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Comment by tryingagainbro | Hacker News Reader

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

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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.

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.

Still not as big as Facebook in the SAR. Also, none of the other functions work beyond mobile payments for mainland tourists.

No stores in HK accept weixin wallet, so it is kinda useless

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

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...

As opposed to all the American spy... analytics companies?

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

This was great perspective and excellent points. Love that the Silicon Valley boys are redoubling efforts in this area.

As it should be, quid pro quo, fair trade...

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