In this segment from Industry Focus: Tech, analyst Dylan Lewis is joined by Fool.com contributor Danny Vena to discuss Chinese tech titan Tencent (NASDAQOTH:TCEHY).
A full transcript follows the video.
This video was recorded on May 18, 2018.
Dylan Lewis: Why don’t we start off talking about a company that we mentioned last week, Tencent?
Danny Vena: Dylan, Tencent is a company that’s probably not that well-known to U.S. investors unless they have a particular focus on China. Tencent is one of the largest video game and social media companies in the world in terms of revenue. And it bears saying that there’s a dynamic, when you talk about the United States, you talk about apps, we have a different app for everything. We have apps for social media, we have separate apps for messaging, we have separate apps for each video game. In China, the dynamic is a little bit different, particularly with Tencent. Tencent has what’s called a social messaging app. This app has over a billion users. A billion. That’s of the 1.3 billion population of China, so that’s pretty substantial penetration, there.
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