Tencent CEO warns companies must keep innovating to survive amid US-China tensions – TechCrunch

What happened: Pony Ma, founder and CEO of Chinese tech giant Tencent, said at a Tencent event Tuesday that he is keeping a close eye on whether the escalating trade dispute between China and US will turn to a tech war. The tech tycoon also stressed the importance of investing in fundamental research and key technologies. Without innovation in these key aspects, China’s digital economy will be a “high-rise built on sand” and “hard to sustain.”

“China has come to the forefront of development. There is less and less room for taking the best from outside and improving on them,” Ma said.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.