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I am genuinely curious, Tencent (of China) looks very similar to Yahoo! esp. being portal business, why are they flourishing and why the heck can Yahoo! not cop

by sremani 11y ago

I am genuinely curious, Tencent (of China) looks very similar to Yahoo! esp. being portal business, why are they flourishing and why the heck can Yahoo! not copy Tencent's strategy. It looks very obvious to me, that Yahoo should be more like Tencent and probably have Hulu/Vimeo, Whatsapp/Telegraph or whole slew of mobile apps and games etc.

azurezyq 11y ago
Tencent is one of the most successful social network company ever, which Yahoo is nowhere close. The social as of Tencent as a business has been good for years. If Yahoo just copies the product and the strategy to launching more social + mobile apps, it still needs more years until successful (if it can). Think about G+.
pcr0 11y ago
Well, it helps that Tencent simply had to observe the West then copy them for product ideas, due to China's isolated Internet. ICQ/MSN? QQ eBay? PaiPai WhatsApp? WeChat Dropbox? Weiyun PayPal? TenPay Uber? Dididache Those are just copies of Western products, they even have an extensive history of copying other Chinese companies to the point that the CEOs of Alibaba and SINA have accused Tencent of blatant copying. In response, quoting straight from Tencent's CEO and chairman: "[To] copy is not evil." They do have quite a bit of innovation too, but I'd say the company is about 50% copy and 50% innovation.