Over the past few months, Tencent Holdings Ltd TCTZF has been like a teenage pop star displaced by a twerking Miley Cyrus who grabs all the headlines.
The Cyrus in this case is Alibaba. Alibaba’s IPO, the biggest in human history, garnered non-stop attention from Wall Street—not to mention regular investors in the U.S. trying to understand what the heck is so special about Taobao—and proved there’s only room for one sun in the heavens of the Chinese tech sector. At least as far as collective short-term attention span of the business world is concerned.
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