Tencent further reduced costs and increased efficiency. On May 20, the surging news reporter learned from insiders that Tencent has issued the notice on the organizational structure adjustment of ovbu sports business department to adjust Tencent's sports business, including:**
- Cancel the basketball business center / basketball operation group; 2. Cancel the football business center / football operation group; 3. Cancel the comprehensive business and large project center / comprehensive large project operation team; 4. Cancel the marketing center; 5. Cancel the product center / value-added product group; 6. Cancel the platform R & D center / recommended platform group and platform R & D center / portrait and algorithm group.
According to the internal letter, the reason for this change is based on the changes in the external market environment and the adjustment needs of the company's business, combined with Tencent's decision on the overall organization optimization.
Ovbu refers to the online video business unit, which belongs to Tencent platform and content business group (PCG). Tencent has not yet made a public response to the matter.
Previously, on May 18, Tencent announced its first quarter financial report, with a revenue of 135.5 billion yuan, basically flat year-on-year. Under non IFRS, the net profit was 25.5 billion yuan, a year-on-year decrease of 23%, and the net profit fell for three consecutive quarters.
In the financial report, Tencent CEO Ma Huateng said that Tencent has implemented cost control measures and adjusted some non core businesses, which will help to achieve a more optimized cost structure in the future.
Liu Chiping, President of Tencent, also talked about the topic of cost at the performance meeting. He said that the cost structure will not be adjusted blindly, nor will it be adjusted casually due to the pressure brought by short-term temporary factors. "In the short-term adverse wind environment, it will continue to control costs, but the goal of overall cost optimization is to face the long-term, and Tencent also has a clear optimization focus."