We are seeing this same replicated in India (in a different sector). India's richest businessman has started a new telco because he has 23billion$ put in his new co which provides cheap data and started the trend of lower cost per sms/data for consumers.
Being rich and influential takes you to places for sure and since Tencent was actually powerful and had their own IM like GTalk, they had the skills and the presence for this. But we have to appreciate that they were not restrictive to their cash cow, they disrupted themselves and moved forward to create/acquire wechat
Being rich and influential takes you to places for sure and since Tencent was actually powerful and had their own IM like GTalk, they had the skills and the presence for this. But we have to appreciate that they were not restrictive to their cash cow, they disrupted themselves and moved forward to create/acquire wechat