No longer Public Enemy No. 1, Tencent now enjoys a status akin to an enlightened ruler of an expansive tech empire, with a big chunk of the Chinese internet industry now belonging to what's known as the Tencent ecosystem
Tencent’s popularity may help it avoid trouble with Beijing. But its vast power could still squelch innovation in the world’s largest online market; Image: Jialun Deng/The New York Times
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