Issue |
E3S Web Conf.
Volume 426, 2023
The 5th International Conference of Biospheric Harmony Advanced Research (ICOBAR 2023)
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Article Number | 02091 | |
Number of page(s) | 9 | |
Section | Innovative Management and Sustainable Society | |
DOI | https://doi.org/10.1051/e3sconf/202342602091 | |
Published online | 15 September 2023 |
Government and Internet-based platform company Nexus in communist state: A case study of Tencent expansion to the world
Department of International Relations, Faculty of Humanities, Bina Nusantara University, Jakarta, Indonesia 11480
* Corresponding author: raaditya@binus.edu
China, a communist country that only opened itself to international markets in 1978, has seen its economy develop rapidly due to foreign investment in the domestic market. The state’s role in regulating the domestic market is undeniable, and the technology industry is mainly focused on building its technological capacity to keep up with other countries. This paper aims to examine the two-sided coin between China’s government and its private industry by building a framework through literature studies on two main focuses: state support and business development strategy. The framework illustrates how Tencent’s success in conquering the global market is due to the Chinese government’s power to regulate its market and implement its Business Development Strategy. The research results show that the influence of government support has partially impacted Tencent’s success. Still, Tencent’s success in internationalizing and catching up with technology has significantly contributed to its success in dominating the global market.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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