Trump WeChat US Here. Since then, Tencent has added features like video calling, gaming, shopping, the ability to send

[ Trump just banned WeChat for US users. Here’s how the company behind the popular app became a $69 billion behemoth that has a ]
Run by billionaire Pony Ma, Tencent is worth around $69 billion ‘ more than Berkshire Hathaway and Johnson & Johnson, and nearly as much as Alibaba.

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Tencent likely isn’t a household name for many Americans, but it’s one of the biggest firms in Asia and has a stake in everything from video games like “Fortnite” to blockbuster films, including “Men in Black: International,” “Top Gun: Maverick,” and “Terminator: Dark Fate.”‘

Plus, its messaging apps, WeChat and QQ, are used by more than two-thirds of Chinese people, according to Bloomberg.’

Tencent has said it will continue to work with US officials to achieve a “long-term solution,” and that the company “has always incorporated the highest standards of user privacy and data security.”

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Who owns WeChat? Meet Tencent, the $69 billion entertainment giant – Business Insider

As WeChat’s future hangs in the balance and Tencent works to continue operating in the US, here’s a look back at how Tencent got its start in the late ’90s and grew to become one of the most powerful companies in the world.’

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Tencent launched WeChat in 2011 with the goal of allowing users to send messages over the internet, much like WhatsApp. Since then, Tencent has added features like video calling, gaming, shopping, the ability to send mobile payments, and the option to hail a taxi or order food.’

Tencent outright owns Riot Games, the Los Angeles-based studio responsible for two of the world’s biggest games: “League of Legends” and “Teamfight Tactics.”

Publisher: Business Insider
Date: 2020-09-18
Author: Avery Hartmans Ben Gilbert
Twitter: @sai
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Why Jack Dorsey’s days at Twitter may be numbered

The Apple co-founder used his creative talents elsewhere after he was forced out of Apple in 1985, building Pixar into the animation behemoth that it is today and creating his own computing business called NeXT.

Jobs’ return in 1997 facilitated a purple patch for the company that included the launch of the iPod, the iPhone, the iPad, and the iTunes Store.

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The bearded founder was fired from micro-blogging site in 2008 before returning in 2015. In the interim he founded fintech unicorn Square, which he still heads up to this day.

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India smartphone market declined by 50.6% in Q2: IDC

Samsung had launched its first foldable smartphone in February this year, and made the phone available in India October 1 in India Rs 1,64,999. The device comes with a 7.10-inch along with 7.30-inch Dynamic AMOLED display and is powered by a 2.8GHz Qualcomm Snapdragon 855 processor. It has a 12 GB RAM bundled with a 512 GB internal storage. The new foldable device has a 12.0 MP + 16.0 MP + 12.0 MP, triple camera setup on the back and a 10.0 MP + 8.0 MP double camera setup on the front. The device comes with a 4380mAh battery and supports fast charge. The device runs on Android Pie as mentioned by the company. The phone’s 5G version is already available in South Korea, which has commercially launched 5G services.

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Insights From Tencent’s Executives; China Is Back In Business

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The 25 Most-Read Longreads of 2019 | WIRED

Publisher: Wired
Author: Mark Robinson
Twitter: @wired
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