internet - Tencent moves into video-sharing

Only last Friday I predicted that the next move of Shenzhen-based internet giant Tencent would be into the video-sharing. Yesterday, at the Mobile Monday meeting Sage Brennan of Pacific Epoch confirmed that on his QQ VIP account with Tencent he could since yesterday upload and download video's.
The move has not yet been announced and is not available for ordinary subscribers, but is going to make another splash in the industry. Tencent, better know from their IM-service QQ, has been using their leverage by systematic expanding into other related fields. They now have positions as a portal and a host of weblogs. They will most likely also wipe away a large number of the now estimated 150 video-sharing sites in China.