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Tencent

Tencent Holdings Ltd.
Native name
腾讯控股有限公司
Company typePublic
ISINKYG875721634
IndustryTechnology
Founded7 November 1998 (1998-11-07)
Founders
HeadquartersTencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong, China
Key people
Products
RevenueIncrease CN¥609.015 billion (US$86.02 billion) (2023)[1]
Increase CN¥293.109 billion (US$41.40 billion) (2023)[1]
Decrease CN¥118.048 billion (US$16.67 billion) (2023)[1]
Total assetsIncrease CN¥1.578 trillion (US$222.88 billion) (2023)[1]
Total equityIncrease CN¥873.681 billion (US$123.40 billion) (2023)[1]
Owners
Number of employees
105,417 (2023)[1]
Divisions
Subsidiaries
ASN
Websitetencent.com
Tencent
"Tencent" in Simplified (top) and Traditional (bottom) Chinese characters
Simplified Chinese腾讯
Traditional Chinese騰訊
Transcriptions
Standard Mandarin
Hanyu PinyinTéngxùn
Bopomofoㄊㄥˊ ㄒㄩㄣˋ
Wade–GilesT'eng2-hsün4
Tongyong PinyinTéng-syùn
IPA[tʰə̌ŋ.ɕŷn]
Yue: Cantonese
Yale RomanizationTàhng Seun
Jyutpingtang4 seon3
IPA[tʰɐŋ˩ sɵn˧]
Tencent Holdings, Ltd.
Simplified Chinese腾讯控股有限公司
Traditional Chinese騰訊控股有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinTéngxùn Kònggǔ Yǒuxiàn Gōngsī
Bopomofoㄊㄥˊ ㄒㄩㄣˋ ㄎㄨㄥˋ ㄍㄨˇ ㄧㄡˇ ㄒㄧㄢˋ ㄍㄨㄥ ㄙ
Wade–GilesTeng2-hsün4 K'ung4-ku3 Yu3-hsien4 Kung1-szu1
Tongyong PinyinTéng-syùn Kòng-gǔ Yǒu-siàn Gong-sih
IPA[tʰə̌ŋ.ɕŷn kʰʊ̂ŋ.kù jòʊ.ɕjɛ̂n kʊ́ŋ.sɹ̩́]
Yue: Cantonese
Jyutpingtang4 seon3 hung3 gu2 jau5 haan6 gung1 si1
IPA[tʰɐŋ˩ sɵn˧ hʊŋ˧ ku˧˥ jɐw˩˧ han˨ kʊŋ˥ si˥]

Tencent Holdings Ltd. (Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments.

Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology.[4] Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen.[5] In December 2023, architect Büro Ole Scheeren unveiled the latest helix-inspired design of Tencent's new global headquarters in Shenzhen. Known as Tencent Helix, it will accommodate more than 23,000 employees across nearly 500,000 square meters.[6]

Tencent is the world's largest video game vendor,[7] as well as one of the largest companies in the world by market capitalization.[8] It is among the largest social media,[9] venture capital, and investment corporations.[10][11] Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games.[12] It operates the instant messengers Tencent QQ and WeChat, along with the news site QQ.com.[13] The company surpassed a market value of US$500 billion in 2018, becoming the first Asian technology company to cross this valuation mark.[14][15][16] It has since then emerged as the most valuable publicly traded company in China, and is the world's tenth most valuable company by market value as of February 2022.[17][18][19][20] In 2015, 2018, and 2020, the company was ranked by the Boston Consulting Group and Fast Company among the 50 most innovative companies worldwide.[21][22][23] Tencent has stakes in over 600 companies,[24] and began focusing on tech start-ups in Asia in 2017.[25] TechCrunch characterized Tencent's investment strategy as letting its portfolio startups operate autonomously.[26] Tencent's valuation approached US$1 trillion in January 2021 before it plummeted.[27] Tencent Holdings was ranked 35th on Forbes Global 2000 2023 list.[28]

  1. ^ a b c d e f "2023 Annual Report" (PDF). Tencent.com. Retrieved 22 July 2024.
  2. ^ "prosus2021-annual-report2" (PDF). Archived (PDF) from the original on 25 June 2021. Retrieved 12 November 2021.
  3. ^ "TENCENT HOLDINGS LIMITED (700)". 15 September 2023. Retrieved 15 September 2023.
  4. ^ Cite error: The named reference biobk was invoked but never defined (see the help page).
  5. ^ "Tencent 2020 Annual Report" (PDF). hkexnews.hk. Archived from the original (PDF) on 30 October 2021.
  6. ^ Holland, Oscar (7 December 2023). "'Headquarters of the future': Plans for Chinese tech firm Tencent's vast new campus unveiled". CNN Style. Retrieved 22 May 2024.
  7. ^ "Inside Tencent's Struggle to Bring World's Hottest Game to China". Bloomberg.com. 23 August 2018. Archived from the original on 6 September 2018. Retrieved 19 September 2018.
  8. ^ French, Sally. "China has 9 of the world's 20 biggest tech companies". Marketwatch. Archived from the original on 19 September 2018. Retrieved 19 September 2018.
  9. ^ Ballard, John (24 December 2018). "Is Tencent a Buy?". The Motley Fool. Archived from the original on 10 January 2019. Retrieved 10 January 2019.
  10. ^ "Tencent's 60,000% Runup Leads to One of the Biggest VC Payoffs Ever". Bloomberg.com. Archived from the original on 9 September 2018. Retrieved 23 September 2018.
  11. ^ "Tencent, the "SoftBank of China," has invested tens of billions globally since 2015 – Quartz". qz.com. Archived from the original on 8 February 2022. Retrieved 23 September 2018.
  12. ^ "Tencent, More Than QQ Instant Messaging In China". thechinaobserver.com. 27 January 2009. Archived from the original on 26 April 2009.
  13. ^ Schonfeld, Erick (27 March 2008). "For Chinese IM Portal Tencent, The Money Is In Micro-Transactions". TechCrunch. Retrieved 9 December 2022.
  14. ^ "Tencent joins US$500 billion valuation line up". Archived from the original on 24 August 2020. Retrieved 20 November 2017.
  15. ^ "Tencent Holdings Market Cap (TCEHY)". ycharts.com. Archived from the original on 4 August 2017. Retrieved 22 July 2017.
  16. ^ "Tencent posts 69 percent jump in quarterly net profit; becomes the most valuable company in Asia". Tech2. Archived from the original on 17 November 2017. Retrieved 16 November 2017.
  17. ^ Kharpal, Arjun (20 November 2017). "Tencent becomes first Asian company to be valued over $500 billion". CNBC. Archived from the original on 20 November 2017. Retrieved 20 November 2017.
  18. ^ Cite error: The named reference wsj-tesla-stock was invoked but never defined (see the help page).
  19. ^ "Companies ranked by Market Cap – CompaniesMarketCap.com". companiesmarketcap.com. Archived from the original on 14 April 2021. Retrieved 21 April 2021.
  20. ^ Soon, Weilun (18 February 2022). "Chinese tech giant Tencent jumps onto the list of the world's 10 most valuable companies as Meta slides on stock rout". Business Insider. Retrieved 30 August 2022.
  21. ^ Borromeo, EL (5 December 2015). "World's 50 Most Innovative Firms Include Tencent, Huawei and Lenovo". Yibada English. Archived from the original on 28 August 2017. Retrieved 12 May 2017.
  22. ^ "BCG: Tencent is the Most Innovative Company in China in 2015". China Internet Watch. 5 January 2016. Archived from the original on 29 September 2017. Retrieved 12 May 2017.
  23. ^ Ge, Yang (22 February 2018). "Tencent Tops Chinese Leader Board on Global Innovator List". Caixin Global. Archived from the original on 15 August 2018.
  24. ^ "Tencent grows profits with aggressive investment strategy". South China Morning Post. 16 January 2019. Archived from the original on 16 January 2019. Retrieved 16 January 2019.
  25. ^ Krapels, Nicholas (17 July 2017). "Tencent Vs. Alibaba: Complex Cross-Ownership Structures Cause Criminally Undervalued Chinese Super-Conglomerates". Seeking Alpha. Archived from the original on 30 September 2020. Retrieved 13 September 2017.
  26. ^ Liao, Rita (8 January 2021). "Tencent investment stays on game in 2020". TechCrunch. Archived from the original on 8 February 2022. Retrieved 13 April 2021.
  27. ^ "Tencent Shares Tumble After Approaching $1 Trillion Valuation". Bloomberg. 25 January 2021. Retrieved 1 November 2021.
  28. ^ "The Global 2000 2023". Forbes. Archived from the original on 29 January 2024. Retrieved 7 February 2024.

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