Tencent’s PE is still way lower than Amazon. I am very bullish on Tencent, even more so than Alibaba. I sense Jack Ma’s ego is getting a little too big and taking eyes off the ball. Pony Ma, the double-horse, is non flashy and just grinds it. My type of leader.
If you use WeChat at all, even the crippled Western version, you will notice it still carries very little ad. Tencent is just getting started to milk the ad cash cow. Add to it all the peripheral products that feed off WeChat’s captured audience we have an empire much more lucrative than Facebook.
Tencent just spun off its book business. Do you know online fiction is a huge business in China? Facebook is very primitive compared to Tencent.