The Chinese Social Network
▻https://hackernoon.com/the-chinese-social-network-bb282204af9c?source=rss----3a8144eabfe3---4
An origin story of Tencent and Chinese internet companiesSource: Fast CompanyTencent is among the largest technology companies in the world. According to The Verge, it is the most valuable company of any sort in Asia.Tencent owns WeChat, the “everything app” with almost 1 billion users — many of which are active for more than 4 hours a day. Bloomberg Businessweek says that’s more than the average time spent on Facebook, Instagram, Snapchat and Twitter combined.Tencent was founded by Ma Huateng (Pony Ma) with 4 of his friends in the city of Shenzhen during the late nineties. If you grew up or live in #china, the WeChat and QQ apps represent your social media, your teenage years, your wallet, your professional updates, your shopping sprees and your food-ordering experience all at once.The (...)