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Tencent loses $143B in market value

bloomberg.com

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Re: Tencent loses $143B in market value

#22

Post by ma2rten »

minimaxir wrote: post #8
VonGuard wrote: post #5

League of Legends is no longer the world's most popular video game.

Tencent does a lot more than having a stake in Riot Games.

No offense, but that comment goes to show US centric HN is. This is like valuing Microsoft based on XBox sales, only that it plays an even smaller role.

Re: Tencent loses $143B in market value

#24

Post by scarejunba »

VonGuard wrote: post #10
minimaxir wrote: post #8

Earlier quoted context omitted.

Tencent does a lot more than having a stake in Riot Games.

Yes, they do, QQ being exhibit A. But League of Legends was supposed to be their first major step into the larger world of 100 million player+ games, worldwide. Riot has yet to produce another game, and their seat atop the gaming market is now gone. It wasn't their biggest money maker, but it was their biggest money maker outside of China, and investors really liked the idea of global growth.

Their seat is gone. To another game they own nearly half of.

Re: Tencent loses $143B in market value

#25

Post by scarejunba »

reustle wrote: post #2

Slightly off topic: I really wish Bloomberg would respect peoples mobile data limits and not auto load video on mobile.

Bloomberg News is low quality news. Don't read them unless you want to be misinformed. They're copy paste jobs from other low quality news.

Re: Tencent loses $143B in market value

#27

Post by atom_arranger »

chongli wrote: post #16
reustle wrote: post #2

Slightly off topic: I really wish Bloomberg would respect peoples mobile data limits and not auto load video on mobile.

This really ought to be handled by the browser vendor. Auto playing video on a mobile browser should be disabled by default.

Should images also not display by default?

What about short videos used as replacements for GIFS? Loading the gif would actually use more bandwidth.

All these restrictions on mobile browsers make web development a pain.

Re: Tencent loses $143B in market value

#28

Post by ghostbrainalpha »

slyssassa wrote: post #26

Good riddance. Tencent is closely associated with the corrupt Chinese government. Better that it fall and cripple the governments effort to censor all

Read the article. Tencent grew 5% this quarter. That is extremely slow growth for them.

But if a company this size only grows 20% per year, they are still on the way to becoming a Trillion dollar company.

Re: Tencent loses $143B in market value

#29

Post by ghostbrainalpha »

rococode wrote: post #17
VonGuard wrote: post #5

League of Legends is no longer the world's most popular video game.

While this is true, Tencent also owns major shares in a ton of the games that might be considered among the most popular, as well as minor shares in many of the companies they don't control. Arena of Valor, most popular mobile MOBA game; 80m daily players as of Dec 2017 and I believe it's currently the biggest game worldwide despite mostly being popular in China (I think there are even stories of politicians delaying…

Arena of Valor is SCARY addictive.

My wife threatened divorce if I wouldn't delete the app.

Re: Tencent loses $143B in market value

#30

Post by chickenfries »

chongli wrote: post #16
reustle wrote: post #2

Slightly off topic: I really wish Bloomberg would respect peoples mobile data limits and not auto load video on mobile.

This really ought to be handled by the browser vendor. Auto playing video on a mobile browser should be disabled by default.

iOS safari gets this right, with an exception for videos without sound, I believe.
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