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The INSANE story of Tencent – a controversial MagnatesMedia business movie looking at one of the most valuable companies in the world. This business has many accusations against it – from being used for surveillance and censorship, to anti-competitive monopolistic business strategies & crushing the competition. It’s a crazy rags to riches entrepreneurial story, going from only $1000 and the brink of bankruptcy to becoming one of the richest most powerful companies ever. This is the rise and fall of a business empire. This is the untold history of Tencent.
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If you look at the world’s most valuable companies, you won’t be surprised to find the likes of Apple, Microsoft, and Google. But one name does stand out: Tencent. The company is worth more than the likes of Facebook, Mastercard, and Samsung, and yet if you asked the majority of people what Tencent does, you’d be met with a confused look. The truth, is that Tencent does everything. Because whilst Tecent’s mascot is a friendly-looking penguin – a more accurate animal to embody this conglomerate would be a giant octopus, with tentacles reaching into almost every industry you can think of, all over the world. Whether you realize it or not, you almost certainly use products or services Tencent is involved with.
However in Tencent’s home country of China, it’s a very different story; everyone is aware that Tencent dominates their lives. And that’s because in China, Tencent has achieved the seemingly impossible: one app to rule them all. Tencent created an app called WeChat that’s been dubbed ‘the everything app’ because almost all of China’s 1.4 billion population use this app for an average of 4 hours every day, more than the average American user spends on all social media apps combined.
And the reason people in China use WeChat so much is because it’s basically every app you can think of rolled into one. Its essentially Facebook, PayPal, Whatsapp, Netflix, Google, Spotify, Uber, Yelp, Tinder, Zoom, YouTube, Deliveroo, Amazon and lots lots more all in one single app. You pay your bills through it, call your friends through it, and essentially live your entire life through it. However one single company having access to literally all your data – from your exact location to your entire bank history to every message and call and search you’ve ever made – it’s a lot. And then it gets worse when you realize that the line between where Tencent ends and the Chinese government begins, is blurry. Meaning, the Chinese Communist Party (CCP) has access to all that information as well, making WeChat one of the most powerful surveillance tools ever.
Plus, private messages and images that are sent through Tencent’s apps like WeChat are scanned to see if they need to be censored – if you say anything the Chinese government doesn’t want you to, you could end up in jail, or disappear. The Chinese government has even openly confirmed that it can access deleted WeChat conversations.
Tencent has used its vast wealth and resources to expand into many industries. They are also the largest gaming company in the world – with revenue significantly higher than any competitor. Gaming is just one of countless different industries Tencent operates in. Also Tencent’s Payments division is nearly as big as PayPal’s entire business. And its reported WeChatPay generates over 1 billion payment transactions per day – more than Visa and Mastercard. But it’s only recently that the West has started to realise the influence Tencent – and thus China – actually have… In this business documentary, we’ll answer questions like: What is Tencent? What does Tencent do? How did Tencent and other Chinese businesses get so big?
The Secret Chinese Company That Owns… Everything?
Tencent – The Craziest Company You Don’t Know About
The Penguin That Changed China Forever
The Chinese Company That Owns Everything
The Secret Chinese Company That Owns Everything
00:00:00 Prologue
00:10:21 Chapter 1: QQ & The Mysterious Founder of Tencent
00:21:12 Chapter 2: Microsoft vs Tencent
00:24:19 Chapter 3: Out Of Control
00:33:38 Chapter 4: WeChat: One App To Rule Them All
00:44:11 Chapter 5: Surveillance, Censorship & Control
00:53:25 Chapter 6: Tencent vs TikTok
00:56:27 Chapter 7: Empire
01:05:45 Mini Break: Please Subscribe to MagnatesMedia
1:06:11 Chapter 8: Tencent vs China
1:13:08 Thanks to Shipstation!
1:14:12 Chapter 9: The Future of Tencent
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This project has consumed my life for the last few months 😂 But hopefully you’re gonna enjoy this one, as I really think Tencent is such a fascinating business – it’s one of the world’s most valuable and influential companies, and yet most people know very little about it…
Tencent is often surrounded by controversy – including extreme surveillance, censorship, and brutally cloning & crushing competitors. And many people are concerned by just how many companies Tencent is now involved with.
And yet in many ways, this is also an incredible success story… Tencent went from having only $1000 in their bank account & being on the edge of bankruptcy, to becoming a gigantic global empire & creating ‘the everything app’ that Chinese people live their entire lives through.
There’s a lot to cover here, so get comfy, and join me on this journey through Tencent’s crazy history. 🙂
P.S. Ideally watch with headphones and on a laptop / TV if possible. Enjoy!
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The CEO of Tencent was the quiet kid💀
I stand with Trump
Its the American name and the cross logo for me most big American companies moved to China like 10 years ago i think. This is why they were all stepping down around the time of covid. They waited what 5-6 years to bankrupt themselves in America and then we been locked down or dealing with this covid another like what 3-4 years this was al like a reset like a virtual reset they have control over the internet just like they did Hollywood. Now they dont need Hollywood so they can throw it under the bus. That’s why your hearing about all the shady shit happening in Hollywood. Its church lol all the way down to the ten percent tithe name. That’s scary you got the Vatican in your pocket religion based. Scary
Twitter will become wechat 51:43 we did that too.
You are brave
Im invested in tencent but had no idea what it was doing its just chilling in my depot for couple years now.. i felt like i need a lil china in it
Xi Jinping reminds me on Christopher Robins bst honey loving friend
such insanely high quality content. didn’t even realize how long the video was until 10 minutes in but by then i was hooked. bravo!
Elon needs to flip the table and rebrand his app as weedchat
Elon needs to flip the table and rebrand his app as weedchat
This video is a virus that won't leave my auto play. Glad it's only a trial of yt premium. Would never buy this shit.
Who doesn't like conspiracy theory!!??
Very informative. Video clips/pics from movies such as "The Big Short" and "The Social Network" (short enough to fall into the YouTube fair use policy) make it fun to watch.
This is facebook and twitter in a nutshell.
Rolling Stone Magazine revealed this information 3 YEARS AGO. If more people read books these YouTube videos wouldn't see so shocking and surprising. We would have more time to act on the evil of the world BEFORE it became a problem.
Just subbed & liked
Love the content
And after that china bans this video
Pony was out here catfishing 😂
Facebook wishes they were WeChat
We should all find a way to get that app with vpn or wtv and destroy it, the biggest troll ever!😎
Isn’t it obvious at this point that ‘tencent’ and ‘WeChat’ IS THE CHINESE GOVERNMENT? 中共=死亡 Long live the sovereign nation of Taiwan! 🇹🇼🇹🇼🇹🇼🇹🇼🇹🇼
So the Chinese government just sat back letting the company grow then swooping in to take over after years of investing using tencent to rig it in there investments favour that's why the owner let it loose money, probably didn't want the government to take over and use it as a surveillance tool.
YOU are describing The Order of the ''Skull and Bones'' and ''The World Bankers'' and the ''Vatican''…ARE you not. Stop telling lies….this is American propaganda. ALL LIES
Jeez that was an amazing intro!
Thanks to Tencent because they didn't remove this video 😂
cringe
why dont u say google and android tracks your every movements? more people uses android and google than tencrnt
Duh ! We Chat is a part of the government. Or some kind of diabolical parasitical relationship . Either way. Very bad and absolutely mad !!
Yes, it's like what we have here in USA called FACEBOOK.
Is this what Elon is hoping to achieve with his future "everything app"?
Say what you will but…. no thank you.
"Incredible success story" Yea I'd probably be an "incredible success story" if I stole other peoples money makers and made it mine. LMFAO For real?🤣😂🤣😂🤣😂
And then making enough money to do it the "legal way" by buying up enough shares to own the company. (Not that you NEED to do it the "legal way" in China).
But that works out pretty well for them in the west doesn't it…🤡
just saw something bout…SHIPSTATION…felt like a subliminal msg for north americans to buy a foreign owned app, owned by tencent to collect data here aswell? thoughts?
this whole video ends with brainwashing!
propaganda!!!!
Pubg
insane video
The guy that said “ideas don’t matter in China, execution does.” Sounds good but the ‘execution’ is only possible by the people with resources, ie tencent
Not talked about enough at all.
This is is scary enough without the music
They absolutely ruined this boy's life and paraded his irreversible destruction for a mass audience. It's sickening. I pray he gets the help he needs and away from his sicko mother.
Great video
Thanks!
In the usa, operation mockingbird is still on going…
Secret… LOL
59:26 the sculpture thingy (more like a sign here) in front of Tencent's building literally says "follow our party (Chinese Communist Party's logo can be been big and above this slogan), start your business". And if this doesn't make you think twice about using any services Tencent launches… you must be either fan of Putin/Xi or you are locked up in Xingjian.