Can Zoom Video Communications Counter This Chinese Tech Giant?
Shares of Zoom Video Communications (NASDAQ: ZM) have surged more than 75% this year as the COVID-19 pandemic boosted usage of its videoconferencing and remote collaboration tools. However, Zoom also faces a growing list of fierce competitors, including Cisco's (NASDAQ: CSCO) Webex, Microsoft (NASDAQ: MSFT) Teams, and Tencent (OTC: TCEHY) Meeting.
Tencent Meeting, known as VooV Meeting outside of China, is newer than Zoom, Webex, and Teams, but it's already gained over 10 million daily active users since its launch last December. Tencent launched the app in over 100 countries and regions in March, and the UN selected it to host a "global dialogue" to commemorate the organization's 75th anniversary on June 26.
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Source Fool.com
