Tencent Is Now the Most Valuable Company in Asia (fortune.com) 31
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.
I Have A Dime (Score:2)
It's Mine!!!
Company Names (Score:3)
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??"
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It's the G in Alphabet. So it's in the list.
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Samsung also makes automated gun turrets. That makes them the coolest company ever, no matter what their value is on paper.
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Samsung regardless of the shit quality of their products
This isn't an Apple fan site.
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Samsung regardless of the shit quality of their products actually manfacuters something tangible
Tangible products tend to have low margins, since they directly compete with other products. Intangible social networking products have far more value because they are in a "winner take all" market. WeChat totally dominates in China. It is way more than just a Facebook replacement. As a voice app, it places most phone calls in China. It is also a ecommerce platform, with its own currency and escrow service. It is like Facebook+Twitter+Skype+eBay+Amazon+Paypal in a market of 1.2B people. It is so entre
Crazy (Score:2)
that a game, social media data mining company can be more valuable than a company that produces tangible items/products.
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What's crazy is that all this data mining shit is beating open protocols and Free Software (e.g. XMPP). How did it go so wrong?
Yet they still have, essentially, no help desk (Score:2)
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.
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Even though my Chinese friends rely on QQ I have given up on it.
I have never had any problems with it. I used QQCoin to buy my daughter a virtual dog. She wanted a real dog, so I told her I would get her one if she could care for her virtual dog for 6 months. She was doing well, but then we went on vacation, and she forgot to suspend it. When we returned, the dog had starved to death. There was just a pathetic little pile of pixels in the corner of the screen. My daughter was so sad that she cried herself to sleep every night for a week.
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Tencent: Everyone has control but the user (Score:2)
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
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Wasn't easy to find, and very manual. That said, I finally found the option and after about an hour of clicking little boxes, I got (what I hope are) all of the messages transferred.
They limit each transfer to 100 messages.
So you are correct.
The secret to success: (Score:3)
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.
Madness (Score:2)
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,
Who holds ARM Holdings? (Score:2)