AsiaInfo Services
05-31-2011
Former Chief Analyst of Goldman Sachs to Join Tencent
BEIJING, May 31, 2011 (SinoCast Daily Business Beat via COMTEX) -- Reportedly, James Mitchell, the chief analyst of Goldman Sachs, is about to join Tencent as the CSO, the same position Liu Zhi was appointed when joining Tencent. Liu Zhi is Tencent's present general president.
Some insiders with celebrity have shown different opinions to this matter. Kai-fu Lee, an executive officer of IT industry and investigator of computer technology, said that Goldman Sachs's analysis of Chinese network was not accurate, which showed in February that Tencent's share worth was USD 78, but in March Tencent's share worth increased substantially, and Goldman Sachs increased its assessed value to USD 115. This shows that Kai-fu Lee did not think highly of Games Mitchell's action.
Some of the insiders think that the joining of Games Mitchell indicates that Tencent is launching its products internationally. Some comment that this help Tencent reorganize and consolidate its personnel and improve the operating efficiency.
Source: www.qq.com (May 31, 2011)
KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Internet & Online Services
Instant Messaging Programs
SinoCast China Business Daily news
Games Mitchell
CSO
Kai-fu Lee
operating efficiency
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