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What started as a small messaging service company called QQ has become a conglomerate covering gaming , entertainment, fintech, cloud computing, and more. While many factors contributed to Tencent's success, one of the most important aspects is the company's ability to choose the right strategies and execute them well over time.
By investing in its partners -- like Pinduoduo and Meituan -- the tech conglomerate can participate in emerging industries like e-commerce and food delivery. Over the years, Tencent has operated like a stock investor, buying up small stakes in growth companies like Snap and Tesla. The idea is simple.
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