events in 2018

Tencent's structural adjustment for industrial upgrading

Internet giant Tencent announced a restructuring in September, highlighting its two newly established groups: the Cloud and Smart Industries Group for a digital upgrade of the internet industry, and the Platform and Content Group for integrated development between social contact and internet content.

Martin Lau, president of Tencent, said, "The internet is about to go into the second half with all walks of life embracing a larger industrial upgrade. In the next 10 years, the entire society will move from the consumer internet to an industrial internet."

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