Over on the other side of the world (at least if your in New York) exists a country on the rise, with so many people in its borders, that even a fraction of them using a particular good or service can make it extremely powerful and profitable.
The specific case I'm talking about is China based internet provider Tencent, who makes an AIM-like internet chat product called QQ (Chinese teenagers use the Q as shorthand for "cute," as in "you are so Q!")
Due to the sheer number of users using this software, as well as other factors including a robust offering of other products that would put even Google to shame, QQ could put facebook out of business in a hurry if it takes off here in the states.
This is due in part not only to Tencent having a much larger social network than facebook, but through micro-virtual-currency purchases for games, upgrades and other online products. Also, Tencent is growing in leaps and bounds, and get this, is actually profitable (facebook is not).
An international version of QQ just launched as a partnership with AIM, I'm sure its only a matter of time before this service takes off. Who knows, we could be looking at the new face of social networking... you heard it hear first!
Check out the link below for the full article and more details:
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