WeChat catches up with Facebook

Tencent, the almighty of the internet in China and owner of WeChat - an application very similar to WhatsApp - has grown considerably this last week on the stock market. Growth that has made it overtake rivals such as Amazon or Oracle and get very close to the giant Facebook. In addition to reaching a market value of 200.000 million dollars.

Since 2015 began, the company led by Pony Ma has increased the value of its shares by 52 percent. Thus, this percentage puts this firm in the lead in social networks and entertainment in China.

At the same time that it leads in its country, it is very close to Facebook, a company that has been considered the world leader in social networks for several years. Its stock market value reaches 230.000 million dollars, exceeding the 210.000 of another giant such as Alibaba.

What is evident is that there are already several Chinese firms that are beginning to monopolize the technology sector and are beginning to rub shoulders with the large multinationals in this sector.

Being in a market that has more than 600 million Internet users and close to 1.000 million users of latest generation mobile phones and being restricted in said market by Google, Twitter or Facebook, is something that helps Tencent achieve market shares. so high.