from MacroScope:

What happens in Shenzhen…

August 19, 2016

...could one day become Tencent.

tencent

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The Chinese internet giant is at the cusp of becoming the country's most valuable firm. Its mighty rise has taken its valuation to $250 billion, second only to China Mobile, and well ahead of the large state-owned banks and oil companies that have dominated China's capital markets for the better part of the past decade. The rise of a Shenzhen-based, private company at the crossroads of internet technology, social media and gaming reflects several changes under way in China.

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