Motley Fool
....Tencent is best known as the maker of WeChat (also called Weixin), the most popular messaging app in China with 963 million monthly active users (MAUs). But it also owns the older PC messaging platform QQ, which still has 850 million MAUs, and the social network Qzone, which has 606 million MAUs. Tencent is also the largest video game publisher in the world by revenues. Its gaming portfolio includes the e-sports juggernaut League of Legends , the mobile hit Clash of Clans , and major stakes in publishers like Activision Blizzard . Those growth engines enabled Tencent to post a multi-year streak of double-digit sales and earnings growth. Analysts expect the company's revenue and earnings to respectively rise 52% and 51% this year.
Tencent's biggest advantage is its ecosystem . The company expanded WeChat into a "super app" for ride hailing, food delivery, mobile payments, games, and various other services -- which cuts search giants like Baidu and app store owners like Apple out of the loop. That strategy locks in users and makes Tencent a consistently disruptive force in the Chinese tech market." |
