Media are fawning on Chinese Internet sensation Tencent, which has just edged past telecoms giant China Mobile to become the nation’s most valuable publicly traded company. Such a feat would have been unthinkable a decade ago, when the nation’s private sector was still in its infancy and state-run monoliths like China Mobile still dominated China’s corporate landscape. But much has changed over the last 10 years, and Tencent in many ways reflects the huge potential that investors see in a Chinese private sector that has come to dominate many emerging industries like Internet-based products and services.

from Forbes – Tech http://ift.tt/2bQHSY0
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