騰訊

Lex_Tencent
Lex專欄:WeChat推高騰訊股價


騰訊尚未就何時貨幣化WeChat給出明確信號,但它有充足的空間來摸索。相對於Facebook在業績成長乏力的情況下仍獲47倍估值而言,騰訊目前的價位遠遠說不上離譜。

You know you have a killer product when you have irked some of the biggest companies in the world. Welcome to Tencent, China’s version of Facebook, MSN Messenger, Zynga and Blizzard Entertainment all rolled into one. Its Weixin (we chat) application, which allows users to chat and message each other via a smartphone for free, had amassed almost 200m users by the end of March – a threefold increase from a year ago. Little wonder China’s giant mobile phone operators complain of lost revenues. Tencent’s shareholders are not upset, however. Shares have gained 350 per cent in the past five years against a one-tenth fall in the benchmark Hang Seng index.

當你使某些全球規模最大的公司感到煩惱時,你就知道自己擁有了一款殺手級產品。歡迎來到騰訊(Tencent)——中國版本的Facebook、MSN Messenger、Zynga和暴雪娛樂(Blizzard Entertainment)的集合體。騰訊開發的WeChat(Weixin)應用允許用戶通過智慧型手機免費實現語音以及短訊聊天,截至今年3月底已經積累了近2億的用戶——較一年以前成長了三倍。因此中國的主要移動通訊營運商抱怨自身收入下降也就不足爲奇了。但騰訊公司的股東並沒有因此感到不安。過去五年中,該公司的股價累計上漲了350%,而同期作爲基準的恆生指數(Hang Seng index)則下跌了十分之一。

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