Tencent

Tencent Holdings Limited
Native name
腾讯控股有限公司
Romanized name
Téngxùn Kònggǔ Yǒuxiàn Gōngsī
Type
Public
Traded as
  • SEHK: 700
  • Hang Seng Index component
ISINKYG875721634
IndustryConglomerate
Founded11 November 1998; 20 years ago
Founders
  • Ma Huateng
  • Zhang Zhidong
  • Xu Chenye
  • Chen Yidan
  • Zeng Liqing
HeadquartersTencent Binhai Mansion, Nanshan District,
Shenzhen
,
China
Area served
Worldwide
Key people
  • Ma Huateng (Chairman, CEO)
  • Martin Lau (President)
Products
  • Search engine
  • Social networking
  • instant messaging
  • mass media
  • web portals
  • e-commerce
  • web browser
  • antivirus software
  • artificial intelligence
  • music
  • payment system
  • film production
  • video games
  • online services
RevenueIncrease CN¥312.694 billion (2018)
Operating income
Increase CN¥97.648 billion (2018)
Net income
Increase CN¥79.984 billion (2018)
Total assetsIncrease CN¥723.521 billion (2018)
Total equityIncrease CN¥356.207 billion (2018)
OwnerNaspers (31.2%)
Number of employees
54,309 (Dec 31 2018)
Websitetencent.com
Tencent
Tencent (Chinese characters).svg
"Tencent" in Simplified (top) and Traditional (bottom) Chinese characters
Simplified Chinese腾讯
Traditional Chinese騰訊
Tencent Holdings, Ltd.
Simplified Chinese腾讯控股有限公司
Traditional Chinese騰訊控股有限公司
Tencent Holdings Limited (Chinese: 腾讯控股有限公司; pinyin: Téngxùn Kònggǔ Yǒuxiàn Gōngsī) is a Chinese multinational investment holding conglomerate founded in 1998, whose subsidiaries specialise in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally. Its twin-skyscrapers headquarters Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in Nanshan District, Shenzhen.
Tencent is the world's largest gaming company, one of the world's most valuable technology companies, one of the world's largest social media companies, and one of the world's largest venture capital firms and investment corporations. Its many services include social network, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games, which are all among the world's biggest and most successful in their respective categories. Offerings in China include the instant messenger Tencent QQ and one of the largest web portals, QQ.com. It also owns the majority of China's music services (Tencent Music Entertainment), with more than 700 million active users and 120 million paying subscribers. The company surpassed the market value of US$500 billion in 2018, becoming the first Asian technology company to cross the valuation mark. It has since then emerged as one of Asia's most valuable companies, and among the world's top technology companies by market value. Tencent has been credited as one of the world's most innovative companies by numerous media and firms. As of 2018, Tencent has the 5th highest global brand value.

Tencent controls hundreds of subsidiaries and associates in numerous industries and areas, creating a broad portfolio of ownerships and investment across a diverse range of businesses including search engine, e-commerce, retail, video gaming, real estate, software, virtual reality, ride-sharing, banking, financial services, fintech, consumer technology, computer technology, automobile, film production, movie ticketing, music production, space technology, natural resources, smartphones, big data, agriculture, medical services, cloud computing, social media, IT, advertising, streaming media, artificial intelligence, robotics, UAVs, food delivery, courier services, e-book, internet services, education and renewable energy. It is one of the most active investment corporations in the world, with stakes in over 600 companies, and recent focus on start-ups within Asia’s burgeoning tech scene
Tencent Tencent Reviewed by bsm on August 06, 2019 Rating: 5

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