Tencent President Liu Chiping: there is no need to over analyze the independence of the WeChat e-commerce team.

Tencent President Liu Chiping responded to the establishment of the e-commerce product department in the Tencent WeChat business group during a Q1 conference call. He said that the latest organizational adjustment was actually a minor adjustment. "In fact, our WeChat e-commerce team was originally incubated from the open platform department and gradually expanded in scale over time. Now we are simply officially separating the two, making the e-commerce team an independent department, but still under the management of the same person. So, this is not a major change, and I don't think it needs to be overinterpreted," said Liu Chiping.