#35 - Tencent lies low while Bytedance soars, and the "QQ-verse"
Update: 2021-11-25
Description
As Tencent and the rest of big China tech continues to suffer from the gov crackdown, Bytedance revenue soars. However, Tencent may just be lying low and contemplating their next move as the company seems surprisingly well equipped for the metaverse and future of tech.
1) Bytedance still growing strong with 60% revenue growth
2a) Gov crackdown begins to traverse time into the past
2b) Big China tech struggling to play nice and open up
3) Tencent is lying low - quarterly revenues lowest since 2004
4) Into the metaverse - Tencent has been doing this for two decades
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