Martin Lau
Matti Matikainen/Sipa USA/AP Images
China
2020

Tencent Holdings

Martin
Lau

President

Lau is not a familiar figure to the public at large, but he has an influential role in many areas of people’s lives as the president of Tencent, starting with their smartphones. At the close of 2019, five out of ten of the most popular games for the devices were developed by the company. Lau is in charge of day-to-day operations for the Shenzhen-based tech conglomerate, which as of 2020 has stakes in 800 companies, 160 of which are unicorns (privately held startups valued at more than $1 billion), along with a market valuation between $410-$690 billion. His current priority is strengthening its leading position in the internet economy across the consumer (games, video content, social media, payments) and industrial (cloud services, financial tech, artificial intelligence) spaces.

Career

  • Goldman Sachs
  • Tencent Holdings
  • WeChat

Education

  • Michigan State University (MI, USA)
  • Stanford University (CA, USA)
  • Northwestern University (IL, USA)

Variety Honors

  • 2017 Variety500 Honoree
  • 2018 Variety500 Honoree
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News from Variety

China's Tencent Defies Regulatory Gloom With $5 Billion Quarterly Profit

China's Tencent Defies Regulatory Gloom With $5 Billion Quarterly Profit

China’s tech giants are supposed to be feeling the lash of the regulators’ tongue as they come under growing anti-trust scrutiny in the areas of pricing, payment methods, and use of data to target shoppers.But third quarter financial data from social media and entertainment titan Tencent instead showed that the company continues to be a profit generating machine.For the three months from July to September 2020, revenues climbed by 29% to $18.4 billion (RMB125 billion). Profit for the period climbed...

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