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https://en.wikipedia.org/wiki/Tencent https://en.wikipedia.org/wiki/Tencent $500+ BILLION market cap, and stakes in a lot of top companies. Imagine if they tru

https://en.wikipedia.org/wiki/Tencent https://en.wikipedia.org/wiki/Tencent $500+ BILLION market cap, and stakes in a lot of top companies. Imagine if they truly entered the US /EU market

giacaglia 9y ago
They are trying: https://www.technologyreview.com/s/608578/can-wechat-thrive-in-the-united-states/ https://www.technologyreview.com/s/608578/can-wechat-thrive-...
- tryingagainbro 9y ago
  Not gonna happen IMO. If they start to succeed, expect stories of how everything is being spied on by the Chinese govt. Which is a legitimate concern. No Google or FB in China, no TenCent in USA either...
  - kevin_thibedeau 9y ago
    As opposed to all the American spy... analytics companies?
    - tryingagainbro 9y ago
      Missed my point: First it is only fair. You cause problem for our Google and Facebook expect the same. That's fairness and economic patriotism. Not to mention that Google and Facebook "own" or can own US Congress and Senate. Hearings will start in days. I believe that in authoritarian regimes you have ZERO choice or recourse. See Russia or Al-Waleed in Saudi Arabia. They will simply shut you down, break you in a gazillion pieces. In USA you have courts at least. Have you noticed that Google is pushing encryption all over the web to make NSA's job harder or impossible? Let Alibaba or TenCent help thwarting FSB or China's security services
      - vfulco 9y ago
        This was great perspective and excellent points. Love that the Silicon Valley boys are redoubling efforts in this area.
  - vfulco 9y ago
    As it should be, quid pro quo, fair trade...
seanmcdirmid 9y ago
Tencent can’t even effectively enter non-mainland Chinese markets (HK, Taiwan, Singapore, etc...) or the countries surrounding the PRC (Cambodia, Myanmar, Vietnam, India, Russia, Korea, ....). Their scope is very china limited, where they have no experience competing with international contenders.
- rxin 9y ago
  WeChat is pretty big in Hong Kong now. I was on Hong Kong MTR last week and half of the people standing around me used WeChat within 10 mins.
  - seanmcdirmid 9y ago
    Still not as big as Facebook in the SAR. Also, none of the other functions work beyond mobile payments for mainland tourists.
  - baybal2 9y ago
    No stores in HK accept weixin wallet, so it is kinda useless

https://en.wikipedia.org/wiki/Tencent https://en.wikipedia.org/wiki/Tencent $500+ BILLION market cap, and stakes in a lot of top companies. Imagine if they truly entered the US /EU market

giacaglia 9y ago

They are trying: https://www.technologyreview.com/s/608578/can-wechat-thrive-in-the-united-states/ https://www.technologyreview.com/s/608578/can-wechat-thrive-...

tryingagainbro 9y ago
Not gonna happen IMO. If they start to succeed, expect stories of how everything is being spied on by the Chinese govt. Which is a legitimate concern. No Google or FB in China, no TenCent in USA either...
- kevin_thibedeau 9y ago
  As opposed to all the American spy... analytics companies?
  - tryingagainbro 9y ago
    Missed my point: First it is only fair. You cause problem for our Google and Facebook expect the same. That's fairness and economic patriotism. Not to mention that Google and Facebook "own" or can own US Congress and Senate. Hearings will start in days. I believe that in authoritarian regimes you have ZERO choice or recourse. See Russia or Al-Waleed in Saudi Arabia. They will simply shut you down, break you in a gazillion pieces. In USA you have courts at least. Have you noticed that Google is pushing encryption all over the web to make NSA's job harder or impossible? Let Alibaba or TenCent help thwarting FSB or China's security services
    - vfulco 9y ago
      This was great perspective and excellent points. Love that the Silicon Valley boys are redoubling efforts in this area.
- vfulco 9y ago
  As it should be, quid pro quo, fair trade...

seanmcdirmid 9y ago

Tencent can’t even effectively enter non-mainland Chinese markets (HK, Taiwan, Singapore, etc...) or the countries surrounding the PRC (Cambodia, Myanmar, Vietnam, India, Russia, Korea, ....). Their scope is very china limited, where they have no experience competing with international contenders.

rxin 9y ago
WeChat is pretty big in Hong Kong now. I was on Hong Kong MTR last week and half of the people standing around me used WeChat within 10 mins.
- seanmcdirmid 9y ago
  Still not as big as Facebook in the SAR. Also, none of the other functions work beyond mobile payments for mainland tourists.
- baybal2 9y ago
  No stores in HK accept weixin wallet, so it is kinda useless