Tencent Makes Investments to Rival Alibaba and Ebay
From ChinaKnowledge:
"Tencent Holdings Ltd., China’s biggest online chat-service provider, plans to invest RMB 100 million to develop internet services as it competes with Alibaba.com and eBay. It aims to increase revenue by selling more services to its QQ Internet messenger users, and hopes that the new technologies help it win market share from the two internet giants.
The firm will set up an Internet research institute, the first of its kind in China, with centers in Beijing, Shanghai and Shenzhen that will work with universities to develop technologies."
posted by Johannes @ 2:26 AM
1 comments
1 Comments:
While Tencent may be a good company. I do Not believe that it is anymore than an average stock as far as expected returns go. I would prefer to invest in a very undervalued company called PFS web Symbol {PFSW.} The Company provides business process outsourcing and ecommerce solutions in the United States, Canada, and Europe. The stock trades around 3.30 a share.
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