Tencent Summery

In 1998, Pony Ma, the co-founder of China's hosttest Internet company created the "QQ"which has reached more than 100 million users, or nearly 80 percent of the market.Tencent is also worrying the Chinese government, which strictly regulates the Internet and is wary of the Web’s ability to mobilize huge online political communities or perhaps to nurture underground economies. A few weeks ago, Q-Coins available which allow customers to shop online for games, music and even virtual furniture. It also an example for the convergence culture because it just use as the massenger at first, now Tencent combines aspects of the social networking site MySpace, the video sharing site YouTube and the online virtual world of Second Life, it make America’s biggest Internet companies, like Yahoo, Google and eBay, have largely flopped in China.Tencent earns the bulk of its revenue from the entertainment services it sells through the Internet and mobile phones. Next, in the United States, roughly 70 percent of Internet users are over the age of 30; in China, it is the other way around — 70 percent of users here are under 30, according to the investment bank Morgan Stanley. Furthermore, in 2006, the Q-cooins rised the profit of Tencent from 200% to 221%. Finally, the article wrote about the Pony Ma. I like his logion:“There are a lot of opportunities in the market now,” he said. “The leader of the market today may not necessarily be the leader tomorrow.”