Interesting, I've never heard of Tencent before. I learned a lot last year about Tata, which is based out of India and is also dominating certain markets (of course much different than Tencent, but still a fun example). It's funny how in America so few of these companies are mentioned, simply because there's so many companies out there! Well.. business is business.
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Tencent is possibly the largest company still not well understood by American audiences. While India is now the fastest growing market, China has grown into the maturing side of the emerging markets field. There is definitely much to like about Tata, but when it comes to India there are only two investments that I have unwavering confidence in: Reliance Industries (RIGD.il) and MakeMyTrip (MMYT). Unfortunately, Reliance requires a global trading account to gain access by MakeMyTrip trades in America. MMYT is going to be the Priceline of India, and already dominates with a 50% market share. Its next competitor owns about 15%.