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Regulators, take note: Tencent is now Asia's biggest company

Anonymous Coward
Anonymous Coward

"Is it valued that high so Faceslap cannot afford to buy it?"

Facebook can't buy Tencent, because Tencent's entire business model, and everything on Wechat, is all about complying with China specific legal and business requirements. So they comply with China's real name policy. They also have real time key word blocking and flagging. They keep all messages, potentially forever. And messages are available to the gov't whenever they want.

Facebook has had executives go to jail in Brazil because they wouldn't (and couldn't, because they don't store them) turn over chat jobs after being served with a court order. China will not let allow any end to end encrypted chat programs to operate. It has created an open market for local alternatives.

So Europe should ban all providers can't keep copies of all communications, do not require real names, and won't block and flag a list of gov't maintained keywords. This will push Facebook and Google out as well, allow local competitors to grow. The domain stasi.eu is available for sale, which I think will be ideal for a social network and search engine that complies with European ideals.

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