The Tencent vs government Puzzle

Tencent is the largest internet company in China and it might be also the most misunderstood one. I chatted with a friend in Hong Kong yesterday. And she asked whether Chinese government will suppress Tencent. This is not the first time I heard about such query. A few months ago, a hedge fund manager asked whether Chinese government would take control of Tencent, given it has such an important position in China. “It has more users than China Mobile,” he said.

Yes, given Chinese government like to control everything important, the doubt is reason.

But, I don’t think Chinese government has anything to gain by taking over or suppress Tencent, if control is what it wants.

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