# Tencent Docs

The Leaky Boat: Tencent Docs Retrenches as AI Competition Strains the Tech Giant

Tencent is closing its Beijing office for Tencent Docs and consolidating the team in Shenzhen to focus on AI and B2B monetization. The move follows a significant decline in market value and CEO Pony Ma's admission that the company is struggling to keep pace in the high-stakes AI race.