ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Tencent's Ma looks for online domination

GUANGZHOU, China  -- Ma Huateng has the fear for all the right reasons.

     The CEO of Tencent Holdings said last November, "Our stock price is so high that it frightens me." Tencent's stock price in October temporarily reached a level 80% higher than at the end of 2012. The company has the highest market capitalization of any Asian Internet company.

Ma Huateng, CEO of Tencent Holdings

     The popularity of WeChat, the company's chat application, helped push up Tencent's stock price. The number of people registered for the service exceeds 600 million. More than 300 million use it monthly. The number of users is likely to this year continue growing through overseas marketing and the spread of smartphones in China.

     Tencent's chat app is unrivalled in China. Abroad, companies such as Japan's Line are challengers. The company expanded in 2013 into online shopping on WeChat, and faces competition from Alibaba Group, China's largest e-commerce company. There is still a long way to go before Ma's company has trul;y pulled away from the pack.

     Ma, an engineer, is known for his calm and cool personality.

 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media