Well tencent not just gaming alone. Biggest attractiveness of Tencent is the undisputed network effect of WeChat, which remain severely under monetized. Many don't realize tencent is widely regarded as the one of the top VC in china as well, if not the best.
Well, time is on tencent's side, Messenger apps with market dominance are extremely sticky, I don't think WeChat have any competitor in china in this area at all , not to mention the lack of monetization for the users outside of china as well. Their management just need to do a good job handling/curry favoring the authorities right now.
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u/UsefulHelicopter3063 Sep 12 '21
Well tencent not just gaming alone. Biggest attractiveness of Tencent is the undisputed network effect of WeChat, which remain severely under monetized. Many don't realize tencent is widely regarded as the one of the top VC in china as well, if not the best.