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What Valley Companies Should Know about Tencent
- mungdiboo 16y agoThe valuation of any company that lists on the chinese stock exchange is highly suspect.
- derekc 16y agoOvervalued or not, Tencent is gold.
- thijsterlouw 16y agoActually it lists in Hong Kong. Tencent has always shown good growth figures (see http://tencent.com.hk http://tencent.com.hk )
- quadhome 16y agoAlthough a bit sensationalist, articles like this recall the fact that China will "soon" be a huge market effectively invisible to the English-speaking world. http://en.wikipedia.org/wiki/List_of_languages_by_number_of_native_speakers http://en.wikipedia.org/wiki/List_of_languages_by_number_of_... English does well for itself. Better if you include that it's effectively the unifying language of the eurozone. http://www.alexa.com/topsites/countries/CN http://www.alexa.com/topsites/countries/CN There's QQ. But what English-speaking tech companies are making inroads into China? Microsoft, Google (who "pulled out") and Amazon.cn (a '04 acquisition) are the big ones I see. It it a matter of money to get the foot in the door?
- hawflakes 16y agoUm, eBay tried and failed. I worked for PayPal China and it's been a rough slog for them. The only inroads for them was all the cross-border stuff. Alibaba (the other big Chinese Internet giant) accepts PayPal now. http://online.wsj.com/article/SB10001424052748704464704575207782010723048.html http://online.wsj.com/article/SB1000142405274870446470457520...
- SkyMarshal 16y agoTencent has also made forays in online payments and ecommerce, but it has had the least success in that category. The company isn’t giving up. I met with Tencent’s CTO Jeff Xiong in Hong Kong last week and when I asked him what the company’s core strength was, he answered “patience.” Good answer.