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China's Tencent Holdings Aims To Change Its Business Model

     
1:11 pm on Jun 27, 2011 (gmt 0)

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China's Tencent Holdings Aims To Change Its Business Model [reuters.com]
Tencent Holdings Ltd, the world's third largest Internet firm, aims to be China's Facebook, Twitter and Google -- all rolled into one.

While the company's market value has quadrupled to $50 billion over the past 2- years, its revenue and profit growth is expected to slow over the next few years, forcing the company to rethink its future.