From IM to Everything, Tencent and its QQ family
I noticed a new title for Mr. Ma. That is “the enemy of .com”.
Mr. Ma, CEO of Tencent (HKSE:0700.HK), became more and more aggresive and want to reach for every single market segment in Internet.
QQ is the core competence of Tencent’s business. QQ is the leading IM sofeware in China, 60% of chinese IM user stick with QQ all the time.
Before, QQ was OICQ, a chinese version of ICQ, after the argument of copyright with ICQ. QQ became Tencent’s new brand for its IM, during the past years, QQ beated most of the chinese IM softwares.
But now, QQ is far more than just an IM. Tencent already grew its portal QQ.com, online game, online payment tool ( like paypal ), wireless value-addeed service….
Mr. Ma and his tencent even reach to C2C business with its paipai.com
Another Mr. Ma from Alibaba started to complain about Tencent and it paipai.com. So did many other .com CEOs.
Tencent is digging every single resource through it QQ IM. They just follow other .com’s steps, re-create their business model. Most of the .com will like to say that’s simply “copy”.
That’ why Mr. Ma and it Tencent became “the Enemy of the .com”.
For sure, we can find his QQ family growing bigger and bigger.
Chinese IM IM QQ Tencent