Snapchat
We have our doubts that the trend of putting goofy filters on our images would have started if Snapchat hadn’t existed. Founders Bobby Murphy and Evan Spiegel began the app in 2011, with no idea how successful it would become. Snapchat is currently valued at more than $20 billion, according to some estimates. In 2017, the Chinese business Tencent expanded its reach to include the social media platform Snapchat. Investing more than $2 billion to acquire a 10% interest in the social media platform, this tech behemoth is hoping to reap substantial financial rewards in the future. Additionally, Tencent assisted Snapchat in developing augmented reality capabilities through the use of its technological skills, which was previously mentioned.
Snapchat
Ingram Micro
Ingram Micro began as a modest tech product distributor in 1979. Today, the company has grown to be a global leader in technology distribution. Due to its success, it has grown from a small startup to a multibillion-dollar corporation. In the early 1990s, it acquired Softinvest, a Belgian firm that was being developed. This move allowed Ingram to distribute HP products and establish an even stronger position in the market. For $6 billion, a Chinese business affiliated with the HNA Group, Tianjin Tianhai Investment, acquired Ingram Micro in 2016. As a result, it became one of the most profitable subsidiaries of the parent firm across the entire portfolio. On the other hand, this resulted in Ingram having a far greater international footprint.
Ingram Micro
