12/6/2023 0 Comments Tencent wechat daus wechat chinaIn fact, even before this sharp fall, some reporters were asking if Tencent “lost its fantasy” by focusing on venture development rather than natural innovation.Īs the market drew to a close on Wednesday, Tencent announced a 2 percent reduction in second-quarter profit on lower gaming revenue and speculative growth. Tencent has lost 29% since offering HK $ 476.6 in January this year, a discount of US $ 170 billion from the close price on Wednesday, which will be trading at HK $ 336. Since sending off WeChat’s official in January 2011, Tencent’s market capitalization has increased tenfold.Īnd, the organization has become a hindrance. The seven-year-old application also has a significant development framework in transforming Shenzhen-based Tencent Positions, the tech giant behind China, into one of China’s most powerful organizations and gaining speculation around the world. Today, you can even do routine checkups or create a mastermind of a scheduled vacancy to apply for a joint venture authority. Over 1 billion monthly active clients talk, mess, shop, read news, pay for dinner and publish their music and photos. From this point of view, it has developed into one of the most popular versatile applications in the nation. WeChat, or Vixen, as it is known in China, began life in October 2010 at Tencent Guangzhou Exploration and TaskFocus, a southern corner of the nation. It is nothing but exaggeration to say that it is a fundamental part of their daily presence. Many people outside China are either still unaware of WeChat or believe that it can be compared to the well-known intelligence management WhatsApp or online networking Goliath Facebook.
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