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When we think of successful social networks we (North Americans) immediately think of MySpace and Facebook. But have you ever heard of Tencent.com or their social network brand QQ.com? In 2007 they made 523 million USD in revenues, nearly 4x what Facebook made during that same period.
Tencent’s user base has grown to 300 million active IM users, and 741 million users in total. Tencent is more than just a social networking platform. Since developing an IM application 9 years ago, they have developed various online outlets including a web portal, online game, blog and wireless portal.
As Tencent and QQ’s user base keeps expanding, they are quickly becoming an everyday tool for the Chinese. Many Chinese companies are even using QQ to communicate with their clients.
Another reason for Tencent’s and QQs success is…
Continue Reading: Ever Heard of QQ.com?
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