Influence Empire: Inside the Story of Tencent and China's Tech Ambition

Influence Empire: Inside the Story of Tencent and China's Tech Ambition

by Lulu Chen
Influence Empire: Inside the Story of Tencent and China's Tech Ambition

Influence Empire: Inside the Story of Tencent and China's Tech Ambition

by Lulu Chen

Hardcover

$28.99 
  • SHIP THIS ITEM
    Qualifies for Free Shipping
  • PICK UP IN STORE
    Check Availability at Nearby Stores

Related collections and offers


Overview

*SHORTLISTED FOR THE FINANCIAL TIMES BUSINESS BOOK 2022*
*A TIMES BUSINESS BOOK OF THE YEARS 2022*
*A NEW YORK TIMES BEST BUSINESS BOOK 2022*
*A FORBES ESPANA TOP TEN BOOK 2022*

*A PROJECT SYNDICATE 2022 BEST READ*

'A fascinating study of the tech giant and its symbiotic relationship with the Chinese government' - Guardian

'Vital . . . More than a corporate hagiography, Ms. Chen's book offers insight into the company via executive interviews and exclusive details.' New York Times

'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

ORDER NOW: the first definitive look at Tencent, one of the world's largest tech companies.
__________

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.
__________

'There's so much fascinating detail here.' — 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. Despite their enormous size and power, few outside of China know of or understand these companies. Now, thanks to Influence Empire: Inside 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

'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


Product Details

ISBN-13: 9781529346855
Publisher: Hodder
Publication date: 11/22/2022
Pages: 320
Product dimensions: 6.20(w) x 9.30(h) x 1.00(d)

About the Author

Lulu Yilun Chen has covered China and its technology landscape for more than a decade, for Bloomberg News and Bloomberg Businessweek. She's a multiple-time co-winner of The Society of Publishers in Asia Award.

In 2022, her book, Influence Empire, was shortlisted for the Financial Times Business Book of the Year Award.

Table of Contents

Introduction xi

Part I Origins

Chapter 1 Book of Pony 3

Land of Compromise 4

Pi Digits 7

Cambrian Explosion 11

Disco Bail 12

Crashing Servers 15

Chapter 2 March of the Penguins 17

Breaking Even 19

QQ News 22

Going Public 24

Telecom Setback 28

Chapter 3 David to Goliath: A Soul-searching Journey 31

Microsoft Battle 31

Turning into Goliath 37

3Q Battle 39

Landmark Deal 42

Part II Tencent Unbound

Chapter 4 Shifting Winds 47

Chapter 5 Alibaba the Arch-nemesis 53

'Internet Dream' 57

Alipay Disruption 59

Quick Pay 61

Mobile Era 62

Era of Mobile Payments 63

Chapter 6 The Biggest Coup: Meituan 65

Circuits and Copper Sulphate 69

Galactic Managing Directors 73

Iron Army 74

Ultimate Connector 79

War on Flip-flops 81

Epic Coup 83

Battling Alibaba 88

Chapter 7 WeChat, China's Virtual Town Square 91

Origins 95

Shark Womb 96

Losing a $100-billion Business 98

Censorship and Self-censorship 103

The App for Everything; Mini Programs 106

Wall and Egg 109

Revenue Pressure 112

Chapter 8 The Ride-hailing Battle 115

Foot Massage Parlours 116

Honk Honk Taxi 118

Snowstorm Blessing 121

Penurious Origins 121

Seven Days, Seven Nights 123

Red Packets 124

Tibet Trip 126

Entrepreneurial Gladiators 127

Uber Invasion 129

Chapter 9 A Gaming Crusade 133

CrossFire, Dungeon Fighter 138

League of Legends 139

Fortnite Battle Royale 144

Underdog vs Apple 152

Chapter 10 Era of Mobile Games 157

Gaming Fanatic 158

Seven Sins 161

Virtual Mercenaries 163

Riot Rift 165

Clash of Clans 167

E-sports Clubs 169

Professional Clubs 172

Entertainment Empire 173

Music Streaming 174

Chapter 11 State vs Goliath 179

US Inspection 182

Crushing Fintech 188

Silencing Billionaires 191

Unprecedented Punishment 193

Disseminating an Industry 195

Tencent Troubles 197

Attack on Capital 201

Chapter 12 The Metaverse and Beyond 205

Beyond Smartphones 208

Acknowledgements 215

Notes 217

Index 227

From the B&N Reads Blog

Customer Reviews