Ali PK Tencent: Tencent'S Market Value Exceeds Alibaba! Who Can Laugh At The Last Cloud Strategy?

A few days ago,

Wang Jianlin has just become the richest man in China, but there is another big news.

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Recently, Tencent released the unaudited second quarter and mid-term results as of June 30, 2016, after Baidu and Alibaba.

Among them, in the second quarter of this year, Tencent group's revenue was 35 billion 691 million yuan and net profit was 11 billion 319 million yuan, all data were higher than analysts' expectations.

Combined with the latest quarterly earnings report released by Alibaba and Baidu, we can find that Tencent is ahead of Baidu and Alibaba in terms of total revenue.

But in terms of net profit, Tencent is lagging behind Alibaba group.

Of course, Alibaba and Tencent, the two largest Internet Co, are equally matched in the market value of the company.

According to previous earnings reports, the second quarter of 2016, Tencent profits increased 47% to 10 billion 900 million yuan (US $1 billion 600 million).

Revenue grew by 52% to 35 billion 690 million yuan (US $5 billion 380 million) over the same period last year.

Most of Tencent's revenue comes from online games, which has a revenue of 17 billion 124 million yuan (US $2 billion 600 million).

After the announcement of the earnings report, Tencent's share price rose by 6%.

Among the big BAT three of China's Internet, the Tencent is the largest.

However, compared with the other two, Tencent's global attention has lagged behind.

Analysts said, "revenue grew significantly, the platform developed rapidly, operating the Chinese version of Twitter and Facebook.

Investors hope that, like Facebook, Tencent can turn active users into revenue.