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posted on 23 September 2017

How China's Social Media Giant Compares To Facebook

Written by , Statista.com

-- this post authored by Felix Richter with contributions by Econintersect

Due to the fact that social media services such as Facebook, Twitter, Instagram and Snapchat are inaccessible in China, there exists a whole ecosystem of social networking and messaging platforms that are immensely popular in and around China but hardly known anywhere else in the world.


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Platforms such as QQ, Qzone and WeChat in particular have hundreds of millions of users and, just as Facebook, Instagram and WhatsApp, they’re all owned by the same company. Their parent company Tencent became China’s largest tech company in terms of market capitalization last year, and is currently going back and forth with e-commerce behemoth Alibaba in the race for this title.

As our chart illustrates, there's no need for Tencent to shy away from comparisons with the world's largest social networking company. While Tencent's social networking and messaging services have yet to reach the billion-user mark, its financial results are nearly on par with Facebook's. In fact, until as recently as 2015, Tencent was more profitable than Facebook, and has been for many years prior. From an investing standpoint, both companies have been doing great over the past 12 months: Tencent's stock price soared more than 60 percent since August 2016, Facebook's is up by 35 percent.

Infographic: How China's Social Media Giant Compares to Facebook | Statista You will find more statistics at Statista.

Added note by Econintersect:

The performance since 01 January 2016 is compared for Alibaba and its U.S. counterpart Amazon in the two charts below:

alibaba.2016.2017.sep.22

amazon.2016.2017.sep.22

Alibaba has outperformed Amazon by 2.64X since the beginning of last year.

The performance since 01 January 2016 is compared for Tencent and its U.S. counterpart Facebook in the two charts below:

tencent.2016.2017.sep.22

facebook.2016.2017.sep.22

Tencent has outperformed Facebook by 1.90X since the beginning of last year.

All four stocks have left the S&P 500 in the dust over this time period. The top performer, Alibaba, has produced 5X the return of the U.S. stock benchmark.

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