Facebook looks in mirror and sees Tencent staring back: opinion


  • TECH
  • Thursday, 23 Nov 2017

Wooing the Chinese crowd: Facebook, Twitter, Instagram and Google are all blocked in China but that has not stopped Silicon Valley CEOs from becoming frequent visitors to China as they attempt to warm Beijing up to the possibility of doing business in the Middle Kingdom.

Facebook and China's Tencent are entrenched among the global technology elite, and they are more alike than at first glance. 

Yes, the two companies are quite different businesses. Facebook Inc makes nearly all of its US$36bil (RM147.98bil) in annual revenue from selling advertising to companies eager to reach the 2 billion people who use its internet hangouts each month. 

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