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Tencent Is Now the Most Valuable Company in Asia (fortune.com)
Chinese web firm Tencent, which has stake in apps such as messaging clients WeChat and India's Hike messenger, has become the most valuable company in Asia. The company has been racing neck-and-neck with Samsung and China Mobile in the recent times but thanks to some strategic moves and aggressive expansion, and also some bad moves by its rivals, there's no one bigger than Tencent in Asia anymore. Fortune reports:Samsung has flagged over the last few days, however, after it had to issue a recall for its flagship Note 7 handset because of reports about battery fires. But stock in Tencent has continued to surge, rising 3.8% in Hong Kong on Monday. That took it to a valuation of HK$1.976 trillion ($255 billion). That jump takes Tencent narrowly past the market cap of China Mobile, and into the same premier league of public corporations as U.S. tech giants Apple, Alphabet, Microsoft, Amazon and Facebook. The Chinese e-commerce group Alibaba is not far behind, with a current valuation of around $250 billion.
It's Mine!!!
But I'd prefer Treefiddy.
Definitely because of league of legends...
into the same premier league of public corporations as U.S. tech giants Apple, Alphabet, Microsoft, Amazon and Facebook.
In before "How is Google not on that list??"
Samsung regardless of the shit quality of their products actually manfacuters something tangible such as vacuum cleaners, microwaves, washing machines, silicon chips and even oil tankers. How can a zero tangible product company like Tencent be more valued than a real one?
that a game, social media data mining company can be more valuable than a company that produces tangible items/products.
by TheSpoom (715771) Uncaring Linux user here. I have nothing to add to this but please continue. *munches popcorn*
Even though my Chinese friends rely on QQ I have given up on it. If I connect to QQ with a proxy server on, the account is frozen. It has happened several times. I can remember to turn the proxy server off; however, forget once, and that account is locked forever and I have to make a new account and inform everyone of the account change.
It is not really usable to me, a help desk could fix it in minutes; but there isn't one.
A coworker who regularly works in China finds WeChat to be the most effective semi-real time communication channel, a requirement when we are installing or supporting new installations.
As one who likes recordkeeping, I've been looking into ways to offload the informal but valuable information in the chat sessions. A bit of Internet searching has revealed that it might be possible to decrypt the database (apparently an encrypted sqlite3 db) given mobile device identification but it takes lots of extra effort and probably violates both DMCA and the EULA.
As far as I can tell, TenCent has ensured that the customer cannot save records of their own conversations.
I am suspicious of any organization that knows how to decode my conversations while simultaneously preventing me from keeping my own record of those conversations.
That jump takes Tencent narrowly past the market cap of China Mobile, and into the same premier league of public corporations as U.S. tech giants Apple, Alphabet, Microsoft, Amazon and Facebook. The Chinese e-commerce group Alibaba is not far behind...
Make sure your company's name starts with the letter A.
ARM Holdings is one of the best examples of a successful British company going out and developing technology that is the best in the world - and taking on the world and succeeding.
Given the broader context happening in the UK at the moment (specifically our nation voting to secede from the EU via the "Brexit" Referendum of June), you would think that the UK Government, through departments such as the "Department for Business, Innovation and Skills", would have fought tooth and claw to keep this valuable, profitable and innovative company in British hands.
But sadly no. It would appear that no sooner do we build up valuable market leadership in a worldwide market, then we are happy to flog it off the back of a barrow...
Hangs head in shame...
Why, is it no longer British? Under which country is it now?