Word: tencent
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...also true of several other domestic Internet companies that are moving swiftly to capitalize on Google's - choose one - self-inflicted wound/inspirational stand. Numerous sources says both Sohu.com - a Yahoo!-like website founded by MIT graduate Charles Zhang - and a hugely successful instant-messaging company called Tencent Holdings are already aggressively trying to hire Google China staff. (Google China declined to comment.) Neither has much of a presence in search, with less than 1% of the market each. But the two companies were investing significantly in search even before Google's ultimatum in January, and are now obviously even more...
Analysts believe that of the two, Tencent is in the better position to capitalize, given its dominant position in China's booming instant-messaging business. According to estimates by Analysys International, nearly 70% of China's 400 million Internet users use instant-messaging, and of those, 80% use Tencent's system, known as QQ. That's the major reason that Tencent's market capitalization is bigger than Baidu's, and an insider at the company acknowledges that search "is very much" a target of opportunity...
...engine to Google, is most in the news lately; others include web portal and entertainment companies Sina and Netease; on-line, multi-user gaming company Shanda (which recently made an acquisition of an American gaming company and plans to expand to the United States); internet and mobile applications giant Tencent; and a host of others, some public, some still in start-up mode. (See the best business deals...
...sneakers for the world. While that gritty image represents Shenzhen's past, entrepreneur Pony Ma is a harbinger of its future. The 34-year-old Ma is an Internet tycoon with a fortune of nearly $500 million, thanks to the success of the Shenzhen company he founded in 1998, Tencent, China's largest instant-messaging service with 532 million registered users. The company's home is a tidy, landscaped campus where employees, the best and brightest from universities in Beijing and Shanghai, come to work in blue jeans instead of sewing them together in sweatshops. Some of the software engineers...
...tech entrepreneur has a $190 million fortune. But Ma is embarrassed by the text messages he has received from lovelorn Chinese girls. "I don't want to attract too much attention," he says. That's hard to avoid these days. Ma is the founder and CEO of Tencent Holdings, which operates China's largest instant-messaging service, with 355 million users. In June, Tencent made an IPO in Hong Kong. While many recent China issues have flopped, Tencent shares are up 58%. Ma quit his job at a paging company in 1998 and, with four friends and total combined savings...