[photopress:tencent_1.jpg,full,alignright]China’s Internet company, Tencent, has greater dominance in its home market than any other Internet company in world, including Google.
Tencent was founded in 1998 by college friends in Shenzhen, and led by Ma Huateng. Its all-in-one packaging of entertainment offerings and mobile instant-messaging service has reached more than 100 million users, or nearly 80% of market. Its stock price has soared since company went public in Hong Kong — the company has a current market value of $7 billion.
It caters for regional and cultural difference. For example, America’s Internet users send e-mail messages and surf for information, while in China priority for Internet users is entertainment. Which might partly explain why America’s biggest Internet companies, like Yahoo, Google and eBay, have largely flopped in China.
Another distinguishing feature of China’s online community is its age: 70% are under 30, while in United States 70% of the online community are over 30.
Source: New York Times
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