Tencent

“Tencent, for instance, historically continues to not monetize just through ads. 50% of its revenue comes through microtransactions”

“The top three exert An almost disproportionate influence on the market relative to even Amazon or Google in the US.”

“There are some cloud services companies like Ching Cloud and uCloud, which are big enough at the moment and have enough customers where they might be able to stay independent.”

“People often forget that 55% of Tencent's revenues come from games.”

“Tencent's WeChat was created on mobile, and it's probably the most valuable digital asset in the world today.”

“It's unlikely, for example, that both Alibaba and Tencent will come into the same company, and if one backs a company, then you can expect that the other will back a competing company in the space.”

“What I see happening more recently is not that those companies are copycatting and trying to kill startups. They're trying to identify the startups that have breakout potential and get money into them and invest in them as soon as possible.”

“Prior to Tencent acquiring a majority stake in the company at a reported 10.2 billion dollar acquisition price, Ilka raised over one hundred and forty three million dollars for the company from Excel, Index, Atomico, IVP, LVP, Initial and Lifeline to name a fe…”

“The Tencent deal took me three years. After that point it's just a big corporate, right? It's just take a long time. And it's the same thing from the, WeChat paid department. They were like, why can't we build ourself? So they end up built like essentially wha…”

“The deal was stored and Sequoia was not willing to invest until Tencent kind of make a decision and are basically running out of money.”

“Tencent and Sequoia said, we want to lead another round. So they basically lead a 400 dollar at a four hundred million dollar pre they invest eighty million dollars, so a 404 hundred eighty million dollar post. So they basically, but at that time the business …”

“So we got the investment the day after that. And then obviously you know, Sequoia and then Mastercard also came in with the, with Tencent.”

“The founder of Tencent didn't approve. After three months process, RCO pass you know, he just basically is like, because the idea is that this is going to help Tencent to do global, you know, VHAP settlement. And then Pony, the founder was like, why can't we b…”