Tencent Expanding from China to the World Nikhil Celly WH Lo 2013
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In 2011 Tencent Holdings Ltd. Offered its shares in China to the world’s top Chinese firms, Alibaba Group Holdings Ltd. next page Held 50 percent, Softbank Group Corp. Held 19.3 percent and Tencent 15 percent. After this sale, Tencent was only 19% of the shareholding, that was the major concern of the Tencent’s management. In the year 2013, Tencent made its global strategy by launching in US and
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1. Company Name – Tencent: Tencent is China’s leading internet company, with a wide variety of internet applications and services. It is one of the largest internet platforms, operating various internet products and services in the Chinese market. Its name means “seven animals” in Chinese. 2. Company Background: Tencent was founded in 1998, and since then it has grown to become the largest online gaming platform in China with over 550 million registered users in 2011. It has also expanded beyond the Chinese market with over
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Tencent, a Chinese tech giant, operates in a complex global environment of different market and business environment. The company has identified the world market as the next major opportunity for its businesses, and in this essay I intend to outline the main strategies Tencent has employed to pursue this goal. Geopolitical Environment The Chinese economy has been growing at an impressive pace since 2000, and it still accounts for the largest part of the world economy (World Bank, 2012). Despite a slow
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“It is with immense pleasure that I am presenting the case study on Tencent, an internet giant from China. Tencent, commonly known as “QQ,” was founded in the year 1998, and since then, it has established itself as a leading force in the technology industry. Throughout its existence, Tencent has focused on improving its product offerings and expanding its reach across different platforms, making it a force to be reckoned with. The company is based out of China, but it has an increasing presence in many other countries around the
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Case Study Analysis Tencent: A Success Story Tencent, the Chinese internet company with over 350 million active users, recently completed a successful Initial Public Offering (IPO) on the Hong Kong Stock Exchange. The company’s total offering price (FPO) was HKD 30 billion ($4 billion) in January 2013, and it was a record breaking IPO by a Chinese Internet Company. The IPO attracted more than 1.8 billion Hong Kong dollars worth of orders and was oversubscri
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In recent years, Tencent (TPC) has been a driving force in Chinese telecommunications and IT industry. With an excellent brand and market position in China, TPC has made its way to the global market with its services like QQ, WeChat, and Tianya, which have made a significant impact on China’s telecommunication and e-commerce markets. The company, with more than 440 million active users worldwide, has been growing steadily since its incorporation in 2004. With the growth in users and re
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The rapid rise of Tencent as a Chinese e-commerce firm has not been restricted only to the country’s borders. In the past year, the company has grown from a mere online-marketing business to an online-retail giant across three continents. The Chinese internet conglomerate has recently announced its expansion to the world markets as a part of its plans to enter the global market. click over here now The move is aimed at broadening its user base globally and strengthening its position in the global e-commerce arena. While it is a bold strategy, the