Tesla
Elon Musk, dubbed the “brains behind Tesla,” is the company’s largest shareholder, with a 21.7 percent stake in the California-based firm. Tencent Holdings Ltd is one of the corporation’s many stockholders. As evidenced by the above statement, the Chinese corporation appears to be interested in a variety of other things in addition to music.
Tesla
Tencent is also the world’s largest video game company and one of the world’s largest social media companies, which is a nice bonus. It even managed to earn $95.8 billion in net income in 2019. Whatever it is that they are doing, it is clear that they are doing it right! It is our expectation that it will continue to grow in the future.
Snapchat
We doubt that if Snapchat hadn’t existed, the trend of applying goofy filters to our photos would have started. Bobby Murphy and Evan Spiegel, the app’s creators, started it in 2011 with no idea how successful it would become. According to some estimates, Snapchat is now worth more than $20 billion.
Snapchat
Tencent, a Chinese company, expanded its reach in 2017 to include the social media platform Snapchat. This tech behemoth spent more than $2 billion to acquire a 10% stake in the social media platform, with the hope of reaping substantial financial rewards in the future. Tencent also aided Snapchat in developing augmented reality capabilities by utilizing its technological expertise, as previously mentioned.
