How Tencent, The 'Chinese Facebook,' Compares To Its US Counterpart

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China-based Tencent reported second-quarter results earlier this week. The company is considered by many to be the "Facebook Inc FB of China" since it controls most of the biggest social media platforms in the country, WeChat/Weixin and QQ.

Sites like Facebook, Instagram and Snapchat are banned from China, which gives Tencent a near monopoly in the social media space. But Tencent is more than just a handful of social media apps; it's also considered to be the biggest gaming company in the world, according to PC Games Network. More recently, Tencent bought a 5 percent passive stake in Tesla Inc TSLA.

So just how big is Tencent compared to its American peers?

Tencent and fellow Chinese company Alibaba Group Holding Ltd BABA continue to battle each other for the title of China's most valuable technology company, Statista noted. This would imply Tencent is valued at around $420 billion (based on Alibaba's capitalization on Thursday), which does fall short of Facebook's $488 billion valuation.

Facebook also has an advantage in terms of revenue and net income. Facebook's net income for the first half of 2017 totaled $7.0 billion on $17.4 billion compared to Tencent's net income of $4.8 billion on revenue of $15.7 billion.

Facebook boasts the biggest social media app in the planet. Its core-Facebook platform has 2.006 billion monthly active users, compared to Tencent's WeChat/Weixin which has 963 million monthly active users.

You will find more statistics at Statista

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Posted In: TechMediaChinaChina Social MediaFacebook MAUInstagramTencent
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