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Home / Daily News Analysis / Pony Ma explains Tencent’s vision for the future of the internet as Chinese tech giant searches for growth

Pony Ma explains Tencent’s vision for the future of the internet as Chinese tech giant searches for growth

Sep 04, 2026  Twila Rosenbaum 19 views
Pony Ma explains Tencent’s vision for the future of the internet as Chinese tech giant searches for growth

Two years after Tencent Holdings founder Pony Ma Huateng first floated the concept of "immersive convergence" and described it as the future of the internet, the Chinese technology giant has finally explained what the phrase truly means.

The term, originally "quanzhen internet" in Chinese, appeared in Tencent's annual brochure in 2020. Ma defined it as "the next wave of upgrade after the first decade of the mobile internet" and spoke of it as a solution that could "incubate a new industrial ecology and shape a new way of life" through the linkage of virtual and real worlds. At that time, however, few outside the company fully understood what Ma intended, and he largely declined to elaborate.

In late September 2022, Tencent published a white paper in collaboration with consultancy Accenture, giving substance to the concept. The document explains that immersive convergence differs from the better-known metaverse because it places less emphasis on consumer-facing virtual experiences and more on solving practical problems in real-life scenarios, especially for businesses.

Key facts

  • Tencent CEO Pony Ma first coined "quanzhen internet" — translated as "immersive convergence" — in the company's annual brochure in 2020.
  • The concept describes the next stage of the internet, after the mobile internet era, linking virtual and real worlds.
  • In 2022, Tencent and Accenture published a white paper explaining the concept in detail.
  • Immersive convergence focuses mainly on business and industrial applications, rather than consumer metaverse experiences.
  • Representative applications include Tencent Meeting, digital factories, and artificial intelligence use in finance.
  • Tencent sees its own history as a connector from the personal computer era to the mobile internet era, and now into immersive convergence.

What is immersive convergence?

Immersive convergence can be understood as a deep integration between the digital world and the physical world. Unlike a purely virtual reality, it does not ask users to escape into a simulated universe. Instead, it uses digital systems — powered by cloud computing, artificial intelligence, extended reality and other technologies — to improve physical operations.

Ma offered his clearest remarks yet in the white paper, saying: "The door to the future of 'immersive convergence' is opening with continuous breakthroughs in software and hardware technologies, such as cloud computing, artificial intelligence, and extended reality." He added: "Tencent has been a connector from the personal computer era to the mobile internet era, and we hope to use digital technologies to enhance the real world in the journey of 'immersive convergence'."

That framing suggests a deliberate shift away from earlier visions of the internet as a destination separate from daily life. In the PC era, users logged on to the internet through desktop computers. In the mobile era, connectivity moved into the pocket. Immersive convergence aims to weave digital capabilities into the fabric of industry, urban infrastructure and professional workflows.

How immersive convergence differs from the metaverse

The term "metaverse" became a global technology buzzword in 2021, when Meta Platforms chief executive Mark Zuckerberg renamed Facebook and predicted that an immersive virtual world would dominate the next chapter of the internet. In the metaverse vision, users interact with one another through digital avatars inside persistent 3D environments, attending concerts, buying virtual land or conducting business in simulated spaces.

Tencent's immersive convergence is a different generational narrative. It borrows some technologies associated with the metaverse, such as augmented reality and mixed reality, but it grounds them in everyday practical challenges. Instead of replacing reality, immersive convergence is meant to serve as a bridge between online capabilities and offline outcomes.

The white paper makes it clear that business-focused scenarios take priority. That is a crucial distinction, especially as Chinese regulators in 2021 and 2022 began scrutinising consumer internet companies over issues ranging from gaming to data security, and supported firms that can demonstrate contributions to the real economy.

Concrete applications and early examples

Tencent identifies several early examples of immersive convergence in action. One of the most familiar is Tencent Meeting, the company's video conferencing tool. While video calls feel ordinary, the deeper point is how digital interaction can lower physical travel and create new ways for teams to collaborate across distances. In a broader sense, Tencent Meeting is a gateway into a more integrated digital-physical workplace.

Another application is the digital factory. By creating digital twins of physical production lines, manufacturers can simulate operations, monitor equipment in real time, and troubleshoot problems without stopping production. Tencent has experimented with such capabilities through its cloud and industrial internet businesses. In a digital factory, artificial intelligence can analyse enormous streams of data from sensors, predict maintenance needs and optimise energy use. These are not theoretical abstractions; they are clear examples of tools that address pain points in real companies.

The use of artificial intelligence in finance also appears in the company's list of representative cases. Banks and other financial institutions can apply machine-learning models to detect fraud, assess credit risk, and customise services for clients. Here again, the pattern is the same: digital intelligence is not used to create an alternate world but to make an existing one safer, more efficient and more responsive.

Tencent's historical path

Tencent has always evolved in response to changes in internet infrastructure. The company was founded in 1998, at the tail end of the PC internet wave. Its earliest product was an instant messaging tool called OICQ, later renamed QQ, which grew into one of the largest online platforms ever created in China. Tencent then used QQ as the foundation for an entertainment and social empire that included gaming, virtual items and digital content.

When the mobile internet arrived after the introduction of Apple's iPhone and the rapid adoption of smartphones in China, Tencent had to adapt quickly. It launched WeChat in 2011, and the app soon became the country's most essential digital utility. WeChat combined messaging, social feeds, mobile payments, mini-programmes and entertainment, turning Tencent into a true connector for individuals and businesses.

That same connector mentality now underpins Tencent's approach to immersive convergence. In the PC era, Tencent connected individuals to each other. In the mobile era, it connected users to services and businesses. The next era, according to Ma, should extend that role to immersive digital systems that can make the physical world more intelligent.

Commercial strategy and industrial internet push

Tencent's interest in immersive convergence is not purely conceptual. The company has been reorganising its operations around industrial internet, cloud services, smart retail, healthcare, education and other sectors. Since 2018, Tencent has periodically described its strategy as making a "consumption internet" and "industrial internet" push at the same time. Immersive convergence fits naturally into this narrative because it promises a direct path from technology development to commercial value.

The choice of Accenture as a collaborative partner is also meaningful. Accenture, one of the world's largest consulting and professional services firms, has extensive expertise in helping large enterprises implement digital transformation. By publishing the white paper together, Tencent is signalling that immersive convergence is intended for an enterprise audience — chief technology officers, government officials, industry associations and corporate decision-makers — rather than only consumer markets.

Tencent's cloud computing unit has experienced significant growth, although it also faces fierce competition from Alibaba Cloud and Huawei Cloud. A clearer articulation of immersive convergence could give Tencent a distinctive framework for integrating its cloud offerings with its communication tools, corporate software, AI capabilities and entertainment assets.

Why immersive convergence matters now

The timing of the white paper is not accidental. The widespread adoption of remote work and digital collaboration tools during the Covid-19 pandemic accelerated the integration of digital technologies into business operations. Many organisations discovered that cloud meetings, online approvals and automated processes could keep productivity high even under restrictions.

At the same time, hardware breakthroughs have gradually changed the price and performance equations for extended reality devices. Lightweight head-mounted displays, more sophisticated sensors and smarter computer vision systems have brought immersive experiences closer to the mainstream. Ma's comments acknowledge this by pointing to continuous breakthroughs in software and hardware technologies as the key that is "opening" the door to immersive convergence.

China's policy environment has also pushed technology giants to focus on industrial applications. Authorities in Beijing have repeatedly said that large internet platforms must contribute to the "real economy." Platforms that demonstrate value in advanced manufacturing, clean energy, logistics and financial services can find themselves more aligned with national development goals than those that merely optimise consumer entertainment.

Regulatory and social context

Tencent's decision to emphasise immersive convergence may also be interpreted as a response to a regulatory crackdown that began in late 2020 and continued through 2022. China's regulators imposed stiff fines on several internet companies, revised digital platform rules and curbed expansion areas such as gaming and financial technology. In this environment, a long-term technological vision that stresses productivity, manufacturing and practical value can serve as an effective bridge to government expectations.

For Tencent's current position in Chinese society, demonstrating a clear sense of purpose is important. The company has already gone through a major philosophy shift under Ma's leadership. At every public appearance, he has described Tencent as a company that wants to integrate deeply into China's economic transformation. Immersive convergence effectively gives a name to that philosophy and should help outsiders understand what Tencent's next phase of research and investment is likely to emphasise.

Implications for the future

The white paper does not promise that immersive convergence will happen overnight. It is likely to require years of systematic development by many companies, not only Tencent. Cloud infrastructure, data interoperability, privacy protection and industry standards all need to mature before physical and digital systems can be linked together at scale.

Even so, the concept has practical consequences for how observers should understand Tencent's future. When the company invests in artificial intelligence laboratories, cloud-computing data centres, enterprise software products, or augmented-reality development tools, it is not exploring disconnected businesses. These investments all feed into the same strategic goal of building a digital layer that can enhance the physical world.

For business customers, the importance of immersive convergence is that it provides another way to think about technology return on investment. A company that adopts Tencent Meeting or a digital-factory service can measure improved efficiency, lower travel spending, reduced downtime or higher production quality. As the white paper explains, these tools solve practical issues in real-life scenarios. That formula is easier to sell to a finance director than an abstract promise of a new virtual universe.

Before any individual compares Tencent's vision with the metaverse, it is worth remembering that both concepts rely on many of the same underlying technologies. In the future, immersive convergence and the metaverse could even influence each other. The games and entertainment worlds that Tencent already operates may eventually become places where people practice skills or conduct virtual rehearsals for physical activities. Conversely, the data generated in physical environments could be used to enrich virtual experiences. Ma's concept, however, is first and foremost about what digital technology can do for the tangible world.

In explaining immersive convergence, Tencent appears to be giving a clear answer to a fundamental question: how can a company that grew up on messaging, gaming and social media make itself indispensable in the next era? The answer is to reposition itself not as the owner of the next online platform, but as a technology partner for a society and economy that increasingly cannot tell where the digital realm ends and the physical one begins. The white paper is the clearest statement so far of that determination.


Source:South China Morning Post News


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