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Over 10,000 Tencent employees get Huawei Mate Xs foldable phone as holiday gift

Phate Zhang Oct 3, 2020 20:29 GMT+8

Over 10,000 Tencent employees get Huawei Mate Xs foldable phone as holiday gift-CnTechPost

Tencent Group's PCG (Platform and Content Group) is celebrating the National Day and Mid-Autumn Festival by giving away Huawei foldable phones to its employees.

On September 30, Tencent PCG celebrated the second anniversary of Tencent's transformation by giving all employees a Huawei Mate Xs folding screen phone worth RMB 16,999 ($2,500) each.

With 11,900 employees in Tencent's PCG business group, the total value of the anniversary celebration reached RMB 200 million.

Some employees said, "No need to replace the iPhone 12, thanks to the company's National Day and Mid-Autumn Festival double gift package".

Why would Huawei prefer to sell Mate Xs at a loss?

A PCG employee told the media that only a few lucky employees got the phone on the anniversary day, and most of them had to make an appointment to get the phone after the National Day.

PCG is one of the two new business groups Tencent established in 2018 when implementing the "930 Change", PCG (Platform and Content Business Group) was formed by integrating the former Social Network Business Group (SNG), the former Mobile Internet Business Group (MIG) and the former Online Media Business Group (OMG), aiming to "Rooted in the consumer Internet" content.

Huawei's website shows that the Huawei Mate Xs China Edition (8GB + 512G) is priced at RMB  16,999, however, it is not in stock and the latest open time for purchase is October 5 at 10:08 am.

On JD.com, it has been priced at over RMB 20,000.

On second-hand trading site Idle Fish, Tencent's custom version of the Huawei Mate Xs is listed for a transfer price of RMB 18,500.

Tight supply of Huawei Mate Xs creates gray market

#Huawei#Huawei Mate Xs#Mate Xs#Tencent
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Phate Zhang
Phate is the founder of CnTechPost and the main author of the site. He has been reporting in Chinese and English since 2009, focusing on macroeconomics and capital markets. He is also a tech enthusiast, and it is his interest to follow tech industry developments.
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