Michael and Johnny look at Tencent, one of China's largest technology companies, and discuss its history, its founders, keys to its fast and vast success, as well as its parallels with Facebook before wrapping it up with whether it is a Rich Tech or Poor Tech company.
In the News of the Week, TikTok feels forgotten by the US government, Uber is reconsidering its driverless future, Bots have resulted in Playstation 5/Xbox Series X prices reaching thousands of dollars, and last but not least Pfizer's recently announced 90% effective vaccine has had repercussions for all of the Stay At Home stocks.
Recorded Date: Sunday, November 15, 2020
Time Stamps
- 00:00:18: News of the Week
- 00:12:18: Tencent History
- 00:19:59: Keys to success
- 00:21:46: Tencent vs Facebook - brothers from a different mother?
- 00:36:02: Rich Tech Poor Tech
Highlights
- The Trump administration has forgotten about trying to ban TikTok, so TikTok would like to know what’s up
- Uber is reportedly considering selling its Self Driving Car unit, Uber Advanced Technologies Group (ATG)
- Pfizer's 90% effective vaccine has resulted in the stay at home stocks taking a tumble
- Bots have hogged the Playstation 5/Xbox Series X sales and resulted in online resale values of thousands of dollars
- On top of being 50 cent's younger yet more successful sibling, Tencent does everything software related
- What factors led to Tencent's success today? Was it their embrace of payments early on?
- Do Tencent and Facebook parallel each other in their history up until Tencent embraced payments around 2014?
- Was Facebook's inability to operate in China what allowed Tencent to leap forward?
- Is Tencent modern-day Sony?
- Is Tencent a Rich Tech or Poor Tech company?
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