Asia Pacific, News, Technology, The Rich

Tech Executive’s Pay in Tencent Surpass Apple & IBM

Tech Executive’s Pay in Tencent Surpass Apple & IBM

Tencent paid an unidentified individual HK$311 million (US$40 million) in pay and bonus last year, a 13% increase from its highest 2015 renumeration of HK$274 million. That exceeds the HK$201 million that CK Hutchison Holdings paid last year to its co-managing director Canning Fok Kin-ning.

“During its 18th birthday last November, the company gave 300 shares to each employee, valued at a combined HK$1.7 billion.”

~ South China Morning Post

The renumeration has also exceeded other US technology companies, including Amazon, IBM, Apple, Twitter and Intel. Founded in 1998, Tencent is known to be generous. During its 18th birthday last November, the company gave 300 shares to each employee, valued at a combined HK$1.7 billion.

Related Report: South China Morning Post

About Tencent

Founded in November, 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.

Visit: Tencent

 


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