Tencent surpasses Facebook in valuation a day after breaking $500B barrier

The first time I heard of Tencent Holdings was earlier this year. They are holding company with business across many verticals. I heard of them because one of their businesses had copied a game for the Chinese market without giving the original developers their due. And it turned out they were quite notorious for it: https://en.wikipedia.org/wiki/Tencent#Copying_claims

Here's their presentation on how they protect/respect IPs: https://www.tencent.com/legal/html/en-us/property.html

And this is just tip of the iceberg.

If people think EA is bad with it's monetisation policy, wait till they try one of Tencent's games.

And if someone thinks FB is bad and addictive, try reading about this company and it's grasp in China.

General trends in past year have seen Chinese comapines Temcent and Alibaba shoot up from below top 10:

https://en.m.wikipedia.org/wiki/List_of_public_corporations_...