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Charleston SC writer Ashley Doyle: Writes Article for Trader Magazine on QQ...
Charleston SC writer Ashley Doyle: Writes Article for Trader Magazine on QQ China's version of Facebook and it's Soaring Stock
February 16, 2012 Travel & Tourism news in Charleston,South Carolina, United States of America
Charleston SC/NYC based writer Ashley Doyle explores the explosive profits of QQ, the Chinese Facebook on a recent trip to China
FOR IMMEDIATE RELEASE
Charleston,
South Carolina,
United States of America
(Free-Press-Release.com) February 16, 2012 --
Charleston SC/NYC based writer Ashley Doyle will be a contributing writer for an article that Trader Magazine will release in Summer 2012 exploring the incredible growth of QQ, China's version of Facebook.
It's Bigger than Facebook. QQ is the largest social internet site in the world,
owned by Tencent (TCEHY.PK) – the most profitable internet company in China
You’ve most likely never heard of it, unless you live in China. QQ is booming with almost 820 million accounts, as compared with Facebook’s 750 million subscribers globally – QQ has nearly18 times the number of Microsoft’s (MSFT) MSN subscribers in China. The site is owned by Tencent, the world’s 3rd largest internet company after Google (GOOG) and Amazon (AMZN).
Boston Consulting Group ranked Tencent #1 in the world in terms of total shareholder return from 2005-2009. Tencent shares multiplied by a factor of more than twenty over the past 5 years to a market cap of $42.4 billion and profit has doubled in 2009 to $754.7. Compare that with Facebook, which has surged fivefold in value over the past 2 years.And if that's not enough, Tencent holds about a 1% stake in Facebook.
On a recent trip to China Ashley Doyle had the opportunity to tour QQ's facility and meet with it's administrators. Trader Magazine has taken some of the information she gleaned for a unique profile of this explosive Chinese operation.
More information can be found online at http://www.ashleyturnerdoyle.com
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