Fortune has released a list of China’s 50 most influential business leaders: Ren Zhengfei tops the list and Ma Huateng ranks third

2022-05-31 0 By

Ren Zhengfei, founder of Huawei, Ma Huateng, chairman and CEO of Tencent, and Wang Chuanfu, chairman and president of BYD Company Limited, are among the top 10 entrepreneurs in Shenzhen, according to fortune Chinese’s 2022 China’s 50 Most Influential Business Leaders list released on April 8.Over the past year, China’s business leaders have not only responded to the crisis with tenacity and courage, but also planned the future with vision and confidence, which is their responsibility as entrepreneurs and the honor bestowed on them by The Times, Fortune commented.The top three are Ren Zhengfei, founder of Huawei, Zhang Yiming, founder of Bytedance and Ma Huateng, chairman and CEO of Tencent, according to the list.Jack Ma, founder of Alibaba, ranked sixth, followed by Wang Chuanfu in seventh place.Among the entrepreneurs on the list, the oldest is ren Zhengfei, 77, and the youngest is Zhang Yiming, 39.Other Shenzhen entrepreneurs on the list include Li Dongsheng, founder and chairman of TCL (no. 26), Yu Liang, chairman of the board of China Vanke Co.,Ltd. (No. 31), and Wang Wei, chairman and general manager of SF Holding (No. 36).Ren zhengfei, 77, is still looking for a winter coat for Huawei, Fortune said.More than 20 years ago, when the dotcom bubble was sweeping the world, he wrote in his widely circulated article “Huawei’s Winter” : “Whoever has cotton-padded clothes survives.”In 2021, Huawei encountered colder weather, with sales falling 29 per cent year on year and its consumer end business nearly halving due to a series of sanctions, including chip supply cuts.In the face of the special political and economic climate, Ren Zhengfei proposed a multi-line attack of “productive grain”. In 2021, Huawei will launch hongmeng and Euler operating systems, enter the field of intelligent vehicles, expand in photovoltaic and energy storage projects at home and abroad, and set up five teams such as intelligent roads and coal mines to deeply cultivate the digitalization of the industry.Even in difficult times, Huawei paid out more than 50 billion yuan in dividends to employees at the beginning of the year of the Tiger, although the price of dividends per share fell to 1.58 yuan from 2.11 yuan and 1.86 yuan in the previous two years.As for Ma huateng, Fortune said: Due to changes in the external environment, Tencent faced challenges. For the whole year of 2021, Tencent achieved revenue of 560.118 billion yuan, up 16% year on year, and net profit (non-IFRS) of 123.788 billion yuan, up 1% year on year, which was the lowest net profit growth of Tencent in the past decade.Tencent has shifted its focus from the Internet economy to the integration of the physical and digital economy. Last year, Ma Huateng proposed the concept of user, industry and society (CBS) as a trinity.Entering the third decade of the 21st century, two changes are taking place simultaneously, he said. First, a series of technological capabilities brought about by technological progress are rapidly improving, including cloud, artificial intelligence and virtual reality, as well as biotechnology and new energy.The other is the change in demand brought about by social, economic, cultural and technological developments.As of February 1, 2021, Tencent has become the most valuable company in China with a market capitalization of HK $6.83 trillion. Pony Ma and Pony Ma Global Foundation hold a total stake of 8.42%.At the same time, Tencent has grown into a new giant of investment and m&a, investing in more than 800 enterprises, and the value added of assets will exceed the sum of other business profits.The top three entrepreneurs on the 2021 list are Zhang Yiming, Ren Zhengfei and Ma Huateng.Read: Sun Shijian