Tesla
Elon Musk, dubbed “the brains behind Tesla,” has a 21.7 percent interest in the California-based firm and is its biggest shareholder. Other than him, the firm has a large number of owners, including Tencent Holdings Ltd. It turns out that the Chinese firm is interested in a variety of topics, not only music. Tencent is also the world’s largest video gaming firm and one of the largest social media companies. It even has a $95.8 billion net profit in 2019. Whatever they’re doing, it’s obvious that they’re doing it correctly! We are certain that it will continue to expand in the future.
Tesla
Snapchat
We doubt that the trend of applying goofy filters on our photographs would have started if it hadn’t been for Snapchat. Bobby Murphy and Evan Spiegel developed the app in 2011 with no clue how huge it would become. Snapchat is estimated to be valued at more than $20 billion at the moment. Tencent, a Chinese business, was able to expand its reach to Snapchat in 2017. This digital behemoth paid more than $2 billion for a 10% share in the social networking business, hoping to profit handsomely. Apart from that, Tencent aided Snapchat in the development of augmented reality capabilities by using its technological knowledge.
Snapchat