The Secret Chinese Company That Owns Everything
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The INSANE story of Tencent - a controversial MagnatesMedia **** movie looking at one of the most valuable companies in the world. This **** has many accusations against it - from being used for surveillance and censorship, to anti-competitive monopolistic **** strategies & crushing the competition. It's a crazy rags to riches entrepreneurial story, going from only $1000 and the brink of bankruptcy to becoming one of the richest most powerful companies ever. This is the rise and fall of a **** empire. This is the untold history of Tencent.
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If you look at the worldโs most valuable companies, you wonโt be surprised to find the likes of Apple, Microsoft, and Google. But one name does stand out: Tencent. The company is worth more than the likes of Facebook, Mastercard, and Samsung, and yet if you asked the majority of people what Tencent does, youโd be met with a confused look. The truth, is that Tencent does everything. Because whilst Tecentโs mascot is a friendly-looking penguin - a more accurate animal to embody this conglomerate would be a giant octopus, with tentacles reaching into almost every industry you can think of, all over the world. Whether you realize it or not, you almost certainly use products or services Tencent is involved with.
However in Tencentโs home country of China, itโs a very different story; everyone is aware that Tencent dominates their lives. And thatโs because in China, Tencent has achieved the seemingly impossible: one app to rule them all. Tencent created an app called WeChat that's been dubbed โthe everything appโ because almost all of Chinaโs 1.4 billion population use this app for an average of 4 hours every day, more than the average American user spends on all social media apps combined.
And the reason people in China use WeChat so much is because itโs basically every app you can think of rolled into one. Its essentially Facebook, PayPal, Whatsapp, Netflix, Google, Spotify, Uber, Yelp, Tinder, Zoom, YouTube, Deliveroo, Amazon and lots lots more all in one single app. You pay your bills through it, call your friends through it, and essentially live your entire life through it. However one single company having access to literally all your data - from your exact location to your entire bank history to every message and call and search youโve ever made - itโs a lot. And then it gets worse when you realize that the line between where Tencent ends and the Chinese government begins, is blurry. Meaning, the Chinese Communist Party (CCP) has access to all that information as well, making WeChat one of the most powerful surveillance tools ever.
Plus, private messages and images that are sent through Tencentโs apps like WeChat are scanned to see if they need to be censored - if you say anything the Chinese government doesnโt want you to, you could end up in jail, or disappear. The Chinese government has even openly confirmed that it can access deleted WeChat conversations.
Tencent has used its vast wealth and resources to expand into many industries. They are also the largest **** company in the world - with revenue significantly higher than any competitor. Gaming is just one of countless different industries Tencent operates in. Also Tencentโs Payments division is nearly as big as PayPalโs entire ****. And its reported WeChatPay generates over 1 billion payment transactions per day - more than Visa and Mastercard. But itโs only recently that the West has started to realise the influence Tencent - and thus China - actually have... In this **** documentary, we'll answer questions like: What is Tencent? What does Tencent do? How did Tencent and other Chinese ****es get so big?
The Secret Chinese Company That Owns... Everything?
Tencent - The Craziest Company You Don't Know About
The Penguin That Changed China Forever
The Chinese Company That Owns Everything
The Secret Chinese Company That Owns Everything
00๐ฑ0๐ฑ0 Prologue
00:10:21 Chapter 1: QQ & The Mysterious Founder of Tencent
00:21:12 Chapter 2: Microsoft vs Tencent
00:24:19 Chapter 3: Out Of Control
00:33:38 Chapter 4: WeChat: One App To Rule Them All
00:44:11 Chapter 5: Surveillance, Censorship & Control
00:53:25 Chapter 6: Tencent vs TikTok
00:56:27 Chapter 7: Empire
01๐ฑ5:45 Mini Break: Please Subscribe to MagnatesMedia
1๐ฑ6:11 Chapter 8: Tencent vs China
1:13๐ฑ8 Thanks to Shipstation!
1:14:12 Chapter 9: The Future of Tencent
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