Description

The insider story of Tencent, the Chinese tech giant behind WeChat: perfect for fans of Chip War and House of Huawei

SHORTLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK OF THE YEAR
A TIMES BUSINESS BOOK OF THE YEAR
A NEW YORK TIMES BEST BUSINESS BOOK

‘A fascinating study of the tech giant and its symbiotic relationship with the Chinese government’ – Guardian

A remarkably relevant and timely account in light of the escalating US-Chinese trade war.

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In 2017, a company known as Tencent overtook Facebook to become the world’s fifth largest company. It was a watershed moment, a wake-up call for those in the West accustomed to regarding the global tech industry through the prism of Silicon Valley: Facebook, Google, Apple and Microsoft.

Yet to many of the two billion-plus people who live just across the Pacific Ocean, it came as no surprise at all.

Founded by the enigmatic billionaire Pony Ma, the firm that began life as a simple text-message operator invested in and created some of China’s most iconic games en route to dreaming up WeChat – the Swiss Army knife super-app that combines messaging, shopping and entertainment. Through billions of dollars of global investments in marquee names from Fortnite to Tesla and a horde of start-ups, Ma’s company went on to build a near-unparalleled empire of influence.

In this fascinating narrative – crammed with insider interviews and exclusive details – Lulu Chen tells the story of how Tencent created the golden era of Chinese technology, and delves into key battles involving Didi, Meituan and Alibaba. It’s a chronicle of critical junctures and asks just what it takes to be a successful entrepreneur in China.

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WHAT READERS ARE SAYING:

‘Incredible book that shares the passion, the determination and shares insights into the lives of people that have founded today’s tech giants in China, without having ever expected it. Highly recommend it!’

‘An exceptionally engaging book that delves into the captivating history of Tencent and its enigmatic leader, Pony Ma. This book not only provides a riveting narrative but also remains remarkably relevant, considering the escalating tensions between the US and China.’

‘A fascinating look into the world of China’s hi-tech digital economy that explores the business strategies as well as casting a light on the murky world of a state controlled industry.’

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‘Vital . . . More than a corporate hagiography.’ – New York Times

‘So much more than the long-awaited story of Tencent and its vital everything app, WeChat, the messaging tool used by 1.3 billion people. It’s also the sobering account of an entire generation of high-flying Chinese tech entrepreneurs, whose wings were clipped by the omnipotent hand of their own government.’ — Brad Stone, author of Amazon Unbound and The Everything Store

‘Fascinating’ – The Times

‘Lulu Yilun Chen has written a sharply informed, smart and compelling account of the rise of some of the most powerful companies in China, which also stand among the biggest and richest tech giants in the world.’ – Howard French, author of Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power

‘A book that tells Tencent’s story has been long overdue, and Lulu Chen’s account is not only comprehensive, but also a gripping business narrative. The globally influential company finally has the account it deserves.’ – David Barboza, The Wire

Publisher Review

'Influence Empire by Lulu Yilun Chen is so much more than the long-awaited story of Tencent and its vital everything app, WeChat, the messaging tool used by 1.3 billion people. It's also the sobering account of an entire generation of high-flying Chinese tech entrepreneurs, whose wings were clipped by the omnipotent hand of their own government.' -- Brad Stone, author of Amazon Unbound and The Everything Store Lulu Yilun Chen has written a sharply informed, smart and compelling account of the rise of some of the most powerful companies in China, which also stand among the biggest and richest tech giants in the world. Foremost among them is the biggest behemoth of them all, Tencent, a Swiss Army Knife of a company that combines the services of a half dozen or more of the best-known internet giants in the West. The immense wealth and reach deep into every household in China of companies like these has recently placed them at the center of Beijing's regulatory and political attention. Despite their enormous size and power, few outside of China know of or understand these companies. Now, thanks to Influence Empire: The Story of Tencent and China's Tech Ambition, that will finally change. - - Howard French, former NY Times Shanghai bureau chief and author of Everything Under the Heavens: How the Past Helps Shape China's Push for Global Power Lulu Yilun Chen's Influence Empire is the compelling story of one of the world's most important, but least understood companies. It is a must-read for anyone who wants to understand how the curious collision of business, technology and politics in today's China will reshape our world. - - Peter Martin, author of China's Civilian Army