The person who broke the news revealed that in order not to impact the company's image and reputation, Tencent will try to pull off a layoff by discontinuing product lines, for instance, Paipai, Tencent's Taobao counterpart will be trimmed down, more services will be outsourced to 3rd parties, no new recruitments after quitting and so on. It's understandable the company was planning to scale down Paipai since B2C has make it to the main stream in the ecommerce space. Taobao just announced to rebrand its Taobao Mall to Tianmao (or Sky Cat), the largest B2C entity in China, a move that to many signals the cat want to get listed.