Review: Tencent reflects China's blunted tech edge [Reuters]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Reuters
The People's Republic was long known for churning out cheap manufactured goods, while spawning corporate copycats which took full advantage of the country's vast market, domestic protectionism, and a relative lack of intellectual property rights. Over the last decade, the rise of internet giants like Tencent (0700.HK) exposed the flimsiness of the stereotype. The problem is that they became so powerful they drew Beijing's ire. “Influence Empire: Inside the Story of Tencent and China's Tech Ambition” by Lulu Yilun Chen tracks the company's evolution into a $350 billion social media and gaming behemoth. What started as a Chinese replica of ICQ, an instant chat platform invented by five Israelis, is now WeChat, a superapp that offers news, music, games, videos and payments and is used by more than 1.2 billion people. Its features were often far ahead of American rivals. According to Chen, Tencent staff mocked Facebook's business model: “When you have a billion users, the last thing you
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website