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Is it true or not that Ma Hua Teng stepped down as the legal person and executive director of Tencent Credit Information?
First of all, Ma did not step down as chairman of Tencent's board of directors. Ma Hua Teng just no longer serves as the legal representative and executive director of Tencent Credit Information, which means that Ma Hua Teng only stepped down as the legal representative and executive director of a subsidiary of Tencent, which is completely different from Ma Yun's withdrawal from the whole Alibaba.

Due to the external cooperation and financing, the release of internal rules and regulations, large purchases, reimbursement, etc. The legal representative and executive director are required to sign, and many founders of large enterprises don't have so much leisure time, so many founders of subsidiaries are not legal representatives. For example, the legal representative of JD.COM. COM companies are basically not Liu, and most of the corporate legal persons of Ali and Ant Financial are not Ma Yun, including Tencent.

There are three main situations in which founders pretend to be the legal representatives and executive directors of subsidiaries: First, these subsidiaries are the most important link in the ecological chain, and the founders pretend to let people in the company know how much they value the company, thus increasing the tendency of resources and the serious attention of employees; Second, the development of subsidiaries has entered a stable level, occupying its own position in the market, which can be delegated to the right-hand man of subordinates to control; Third, the development of subsidiaries failed. After many efforts, it has never been able to occupy a place in the market where the subsidiary is located. As a last resort, I gave up this development and left my job, such as Tencent Pat.

To sum up, Ma Hua Teng's resignation as the legal representative and executive director of Tencent Credit Information and Ma Yun's resignation as chairman of Alibaba's board of directors are two different concepts. Ma Hua Teng is only a category of corporate governance. Ma Hua Teng didn't quit Tencent, while Ma Yun officially quit Ali's management. The two are different in nature. Actually, it is understandable that Ma Yun is at least 55 years old, while Ma Hua Teng is not yet 50 years old, so it is basically impossible to retire so early.