Tencent Research Institute
 | |
| Formation | October 15, 2007 |
|---|---|
| Founders | Ma Huateng，Zheng Quanzhan |
| Type | Internet policy think tank |
| Legal status | Non-profit corporation |
| Purpose | Policy analysis |
| Headquarters | Shenzhen, Guangdong,China. |
Region | Worldwide |
Official language | Chinese and English |
Dean | Si Xiao |
Chairman of Institute | Guo Kaitian |
Director of Institute | Brent Irvin，Jiang Yang，Cheng Wu，Jiang Bo |
| Affiliations | Branch of Tencent |
| Website | www |
Tencent Research Institute is the first Chinese Internet research institute established by Tencent Holdings Limited.[1] Tencent is China's second-largest Internet company by market capitalization.[2] Its many services include social networking, entertainment, finance, information, and platforms. To ensure the development and innovation capabilities of the company, Tencent established the Tencent Research Institute in 2007.[3] As a social science think tank branch of Tencent, Tencent Research Institute released some data and reports on Internet-related industries, such as mobile payments, smart retail, the digital economy, and AI. As an open and collaborative research platform, it provides research capabilities to support academic research, industrial development, and policy-making.[4]
Overview
In 2007, Tencent invested more than RMB 100 million (about $15 million) in establishing the Tencent Research Institute, China's first Internet research institute, with campuses in Beijing, Shanghai, and Shenzhen.[3][5] Tencent Research Institute has a number of divisions, including the Law Research Centre, Industrial and Economic Research Centre, Centre for Social Studies, Criminal Research Centre, Security Research Centre, Patent and Innovation Research Centre, “Internet+” Innovation Centre, and Postdoctoral Centre.[4] With various products, cases, and data from Tencent, Tencent Research Institute cooperates with Chinese and international institutions and think tanks to study topics such as Internet legislation, public policy, the Internet economy, big data, and other areas. [4]
Research areas
Tencent Research Institute has established six laboratories to study the following areas separately:[3]
1 Data storage technology,
2 Data mining,
3 Multimedia,
4 Chinese language processing,
6 Wireless services.
Research and reports
Mobile payment research
2017 Mobile Payment Usage in China Report：
In August 2017, Tencent Research Institute, Renmin University of China and Ipsos Group jointly released the '2017 Mobile Payment Usage in China Report'.[6] Based on survey data from 324 cities in China and an online survey of 6,595 respondents, the report analyzed their use of mobile payments for daily life, such as transportation, shopping, and food.[7] More than 26% of Chinese carry less than 100 RMB in cash, and even 14% carry no cash. Young people are more inclined to use mobile payments, and women carry less cash than men. The report also analyzed the penetration rate of mobile payments in various industries; mobile payments have the highest penetration rate in cinemas, with over 77% of customers using mobile phones to pay in movie theaters. [8]
White papers on the payment landscape in Southeast Asia：
Tencent Research Institute and UnPAY jointly released a series of white papers on the payment landscape in Southeast Asia. The first paper, published on October 24, focused on the Singapore market, aimed at assisting Chinese payment companies with overseas investment and understanding local regulations and policies.[9] The report is divided into two sections: Legal and Regulatory, and Industry and Market. The Legal and Regulatory section describes Singapore's payment system legislation, regulatory reforms, and the basic situation of Singapore's payment regulators.[10]
The Industry and Market section describes payment method development and retail payment systems in Singapore. Currently, cash remains a common payment method for small transactions, with traditional methods including checks, bank cards, and electronic transfers. Emerging payment methods include PayNow, NETSPay, and SG QR. [10]
China's smart retailing
In 2018, Tencent Research Institute and A.T. Kearney jointly released the China's Smart Retailing Pays Off report. [4]
The report reveals the following four development trends in the retail industry:
- Moving from consumer segmentation to personalization.
- The rise of digitalized shopping journeys.
- The merging of online and offline retailing.
- Data-driven operational upgrades enabled by big data. [4][11]
The report also details three phases of China's smart retail enterprise transformation:
- Infancy: Traditional enterprises begin transformation, improving operational efficiency.
- Growth: Retailers focus on customer-centricity, moving beyond profit and sales.
- Maturity: Companies utilize frontier technology to upgrade their smart retail service models. [4][11]
The report also emphasizes the need for retailers to rethink their positioning, adapting to the digital, scenario-based, hierarchical, and online-offline integrated characteristics of the current retail industry, projecting products into their usage scenarios for immediate customer access. [4]
China's digital economy research
In 2013, Tencent Research submitted a research report to APEC titled China's digital economy: innovation policy and thinking. The report is structured into five sections: New Economy, New Model, New Technology, New Challenge, and New Reflections, respectively introducing China's digital economy, sharing economy, AI development, data protection, and the institute's new reflections. [12]
Middle-aged and older Internet life research
Middle-aged and Older Internet Life Research Report:
In March 2018, Tencent Research Institute and the Chinese Academy of Social Sciences jointly released the "Middle-aged and Older Internet Life Research Report". The report is organized into seven chapters, providing insights into the current internet life of middle-aged and elderly Chinese and their online activities.[13]
Analysis of elderly WeChat users:
In July 2018, Tencent Research Institute and Shenzhen University jointly released a research report on the internet usage habits of Chinese elderly people and the motivations behind using social media. The report highlights the growing use of WeChat by elderly users to communicate with their grandchildren. As of September 2017, WeChat had 50 million users over the age of 55. These users have an average of 104 WeChat friends, with 23.1% being family members.[14]
Key participants
- Ma Huateng: Chairman and CEO of Tencent's Board of Directors.
- Guo Kaitian: Chairman of Tencent Research Institute, Senior Vice President of Tencent Group.
- Brent Irvin: Director of Tencent Research Institute, Vice President and General Counsel of Tencent Group.
- Jiang Yang: Director of Tencent Research Institute, Vice President of Tencent Group.
- Cheng Wu: Director of Tencent Research Institute, Vice President of Tencent Group, former General Manager of Google China Business Market.
- Jiang Bo: Director of the Legal Research Centre of Tencent Research Institute, Vice President of Legal Affairs of Tencent.
- Si Xiao: Dean of Tencent Research Institute (2012–present).[15]
- Zheng Quanzhan: Former Dean of Tencent Research Institute (2007-2012).[3]
Collaborations
1. Tencent Research Institute established joint laboratories with the Institute of Computing Technology at the Chinese Academy of Sciences, Harbin Institute of Technology, and Zhe Jiang University.[3]
2. Since 2012, Tencent Research Institute has co-organized and participated in the 'Peking University, Stanford, and Oxford Internet Law and Public Policy Forum'.[16]
3. In August 2017, Tencent Research Institute, Renmin University of China, and Ipsos Group jointly released the '2017 Mobile Payment Usage in China Report'.[17]
4. On October 24, 2018, UnPAY and Tencent Research Institute jointly released a series of white papers on the payment landscape in Southeast Asia.[9]
5. On January 31, 2019, UnPAY and Tencent Research Institute jointly released a white paper on the Indonesian payment market.[18]
6. In 2018, Tencent Research Institute and management consulting firm A.T. Kearney jointly released the China's Smart Retailing Pays Off report. [4]
7. In March 2018, Tencent Research Institute and the Chinese Academy of Social Sciences jointly released the "Middle-aged and Older Internet Life Research Report".
Reference
- ↑ CHINATECHNEWS. (2007). Tencent Research Institute Formally Opens Retrieved March 21, 2019, from https://www.chinatechnews.com/2007/10/17/5973-tencent-research-institute-formally-opens
- ↑ Statista. (2019). Market capitalization of the biggest internet companies worldwide as of May 2018 (in billion U.S. dollars) Retrieved May 12 2019, from https://www.statista.com/statistics/277483/market-value-of-the-largest-internet-companies-worldwide/
- ↑ 3.0 3.1 3.2 3.3 3.4 Tencent. (2007, October 15). Tencent inaugurates China's first Internet research institute in a bid to develop core technologies. Retrieved March 20, 2019, from https://www.tencent.com/en-us/articles/80155.html
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 A.T. Kearney and Tencent Research Institute. (2018). China's Smart Retailing Pays Off. Retrieved March 23, 2019, from https://www.atkearney.com/documents/20152/1332492/Chinas+Smart+Retailing+Pays+Off.pdf/c16fafc1-6a37-60aa-3ac2-25dd63dc5fac
- ↑ -Intel, Tencent team up for tablet research project. (2011). Internet Business News.
- ↑ Xinhua (2017). "Beijing is China's "smartest city": report". Global Times. Retrieved March 23, 2019.
- ↑ Blackburn, G.N. (2017). "Beijing tops table as China's 'smartest city'". CGTN. Retrieved March 21, 2019.
- ↑ Chongyang Institute for Financial Studies at Renmin University of China, Ipsos, Tencent Research Institute. (2017). 2017 mobile payment usage in china report. Retrieved March 21, 2019, from https://www.ipsos.com/sites/default/files/ct/publication/documents/2017-08/Mobile_payments_in_China-2017.pdf
- ↑ 9.0 9.1 ACN, Newswire (October 24, 2018). "UNPay, Tencent Research Institute Published White Paper on Overseas Payment Markets, Starting with Singapore". ANC. Retrieved March 21, 2019.
- ↑ 10.0 10.1 UnPAY and Tencent Research Institute. (2018). 支付“走出去”系列研究-新加坡零售支付体系。Retrieved March 23, 2019, from https://www.tisi.org/Public/Uploads/file/20181018/20181018123839_80459.pdf
- ↑ 11.0 11.1 He, Sherri (2018). "China's Smart Retailing Pays Off". Retrieved April 27, 2019.
- ↑ Cai, X. (2018, August). China's Digital Economy: Innovation Policies and Reflections. Retrieved March 25, 2019, from http://mddb.apec.org/Documents/2018/EC/EC%20CONF/18_ec_conf_006.pdf
- ↑ Tencent Research Institute and Chinese Academy of Social Sciences. (2018). 中老年互联网生活研究报告 . Retrieved May 12 2019, from https://tengyun.tencent.com/storage/source180712/files/%E4%B8%AD%E8%80%81%E5%B9%B4%E4%BA%92%E8%81%94%E7%BD%91%E7%94%9F%E6%B4%BB%E7%A0%94%E7%A9%B6%E6%8A%A5%E5%91%8A.pdf
- ↑ Ouyang, Shijia (25 July 2018). "Chinese seniors new drivers of digital transformation". Chinadaily. Retrieved 15 May 2019.
- ↑ Tencent Research Institute. (n.d.). Team information. Retrieved March 25, 2019, from https://www.tisi.org/general/team_info
- ↑ "Peking University-Stanford University-Oxford University Internet Law and Public Policy Conference". Peking University-Stanford University-Oxford University Internet Law and Public Policy Conference. 2014. Retrieved March 30, 2019.
- ↑ Xinhua (2017). "Beijing is China's "smartest city": report". Retrieved March 23, 2019.
- ↑ Fintechnews Indonesia. (2019). "UnPAY, Tencent Research Institute Released Whitepaper on Indonesia's Payment Market". Retrieved March 20, 2019.
External links
- Official website of Tencent Research Institute
- Official website of A.T. Kearney
- Official website of UnPAY
- Official website of Ipsos
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