According to Chen, Tencent staff mocked Facebook’s business model: “When you have a billion users, the last thing you should be thinking about is how do I sell them a ton of ads.” Its features were often far ahead of American rivals. What started as a Chinese replica of ICQ, an instant chat platform invented by five Israelis, is now WeChat, a superapp that offers news, music, games, videos and payments and is used by more than 1.2 billion people. ![]() “Influence Empire: Inside the Story of Tencent and China’s Tech Ambition” by Lulu Yilun Chen tracks the company’s evolution into a $350 billion social media and gaming behemoth. ![]() Tencent's Chief Executive Officer Pony Ma waves next to Alibaba's Executive Chairman Jack Ma at an event marking the 40th anniversary of China's "reform and opening up" at the Great Hall of the People in Beijing, China December 18, 2018.
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