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The INSANE story of Tencent – a controversial MagnatesMedia enterprise film probably the most beneficial corporations on the planet. This enterprise has many accusations in opposition to it – from getting used for surveillance and censorship, to anti-competitive monopolistic enterprise methods & crushing the competitors. It is a loopy rags to riches entrepreneurial story, going from solely $1000 and the brink of chapter to turning into one of many richest strongest corporations ever. That is the rise and fall of a enterprise empire. That is the untold historical past of Tencent.
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In case you have a look at the world’s most precious corporations, you gained’t be shocked to search out the likes of Apple, Microsoft, and Google. However one identify does stand out: Tencent. The corporate is value greater than the likes of Fb, Mastercard, and Samsung, and but when you requested nearly all of individuals what Tencent does, you’d be met with a confused look. The reality, is that Tencent does every little thing. As a result of while Tecent’s mascot is a friendly-looking penguin – a extra correct animal to embody this conglomerate can be an enormous octopus, with tentacles reaching into virtually each business you possibly can consider, everywhere in the world. Whether or not you notice it or not, you virtually actually use services or products Tencent is concerned with.
Nonetheless in Tencent’s residence nation of China, it’s a really completely different story; everyone seems to be conscious that Tencent dominates their lives. And that’s as a result of in China, Tencent has achieved the seemingly unimaginable: one app to rule all of them. Tencent created an app referred to as WeChat that is been dubbed ‘the every little thing app’ as a result of virtually all of China’s 1.4 billion inhabitants use this app for a mean of 4 hours day-after-day, greater than the common American consumer spends on all social media apps mixed.
And the explanation individuals in China use WeChat a lot is as a result of it’s principally each app you possibly can consider rolled into one. Its basically Fb, PayPal, Whatsapp, Netflix, Google, Spotify, Uber, Yelp, Tinder, Zoom, YouTube, Deliveroo, Amazon and plenty heaps extra multi functional single app. You pay your payments by means of it, name your mates by means of it, and basically stay your total life by means of it. Nonetheless one single firm gaining access to actually all of your information – out of your precise location to your total financial institution historical past to each message and name and search you’ve ever made – it’s quite a bit. After which it will get worse whenever you notice that the road between the place Tencent ends and the Chinese language authorities begins, is blurry. That means, the Chinese language Communist Celebration (CCP) has entry to all that info as properly, making WeChat probably the most highly effective surveillance instruments ever.
Plus, non-public messages and pictures which are despatched by means of Tencent’s apps like WeChat are scanned to see in the event that they have to be censored – when you say something the Chinese language authorities doesn’t need you to, you possibly can find yourself in jail, or disappear. The Chinese language authorities has even overtly confirmed that it could entry deleted WeChat conversations.
Tencent has used its huge wealth and assets to broaden into many industries. They’re additionally the most important gaming firm on the planet – with income considerably larger than any competitor. Gaming is only one of numerous completely different industries Tencent operates in. Additionally Tencent’s Funds division is almost as massive as PayPal’s total enterprise. And its reported WeChatPay generates over 1 billion cost transactions per day – greater than Visa and Mastercard. However it’s solely lately that the West has began to grasp the affect Tencent – and thus China – even have… On this enterprise documentary, we’ll reply questions like: What’s Tencent? What does Tencent do? How did Tencent and different Chinese language companies get so massive?
The Secret Chinese language Firm That Owns… All the pieces?
Tencent – The Craziest Firm You Do not Know About
The Penguin That Modified China Eternally
The Chinese language Firm That Owns All the pieces
The Secret Chinese language Firm That Owns All the pieces
00:10:21 Chapter 1: QQ & The Mysterious Founding father of Tencent
00:21:12 Chapter 2: Microsoft vs Tencent
00:24:19 Chapter 3: Out Of Management
00:33:38 Chapter 4: WeChat: One App To Rule Them All
00:44:11 Chapter 5: Surveillance, Censorship & Management
00:53:25 Chapter 6: Tencent vs TikTok
00:56:27 Chapter 7: Empire
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1:06:11 Chapter 8: Tencent vs China
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1:14:12 Chapter 9: The Way forward for Tencent
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