---
title: "$TENCENT(00700.HK)The reason why Tencent can be so happy is entirely due to the lack of competition."
description: "$TENCENT(00700.HK)The reason why Tencent can be so happy is entirely due to the lack of competition. Alibaba drove away Amazon and eBay. If one day Facebook, WhatsApp, and Telegram were allowed in, yo"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/21243708.md"
published_at: "2024-05-21T01:57:08.000Z"
author: "[未来的交易员皮看穿](https://longbridge.com/en/profiles/10939)"
---

# $TENCENT(00700.HK)The reason why Tencent can be so happy is entirely due to the lack of competition.

$TENCENT(00700.HK)The reason why Tencent can be so happy is entirely due to the lack of competition. Alibaba drove away Amazon and eBay. If one day Facebook, WhatsApp, and Telegram were allowed in, you can imagine the scenario. Lose social media, lose traffic, and games might not be as popular as they are today. Tencent is far behind Alibaba in overseas expansion because it's too comfortable now. Born in hardship, die in comfort—let's wait and see what the next decade brings.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.