Tencent Holdings Ltd. is a Shenzhen-based Chinese multinational technology and entertainment conglomerate and holding company. It is one of the highest revenue generating multimedia companies in the world. Based on its investments, it is also the world’s largest company in the video game industry, with Tencent Games being the division of Tencent Interactive Entertainment Group (IEG) dedicated to game publishing.
It was founded in 1998 and its subsidiaries market a variety of Internet-related services and products, including those related to entertainment, artificial intelligence and other technologies, on a global scale. Tencent Seafront Towers (also known as Tencent Binhai Mansion), the company’s headquarters, is located in the Nanshan District of Shenzhen.
Tencent is the largest retailer of video games and one of the most valuable companies in the world. It is one of the largest companies in the social media, venture capital and investment industries. Social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones and online multiplayer games are among its services. It administers the instant messaging applications Tencent QQ and WeChat, as well as QQ.com. Additionally, it owns Tencent Music.
In 2018, the company surpassed a market capitalization of $500 billion, becoming the first Asian technology company to do so. Since then, it has become the most valuable listed company in China and, as of February 2022, the tenth most valuable company in the world by market capitalization. In 2015, 2018 and 2020, the Boston Consulting Group and Fast Company ranked the company among the world’s 50 most innovative companies. Tencent has stakes in more than 600 companies and shifted its focus to Asian tech startups in 2017. TechCrunch described Tencent’s investment strategy as allowing its portfolio companies to operate independently. In January 2021, Tencent’s valuation approached $1 trillion before plummeting. In September 2022, Tencent bought back shares for $2.3 billion.
Founded: 1998
Headquarters: Tencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong
Website: https://www.tencent.com/
