Tencent

“Even in China, like every one of the big internet companies has their own claw concept. Like ByteDance has one, Tencent has one Baba has one.”

“Big tech groups in China have been downsizing in the past few years. So this is 20, 21, 20, 22 and 20, 23 for Alibaba, Baidu, Kuaishou and Tencent. And they're all downsizing across those three years.”

“Tencent was a beauty in that, where they started literally with AOL instant messenger that they hacked, and then turned it into a payment system. A social networking system, a mobile video game, and they dominated each of these, and they did one after the next…”

“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…”

“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.”

“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 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…”

“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 …”

“Are we better off selling to those countries, those companies, keeping companies like ByteDance and Tencent, et cetera, in the CUDA ecosystem, rather than allowing all of that data, all of those profits to flow right into the Huawei ecosystem and benefit the C…”

“What's interesting is I do want to point out is Tencent actually has not really been leading in their LLM development at all. In fact, they're the only and first one that have actually integrated Deep Seek into their products into their WeChat, which obviously…”

“Once Tencent integrated Deepseek into their WeChat product, it was like game over for them.”

“And I remember finding a stat, which was QQ was adding something like thirty million subscribers a month, which is still a crazy number, by the way.”

“Tencent is an investor in Krafton before the IPO. And they still maintain some share.”

“Call of Duty Mobile is actually developed by Tencent, although they're using the IP of Activision, for example, right?”

“Tencent's AI machine is a pretty good competitor for GPT-IV in the science or math, but if you ask a question about, you know how do freedom-centered societies perform, it can't answer that question, because the thought of Xi Jinping says this.”

“Where you aggregate demand On an online platform, and then you utilize that demand to leverage the supply side of the, of whatever industry that you're entering. And I think you look at steam and steam shares many of those attributes. And I think that move, wh…”

“If Zuck was a smart guy, he would go to Tencent and cut him a check and buy the whole thing for fifty billion and, you know, buy those guys.”

“Tencent lost a hundred billion in market cap in three days earlier this week as China cracked down on what they call the monopoly in music rights.”

“See, which is like a super app in, in Southeast Asia credits a lot of its innovation and the way they think about app building to Tencent as do Grab, Gojack, and Rappi in Brazil. You know, they credit Chinese tech for, and the way of kind of, you know, buildin…”

“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…”

“Brandon and I didn't control the company at the time. Because we had to raise so much capital prior to launch that we gave up a majority of the equity.”

“In a hundred percent of our growth since that 2011 transaction is organic, right? Like riots never taken on or capitalized the business at all. It's, you know, so like, it's been a sort of, since that period of time, a very profitable. You know, business, but …”

“By the way, Tencent's, 2011 purchase of Riot Games for four hundred million dollars was actually an incredible bargain. League of Legends alone has earned the company nearly ten billion dollars since then.”

“At any given point in time, using mobile as an example, it's not just the top 100 we've cracked, but, you know, the fastest growing game in the world today, Call of Duty, or products like you know, Mario Kart Tour, Pokemon Go, Honor of Kings, the biggest game …”

“Tencent created, I think, some weird admixture of If Netflix was a gaming platform and you were to marry it to a social network, then that's what you have in China. And that may be the future in some significant way in the West.”

“If you look at, for example, China, like Tencent invests in so many use cases that are happening on WeChat, because they can't do everything themselves. It's impossible. And it's not in their DNA as well, right?”

“I think U.S. Companies should be scared because the moment Tencent and Alibaba are already moving into other developing markets and they're going to be incredibly competitive because it's just built into their DNA.”

“I think another really interesting company that's flown under the radar a little bit is, is on on, and that's an insurance company backed by Alibaba and Tencent that's raised almost a billion dollars. And an eight billion dollar valuation, which would make it …”

“There are also ten million different official accounts out there, actually more than ten million, and a lot of them are unable to accept payments, and so once you enter in your payments once on the WeChat wallet you can basically use transactions throughout th…”

“I read a lot of articles that talk about Tencent, and they say that advertising is their main business model but people don't realize if you just look at their financial statements, advertising is less than 10% of their revenues, and 80% of their revenues are …”

“But that interest is coming from not just the major strategics like the Tencent, Alibaba, and the Chihus. They are very active out here, but it's also coming, now I see, from China VCs, and actually even sovereign wealth funds around Asia.”

“This is the revenue distribution for Tencent, one of China's most successful consumer internet companies, the makers of the globally famous WeChat. And yet advertising is still less than 20% of their revenues.”

“And so on WeChat moments, your equivalent of your Facebook newsfeed, they've capped the number of ads to just two per day.”

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

“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.”

“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.”

“Alibaba will call this concept New retail. Tencent will call this smart retail. The main difference being smart retail requires no human intervention.”

“So agency wise, we, right now we deal with big brands especially helping international brands coming to the U S U S market such as Alibaba and Tencent.”

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

“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.”

“So this is the course, the core struggle for almost every single company, except for maybe Google, Facebook, Amazon, Tencent, that has to deal with all these types of issues.”

“Most companies out there, their own data represents, like, point oh one percent of the world. It's, unless you're Google, Facebook, Amazon, Tencent, a couple of others, you have a very small sliver of what's happening in the world.”

“One of the engineers on our China growth team built a WeChat bot. WeChat's, you know, like a mess, the messaging app, or the Facebook of, sorry, the Facebook, and also the Internet of China, really. And so we built this WeChat bot, Where, as a driver, you coul…”

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