Wu Xiaoguang, one of the masterminds behind Tencent’s core product, the instant messaging software QQ, was appointed CEO of Tencent’s E-commerce Holdings in the company’s restructure back in May. Seven months later, Mr. Wu was interviewed by local media CBN, and he talked about his strategic views regarding his division in 2013.

The macroeconomic uncertainty and downward trend of 2012 has negatively affected investment decisions and consumer market in China. However, the  e-commerce biz was the exception to the rule, as it jump. “It is very likely that a new wave of e-commerce players from traditional industries will be the main driving force in the following year. Vertical integration between internet and offline business will surely be the way to go in the future.” said Mr. Wu.

The e-commerce biz arm under Mr. Wu’s charge is independent from other Tencent subsidiaries.  takes charge of is an independent subsidiary excluded from the six groups Tencent has now. Is there any strategic implication of this arrangement? Wu explained the strategic implication of this arrangement by summarizing the e-commerce arm’s development in the past six years:

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Charlie Sheng

动点科技驻湾区记者. Charlie is an entrepreneur based in San Francisco and Hong Kong who calls herself the undefeated caffeine champion. You can reach her at charlie.sheng (at) technode.com