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Chinese companies are becoming truly huge. Tencent's latest quarterly profit was US$1.5 billion. Annualized, that is a net profit of US$6 billion. Remember, it is NET PROFIT and not mere total revenues.
Intel's quarterly net income was $3.4 billion. China's Tencent has almost half of the quarterly net income of Intel. Since Tencent is growing much faster than Intel, conceivably Tencent could match Intel on net income in five years.
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Tencent reports $1.5B profit thanks to its WeChat messaging app and mobile games | Tech Crunch
Intel's quarterly net income was $3.4 billion. China's Tencent has almost half of the quarterly net income of Intel. Since Tencent is growing much faster than Intel, conceivably Tencent could match Intel on net income in five years.
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Tencent reports $1.5B profit thanks to its WeChat messaging app and mobile games | Tech Crunch