Why Tencent Is a Lot Like Berkshire Hathaway
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) needs little introduction, but if you're looking for the next Berkshire, you might be surprised to find it in China. Tech giant Tencent (OTC: TCEHY) has an impressive portfolio of companies that's been valued at as much as $250 billion, and it also owns the super-app WeChat, whose competitive advantages are manifest.
In this segment of Backstage Pass, recorded on Aug. 23, Fool contributor Jeremy Bowman explains some of the surprising similarities between the two companies.
Source Fool.com
