On the morning of May 9, Ming-Chi Kuo, a well-known analyst at Tianfeng International Securities, reposted the New York Times article today and commented that Twitter’s future business may be partially similar to Tencent’s social network, advertising, financial technology and business services place.
In 2021, Tencent’s social network (including subscriptions), advertising and fintech and business services business revenues will be $17.6 billion, $13.3 billion and $25.8 billion, respectively, Kuo said. Referring to Tencent, Elon Musk’s 2028 revenue target of $26.4 billion for Twitter looks achievable.
Ming-Chi Kuo believes that in China, where almost everyone can’t do without Tencent’s WeChat Pay, Twitter Pay has the potential to do something similar, or even better in some ways (for example, supporting cryptocurrencies).