HOME

TheInfoList



OR:

Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and
holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
headquartered in
Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
. 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 The video game industry encompasses the development, marketing, and monetization of video games. The industry encompasses dozens of job disciplines and thousands of jobs worldwide. The video game industry has grown from niches to mainstrea ...
based on its investments, with
Tencent Games Tencent Games () is the video game publishing division of Tencent Interactive Entertainment, itself a division of Tencent Holdings. It has five internal studio groups, including TiMi Studio Group. Tencent Games was founded in 2003 to focus on on ...
being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games. Founded in 1998, its subsidiaries globally market various
Internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...
-related services and products, including in entertainment, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of
Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
. Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. It is among the largest
social media Social media are interactive media technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks. While challenges to the definition of ''social medi ...
,
venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...
, and
investment corporation An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under th ...
s. Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games. It operates the
instant messenger Instant messaging (IM) technology is a type of online chat allowing real-time text transmission over the Internet or another computer network. Messages are typically transmitted between two or more parties, when each user inputs text and tri ...
s
Tencent QQ Tencent QQ (), also known as QQ, is an instant messaging software service and web portal developed by the Chinese technology company Tencent. QQ offers services that provide online social games, music, shopping, microblogging, movies, and grou ...
and
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
, and QQ.com. It also owns
Tencent Music Tencent Music Entertainment Group () is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, Kugou, Kuwo, and WeSing; which have more than 800 million active users and 120 million payi ...
. The company surpassed a market value of US$500 billion in 2018, becoming the first Asian technology company to cross this valuation mark. 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. In 2015, 2018, and 2020, the company was ranked by the
Boston Consulting Group Boston Consulting Group, Inc. (BCG) is an American global management consulting firm founded in 1963 and headquartered in Boston, Massachusetts. It is one of the Big Three (or MBB, the world’s three largest management consulting firms by re ...
and
Fast Company ''Fast Company'' is a monthly American business magazine published in print and online that focuses on technology, business, and design. It publishes six print issues per year. History ''Fast Company'' was launched in November 1995 by Alan Web ...
among the 50 most innovative companies worldwide. Tencent has stakes in over 600 companies, and began focusing on tech start-ups in Asia in 2017.
TechCrunch TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $ ...
characterized Tencent's investment strategy as letting its portfolio startups operate autonomously. Tencent's valuation approached US$1 trillion in January 2021 before it plummeted. As of September 2022, Tencent has lost over 60% of its market value since its peak in January 2021.


History


1998–2010: Founding and growth

Tencent was founded by
Pony Ma Ma Huateng (, born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. He is the founder, chairman and chief executive officer of Tencent, one of the most valuable companies in Asia, one of the largest intern ...
,
Zhang Zhidong Zhang Zhidong () (4 September 18375 October 1909) was a Chinese politician who lived during the late Qing dynasty. Along with Zeng Guofan, Li Hongzhang and Zuo Zongtang, Zhang Zhidong was one of the four most famous officials of the late Qing ...
, Xu Chenye, Charles Chen and Zeng Liqing in November 1998Investing in China: The Emerging Venture Capital Industry
Jonsson Yinya Li, ''Google Book Search''
as Tencent Inc,Tencent
Tencent official site
incorporated in the Cayman Islands.2008 Annual Report
Tencent Official Site
The name "Tencent" is based on its Chinese name Tengxun (), which incorporates part of Pony Ma's Chinese name (Ma Hua''teng''; 马化「腾」) and literally means "galloping fast information". Initial funding was provided to it by
venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth poten ...
ists.Biographical Dictionary of New Entrepreneurs and Business Leaders, pp. 111–112
Ilan Alon and Wenxian Zhang. Edward Elgar Publishing, 2009. Google Book Search.
In February 1999, Tencent's messenger product
OICQ Tencent QQ (), also known as QQ, is an instant messaging software service and web portal developed by the Chinese technology company Tencent. QQ offers services that provide online social games, music, shopping, microblogging, movies, and grou ...
released. Shortly after, Tencent had the client's name changed to QQ; this was said to be due to a lawsuit threat from ICQ and its owner AOL. The company remained unprofitable for the first three years. South African media company
Naspers Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its ...
purchased a 46.5% share of Tencent in 2001 As of 2021, it owns 30.86% through
Prosus Prosus N.V., or Prosus, is a global investment group that is investing and operating across sectors and markets with long-term growth potential. It is among the largest technology investors in the world. Prosus has invested across multiple verti ...
, which also owns a stake in Tencent's sister companies, such as
OLX OLX Group is a Dutch-domiciled online marketplace headquartered in Amsterdam. The OLX consumer brand originated as OnLine eXchange in 2006. OLX Group is owned by Prosus, the international assets division of Naspers. History OLX brand and Naspe ...
, VK,
Trip.com Group Trip.com Group Limited (, formerly Ctrip.com International) is a Chinese multinational online travel company that provides services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management. Fo ...
,
Delivery Hero Delivery Hero is a German multinational online food-delivery service based in Berlin, Germany. The company operates in 50+ countries internationally in Europe, Asia, Latin America and the Middle East and partners with 500,000+ restaurants. Deli ...
,
Bykea Bykea, stylized as BYKEA, is a Pakistani ride hailing service and parcel delivery company based in Karachi, Pakistan. It was founded by Muneeb Maayr in 2016. It competes with Careem Bike and Uber Moto in the region. History Bykea was started i ...
, Meesho,
Stack Overflow In software, a stack overflow occurs if the call stack pointer exceeds the stack bound. The call stack may consist of a limited amount of address space, often determined at the start of the program. The size of the call stack depends on many facto ...
,
Udemy Udemy, Inc. is a global destination for teaching and learning online. It was founded in May 2010 by Eren Bali, Gagan Biyani, and Oktay Caglar. As of November 2022, the platform has more than 57 million students, 213,000 courses, and 74,000 ins ...
,
Codecademy Codecademy is an American online interactive platform that offers free coding classes in 12 different programming languages including Python, Java, Go, JavaScript, Ruby, SQL, C++, C#, and Swift, as well as markup languages HTML and CSS. The ...
,
Brainly Brainly is a company based in Kraków, Poland, with headquarters in New York City. It is social learning platform where students and educators solve their academic problems together Brainly's mission is to inspire students to share and explore ...
and
PayU PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrate ...
. Tencent Holding Ltd was listed on the Hong Kong Stock Exchange on 16 June 2004, and it was added as a
Hang Seng Index Constituent Stock The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator ...
in 2008. The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive extras. By 2005, charging for use of QQ mobile, its cellular
value-added service A value-added service (VAS) is a popular telecommunications industry{{cite web, url=http://www.prweb.com/releases/2013/11/prweb11284640.htm, title=Global Mobile Value Added Services (VAS) Market: Worldwide Industry Share, Investment Trends, Growth, ...
, and
licensing A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreeme ...
its penguin character, which could be found on snack food and clothing, had also become income generators. By 2008, Tencent was seeing profit growth from the sale of
virtual goods Virtual goods are non-physical objects and money purchased for use in online communities or online games. Digital goods, on the other hand, may be a broader category including digital books, music, and movies. Virtual goods are intangible by defin ...
. While Tencent's services have included online gaming since 2004, around 2007/2008 it rapidly increased its offerings by
licensing A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreeme ...
games. While at least two, ''
Crossfire A crossfire (also known as interlocking fire) is a military term for the siting of weapons (often automatic weapons such as assault rifles or sub-machine guns) so that their arcs of fire overlap. This tactic came to prominence in World War I. S ...
'' and ''
Dungeon Fighter Online ''Dungeon Fighter Online'' (''DFO''), known in South Korea as ''Dungeon & Fighter''. (''DNF''), is a multiplayer beat 'em up action role-playing game, developed and published for personal computers by Neople, a South Korean subsidiary of Nexon ...
'', were originally produced by South Korean game developers, Tencent now makes its own games. On 21 January 2011, Tencent launched Weixin (), a
social media Social media are interactive media technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks. While challenges to the definition of ''social medi ...
app. Now branded as WeChat, the app is one of the "super apps", due to its wide range of functions and platforms, and its over 1 billion monthly active users.


2011–2014: Early investments

On 18 February 2011, Tencent acquired a majority of equity interest (92.78%)Tencent Interim Report 2011
Tencent Official Site, Retrieved 22 February 2014.
in Riot Games, developer of
League of Legends ''League of Legends'' (''LoL''), commonly referred to as ''League'', is a 2009 multiplayer online battle arena video game developed and published by Riot Games. Inspired by '' Defense of the Ancients'', a custom map for ''Warcraft III'', ...
, for about US$230 million. Tencent had already held 22.34% of the equity interest out of a previous investment in 2008. On 16 December 2015, Riot Games sold its remaining equity to Tencent. Tencent acquired a minority stake in Epic Games, developer of franchises like ''
Fortnite ''Fortnite'' is an online video game developed by Epic Games and released in 2017. It is available in three distinct game mode versions that otherwise share the same general gameplay and game engine: ''Fortnite Battle Royale'', a free-to- ...
'', ''
Unreal Unreal may refer to: Books and TV * ''Unreal'' (short story collection), a 1985 book of short stories by Paul Jennings * ''Unreal'' (TV series), a 2015 television drama series on Lifetime Computing and games * ''Unreal'' (video game series), ...
'', '' Gears of War'' and ''
Infinity Blade ''Infinity Blade'' is an action role-playing game developed by Chair Entertainment and Epic Games and released through the Apple App Store on December 9, 2010. It was the first iOS video game to run on the Unreal Engine. In the game, the unname ...
'', in June 2012. Tencent in 2013 increased its stake in Kingsoft Network Technology, a subsidiary of Kingsoft Corporation, to 18%. Tencent previously had a 15.68% stake in the company and raised the stake through a US$46.98 million investment. Tencent took part in
Activision Blizzard Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. It was founded in July 2008 through the merger of Activision, Inc. (the publicly traded parent company of Activision Publishing) and Viven ...
splitting from
Vivendi Vivendi SE is a French mass media holding company headquartered in Paris. Widely known as the owner of Gameloft, Groupe Canal+, Havas, Editis, Prisma Media, Vivendi Village and Dailymotion, the company has activities in television, film, video ...
as a passive investor in 2013Activision buys itself back from Vivendi for $8 billion
joystiq.com, Retrieved 28 February 2014.
and now owns less than 4.9% of the shares as of 2017. On 17 September 2013, it was announced that Tencent had invested $448 million for a minority share in Chinese search engine
Sogou.com Sogou, Inc. () is a Chinese technology company that offers a search engine. It is a subsidiary of Tencent. The offices of Sogou are located on the southeast corner of Tsinghua University in Beijing. Sogou also has offices in Chengdu co-locate ...
, the subsidiary of
Sohu Sohu, Inc. () is a Chinese Internet company headquartered in the Sohu Internet Plaza in Haidian District, Beijing. Sohu and its subsidiaries offer advertising, a search engine (Sogou.com), on-line multiplayer gaming (ChangYou.com) and other se ...
, Inc. On 15 January 2014, Tencent said it would invest HKD 1.5 billion (US$193.45 million) in logistics and warehouse firm China South City Holdings Ltd to develop its e-commerce and logistics business. On 27 February 2014, Tencent purchased a 20-percent stake in restaurant ratings and group-buying website Dianping for $400 million. On 10 March 2014, Tencent bought a 15 percent stake in Chinese e-commerce website
JD.com JD.com, Inc., also known as Jingdong (), internationally known as Joybuy and formerly called 360buy,
Inc. by paying cash and handing over its e-commerce businesses Paipai, QQ Wanggou and a stake in Yixun to JD.com to build a stronger competitor to Alibaba Group. On 22 May 2014, JD.com got listed on NASDAQ and Tencent expanded its stake in the company to 17.43% on a fully diluted basis by investing an additional US$1,325 million. On 27 March 2014, it was announced that Tencent had agreed to pay about $500 million for a 28 percent stake in South Korea's CJ Games. On 27 June 2014, Tencent announced that it had agreed to buy a 19.9 percent stake in Chinese e-commerce website 58.com (WUBA) Inc. for $736 million. On 17 April 2015, Tencent announced it bought an additional $400 million worth of shares, rising its stake in the company to about 25%. On 16 October 2014, via its wholly held subsidiary Hongze Lake Investment Ltd, Tencent announced that it had bought a 7% stake in lottery technology firm China LotSynergy Holdings Ltd for HKD 445.5 million (US$57.4 million). On 23 October 2014, Tencent pitched in $145 million for a 10 percent stake in Koudai Gouwu, a Chinese mobile shopping portal. In November 2014, the company announced a deal with HBO which would give it exclusive rights for distribution in China. On 9 December 2014, Chinese taxi-hailing app Didi Dache announced that it had raised more than $700 million in a funding round led by Tencent and Singaporean state investment firm Temasek Holdings.


2015–2020: Continued investments

In January 2015, Tencent launched WeBank (China), China's first online-only bank. On 30 January 2015, Tencent announced that it had signed a US$700 million deal with the
National Basketball Association The National Basketball Association (NBA) is a professional basketball league in North America. The league is composed of 30 teams (29 in the United States and 1 in Canada) and is one of the major professional sports leagues in the United St ...
to stream American basketball games in China. Later that year, Chinese automaker BYD became the chief corporate sponsor for Tencent's NBA broadcasts. On 21 June 2016 Tencent announced a deal to acquire 84.3% of
Supercell A supercell is a thunderstorm characterized by the presence of a mesocyclone: a deep, persistently rotating updraft. Due to this, these storms are sometimes referred to as rotating thunderstorms. Of the four classifications of thunderstorms ( ...
, developer of
Clash of Clans ''Clash of Clans'' is a 2012 free-to-play mobile strategy video game developed and published by Finnish game developer Supercell. The game was released for iOS platforms on August 2, 2012, and on Google Play for Android on October 7, 2013. ...
, with US$8.6 billion. In July 2016, Tencent acquired a majority stake in China Music Corporation. In 2016, Tencent, together with
Foxconn Hon Hai Precision Industry Co., Ltd., trading as Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New ...
and luxury-car dealer Harmony New Energy Auto founded Future Mobility, a car startup (now defunct) that aimed to sell all-electric fully autonomous premium cars. On 28 March 2017,
Tesla, Inc. Tesla, Inc. ( or ) is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid- ...
announced Tencent had purchased a 5% stake in Tesla for US$1.78 billion, the automotive control systems of which it subsequently successfully performed penetration-testing until 2019. In a "direct challenge to Chinese search engine
Baidu Baidu, Inc. ( ; , meaning "hundred times") is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence (AI), headquartered in Beijing's Haidian District. It is one of the l ...
," in May 2017, Tencent entered news feed and search functions for its
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
app, which the ''Financial Times'' reported was used by 770 million people at the time. In May 2017, Tencent surpassed
Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...
to enter the world's top 10 most valuable companies. Tencent has also entered an agreement with the Wuhu City Council to build the world's first eSports town in the city, which comprises an eSports theme park, eSports university, a cultural and creative park, an animation industrial park, creative block, tech entrepreneurial community and Tencent Cloud's data center. The site will be used for the education and accommodation of future eSports players, as well as hosting national eSports events and serving as a hub for Tencent's game development. Aside from Wuhu, another eSports theme park is planned in
Chengdu Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese pro ...
. In June 2017, Tencent became the 8th most valuable company in BrandZ's Top 100 Most Valuable Global Brands, signalling its growing influence globally as well as the rise of Chinese brands. Alibaba overtook Tencent as Asia's most valuable company as its stocks surged after the company hosted its 2017 Investor's day. The company has also developed its own voice assistant Xiaowei, and was in the midst of discussion to acquire
Rovio Entertainment Rovio Entertainment Oyj (formerly Relude Oy and Rovio Mobile Oy and doing business internationally as the Rovio Entertainment Corporation) is a Finnish video game developer based in Espoo. Founded in 2003 by Helsinki University of Technology s ...
, the developer of
Angry Birds ''Angry Birds'' is a Finnish action-based media franchise created by Rovio Entertainment. The game series focuses on the eponymous flock of angry birds who try to save their eggs from green-colored pigs. Inspired by the game ''Crush the Castl ...
. At the same time, Tencent introduced its mini-programs feature that allows smartphone users to access
mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on d ...
s across the globe on
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
without downloading them. In July 2017, Tencent bought a 9% share in Frontier Developments, the creator of the '' Elite: Dangerous'' and ''
Planet Coaster ''Planet Coaster'' is a construction and management simulation video game developed and published by Frontier Developments for Microsoft Windows. It was released worldwide on 17 November 2016. Frontier had previously worked in the amusement par ...
'' franchises; as well as developer for '' Rollercoaster Tycoon'' 2 & 3. In August 2017, after Tencent announced the second quarter 2016 financial report, the stock price rose by 6.2% in the Hong Kong stock market, and the market value reached US$429 billion. Tencent became the second Asian company after Alibaba Group to surpass US$400 billion market cap. Tencent has also created an alliance to its own AI self-driving program, similar to
Baidu Baidu, Inc. ( ; , meaning "hundred times") is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence (AI), headquartered in Beijing's Haidian District. It is one of the l ...
's Apollo Project, recruiting numerous industry players in the
automotive industry The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such ...
. It is also collaborating with
L'Oréal L'Oréal S.A. () is a French personal care company headquartered in Clichy, Hauts-de-Seine with a registered office in Paris. It is the world's largest cosmetics company and has developed activities in the field concentrating on hair color, ...
, the world's largest cosmetics company, to explore digital marketing under the Joint Business Partnership (JBP) agreement. In November 2017, Tencent revealed that it had purchased a 12% stake in
Snap Inc. Snap Inc. is an American camera and social media company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown based in Santa Monica, California. The company developed and maintains technological products and services ...
in the open market, with plans to help establish Snapchat as a gaming platform. Tencent remained the largest video game publisher in the world by revenue, and had a market capitalisation of around $475 billion. In the same month, Tencent announced that WeChat reached 980 million
monthly active users Active users is a measurement metric that is commonly used to measure the level of engagement for a particular product or object, by quantifying the number of active interactions from visitors within a relevant range of time (daily, weekly and m ...
, and said to be earmarking billions of dollars to amass a catalogue of user-generated content, in competition with
YouTube YouTube is a global online video sharing and social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by Google, and is the second mo ...
. The company became the first Asian company to cross US$500 billion valuation, surpassing Facebook to enter the top 5 list of the world's biggest firms. In January 2018, Tencent and
The Lego Group Lego A/S (trade name: The Lego Group) is a Danish toy production company based in Billund, Denmark. It manufactures Lego-brand toys, consisting mostly of interlocking plastic bricks. The Lego Group has also built several amusement parks aroun ...
, the world's largest toy company, teamed up to jointly develop online games and potentially a social network aimed at children. It also launched its first unmanned shop in
Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
. Tencent led a US$5.2 billion investment in Wanda Commercial, together with
JD.com JD.com, Inc., also known as Jingdong (), internationally known as Joybuy and formerly called 360buy,
,
Sunac Sunac China Holdings Limited, or Sunac (), is a major property developer headquartered in Tianjin, China. The company focuses on large-scale, medium to high-end property developments. It does not only focus on its home market of Tianjin, but also ...
and Suning Group, to acquire shares in the conglomerate. Wanda Commercial was renamed Wanda Commercial Management Group. Tencent bought a 5% to 10% minority stake in
Skydance Media Skydance Media, LLC (formerly known as Skydance Productions) is an American production company based in Santa Monica, California. Founded by David Ellison in 2006, the company entered a five-year partnership to co-produce and co-finance films with ...
. On 23 January 2018, Tencent and
Carrefour Carrefour () is a French multinational retail and wholesaling corporation headquartered in Massy, France. The eighth-largest retailer in the world by revenue, it operates a chain of hypermarkets, groceries stores and convenience stores, whic ...
reached strategic co-operation agreement in China. On 15 August 2018, Tencent reported a profit decline in the second quarter of 2018, ending a growth streak of more than a decade, as investment gains slid and the government's scrutiny of the gaming business weighed on the company. Shares of Tencent fell 3% in morning trade in Hong Kong after the rare drop in quarterly profit was reported, extending a slide that has wiped nearly $50 billion in market value from the company in that week. The sell-off dragged down many other Chinese internet stocks as well. On 6 September 2018,
Luckin Coffee Luckin Coffee Inc. () is a Chinese coffee company and coffeehouse chain. It was founded in Beijing in 2017. , it managed 5,671 kiosks. The company operates shops, stores, and kiosks that offer coffee, tea, and food. Customers need to download ...
signed a strategic cooperation agreement with Tencent. In October 2019, Tencent began sending out refunds to customers after cancelling the broadcast of NBA games in response to the Houston Rockets general manager
Daryl Morey Daryl Morey (born September 14, 1972) is an American sports executive who is the president of basketball operations of the Philadelphia 76ers of the National Basketball Association (NBA). He co-founded the annual MIT Sloan Sports Analytics Con ...
's social media comments in support of
protests in Hong Kong A protest (also called a demonstration, remonstration or remonstrance) is a public expression of objection, disapproval or dissent towards an idea or action, typically a political one. Protests can be thought of as acts of coopera ...
. On 29 June 2020, Tencent acquired the video-on-demand service
iflix WeTV iflix, or simply iflix, is a Malaysian free and subscription video on demand (VOD) service focused on emerging markets. Its global headquarters are in Kuala Lumpur, Malaysia. The site serves as a digital hosting and distribution platform fo ...
in
Kuala Lumpur , anthem = ''Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , sub ...
,
Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
. In September 2020, Tencent picked Singapore as its hub in Asia, joining rivals
ByteDance ByteDance Ltd. () is a Chinese internet technology company headquartered in Beijing and incorporated in the Cayman Islands. Founded by Zhang Yiming, Liang Rubo and a team of others in 2012, ByteDance developed the video-sharing social network ...
and Alibaba in the race to reinforce their presence closer to home after complications in India and the United States.


2021–present: Regulatory scrutiny

In July 2021, China's antitrust regulator formally blocked Tencent's plan to merge China's top two video game streaming sites,
Huya Live Huya Live ( zh, s=虎牙直播, p=Hǔyá Zhíbò) is a Chinese video live streaming service. The site is one of the largest of its kind in China, and also operates globally as Nimo TV. Similar to other streaming services like Loco, the site pri ...
and
DouYu DouYu () is a Chinese video live streaming service. The site is the largest of its kind in China with 163.6 million monthly active users in 2019, more than the 140 million monthly active users of Twitch. In July 2019 DouYu International Holdin ...
, after it had failed to come up with sufficient remedies to meet the SAMR's requirements on giving up exclusive rights. This comes after the company recently withdrew the merger application for antitrust review and refiled it after SAMR told the company it could not complete the review of the merger within 180 days since its first filing. Tencent's plan to take search engine
Sogou Sogou, Inc. () is a Chinese technology company that offers a search engine. It is a subsidiary of Tencent. The offices of Sogou are located on the southeast corner of Tsinghua University in Beijing. Sogou also has offices in Chengdu co-locate ...
private was approved by the SAMR. Tencent later announced too its intention to take DouYu private, in part due to the unsuccessful merger, but also due to lacklustre business performance and disagreements over strategy among company executives. Tencent is currently the largest stakeholder in DouYu with a 37% stake. On 17 December 2021, Tencent announced it had acquired Slamfire Inc. and its subsidiary
Turtle Rock Studios Turtle Rock Studios (known as Valve South between 2008 and 2010) is an American video game developer founded in March 2002 by Michael Booth. It was acquired by Valve in 2008, but was re-founded in 2011 as an independent company by Phil Robb and ...
, the developer behind
Left 4 Dead ''Left 4 Dead'' is a 2008 first-person shooter game developed by Valve South and published by Valve. It was originally released for Microsoft Windows and Xbox 360 in November 2008 and for Mac OS X in October 2010, and is the first title in the ...
and
Back 4 Blood ''Back 4 Blood'' is a first-person shooter developed by Turtle Rock Studios and published by Warner Bros. Interactive Entertainment. It was released on October 12, 2021, for Microsoft Windows, PlayStation 4, PlayStation 5, Xbox One, and Xbox Ser ...
. In January 2022, reports emerged that Tencent was one of the major tech conglomerates to receive a fine from the SAMR for failing to report their merger and acquisition (M&A) deals in advance. According to China's antitrust law, official approval is required before the completion of a M&A deal if the combined annual revenue of all entities involved is at least RMB 10 billion (US$1.57 billion), and at least two entities have at least RMB 400 million (US$62.7 million) in annual revenue. Of the 13 deals cited in total by the SAMR, each carried a fine of RMB 500,000 (US$78,700) and Tencent received a total fine of RMB 4.5 million (US$710,000) for its involvement in nine deals. On 11 January 2022, it was announced that Tencent was in talks to acquire Xiaomi-backed Black Shark, one of the largest gaming smartphone makers in China. The acquisition would have been Tencent's first in a hardware maker and would have overseen Black Shark's transition into a manufacturer of VR headsets to support Tencent's plans for its metaverse business in the future. Reports initially suggested that Black Shark would be acquired for RMB 2.7 billion (US$420 million), although Tencent walked away from the deal due to regulatory scrutiny of metaverse businesses in China. In June 2022, Tencent posted its slowest revenue gain since going public in 2004, partly caused by a 15% decrease in advertising revenue. The decline was attributed to the pandemic and tighter regulations imposed by the Chinese government. In September 2022, Tencent acquired a 49.9% stake and 5% voting rights in Guillemot Brothers Limited,
Ubisoft Ubisoft Entertainment SA (; ; formerly Ubi Soft Entertainment SA) is a French video game publisher headquartered in Saint-Mandé with development studios across the world. Its video game franchises include '' Assassin's Creed'', ''Far Cry'', ...
's parent company. On 16 September 2022, Tencent took a minority stake in Mordhau studio Triternion. In November 2022, Tencent announced that it would divest the majority of its US$20.3 billion stake in
Meituan Meituan (, literally "beautiful group"), formerly Meituan-Dianping, is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. The company is headq ...
through a dividend distribution to shareholders, in part due to China's earlier regulatory crackdown on tech giants.


Products and services


Social media

Launched in February 1999,Investor Fact Sheet
Tencent Official Site
Tencent QQ Tencent QQ (), also known as QQ, is an instant messaging software service and web portal developed by the Chinese technology company Tencent. QQ offers services that provide online social games, music, shopping, microblogging, movies, and grou ...
is Tencent's first and most notable product, QQ is one of the most popular
instant messaging Instant messaging (IM) technology is a type of online chat allowing real-time text transmission over the Internet or another computer network. Messages are typically transmitted between two or more parties, when each user inputs text and trigge ...
platforms in its home market. As of 31 December 2010, there were 647.6 million active
Tencent QQ Tencent QQ (), also known as QQ, is an instant messaging software service and web portal developed by the Chinese technology company Tencent. QQ offers services that provide online social games, music, shopping, microblogging, movies, and grou ...
IM user accounts, making
Tencent QQ Tencent QQ (), also known as QQ, is an instant messaging software service and web portal developed by the Chinese technology company Tencent. QQ offers services that provide online social games, music, shopping, microblogging, movies, and grou ...
the world's largest online community at the time. The number of QQ accounts connected simultaneously has, at times, exceeded 100 million. While the IM service itself is free, a fee was being charged for mobile messaging as of 2006.The party, the people and the power of cyber-talk
economist.com, 27 April 2006
Tencent also created QQ International, which is an English version of QQ that allows communication with mainland accounts, QQi is available for Windows and macOS. In 2005, Tencent launched
Qzone Qzone () is a social networking website based in China which was created by Tencent in 2005. It allows users to write blogs, keep diaries, send photos, listen to music, and watch videos. Users can set their Qzone background and select accessories ...
, a social networking/blogging service integrated within QQ. Qzone has become one of the largest social networking services in China, with a user base of 645 million in 2014. On 10 April 2010, Tencent launched
Tencent Weibo Tencent Weibo was a Chinese microblogging (weibo) website launched by Tencent in April 2010, and was shut down on September 28th, 2020. Users could broadcast a message including 140 Chinese characters at most through the web, SMS or smartphone. ...
, a
microblogging Microblogging is a form of social network that permits only short posts. They "allow users to exchange small elements of content such as short sentences, individual images, or video links",. Retrieved June 5, 2014 which may be the major reason for ...
service.
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
is a
mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on d ...
with voice- and text messaging and a ''timeline''. It is the most popular social mobile application in China and some overseas Chinese communities, for instance,
Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
. As of 2017, WeChat has been unsuccessful in penetrating major international markets outside of China.


Entertainment


Video games

Tencent publishes video games via its Tencent Games division of Tencent Interactive Entertainment and holds many investments in domestic and, since the 2010s, foreign game companies. It has five internal studio groups,
TiMi Studio Group TiMi Studio Group (), a subsidiary of Tencent Games, is a video game development studio group headquartered in Shenzhen, China and offices in Singapore, Montréal, Seattle, Los Angeles, Chengdu, and Shanghai. TiMi generated an estimated revenue ...
, Lightspeed Studios, Aurora Studio Group, Morefun Studio and Next Studio.


= Foreign investments

=


= Former foreign stakes

= * Tencent had a 14.46% stake in
Glu Mobile Glu Mobile LLC is an American developer and publisher of video games for mobile phones and tablet computers. Founded in San Francisco, California, in 2004, Glu offers products to multiple platforms including Java ME-based devices, Android, Wind ...
before Glu sold itself to
Electronic Arts Electronic Arts Inc. (EA) is an American video game company headquartered in Redwood City, California. Founded in May 1982 by Apple employee Trip Hawkins, the company was a pioneer of the early home computer game industry and promoted the ...
. * Tencent had invested in Playdots, which was acquired by
Take-Two Interactive Take-Two Interactive Software, Inc. is an American video game holding company based in New York City and founded by Ryan Brant in September 1993. The company owns two major publishing labels, Rockstar Games and 2K, which operate internal ...
in August 2020. * Tencent invested in
Activision Blizzard Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. It was founded in July 2008 through the merger of Activision, Inc. (the publicly traded parent company of Activision Publishing) and Viven ...
as a minority investor with 5% in 2013, when the holding company bought itself from the
Vivendi Vivendi SE is a French mass media holding company headquartered in Paris. Widely known as the owner of Gameloft, Groupe Canal+, Havas, Editis, Prisma Media, Vivendi Village and Dailymotion, the company has activities in television, film, video ...
conglomerate which was part of it since 2008. In 2022, Activision Blizzard was sold to
Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washin ...
and so were the minority shares that Tencent owned for almost 10 years. * Tencent's
Sumo Group Sumo Group Limited is a British video game holding company based in Sheffield. It was formed in December 2017 as the parent company for Sumo Digital and Atomhawk, followed by its initial public offering on the London Stock Exchange later that ...
subsidiary wholly owned
Pipeworks Studios Pipeworks Studios is an American video game developer based in Eugene, Oregon. The company was founded in November 1999 by Dan White and Dan Duncalf and works to provide full development, co-development, and live operations to video game publ ...
until it was sold to
Jagex Jagex Limited is a British video game developer and publisher based at the Cambridge Science Park in Cambridge, England. It is best known for ''RuneScape'' and ''Old School RuneScape'', both free-to-play massively multiplayer online role-play ...
for an undisclosed sum in July 2022.


= Domestic investments

= * 20% ownership of Chinese company Wangyuan Shengtang, which publishes, among others, the
Gujian ''GuJian'' ( zh, s=古剑奇谭 琴心剑魄今何在, t=古劍奇譚 琴心劍魄今何在, p=Gǔjiàn Qítán Qínxīn Jiànpò Jīn Hézài, l=The tale of ancient swords: the story of a guqin and an ancient sword) is a 3D role-playing video g ...
franchise. * 18.6% ownership of Chinese company iDreamSky, which mainly develops and publishes
mobile games A mobile game, or smartphone game, is a video game that is typically played on a mobile phone. The term also refers to all games that are played on any portable device, including from mobile phone ( feature phone or smartphone), tablet, PDA to ...
for the Chinese market. * 5% ownership of Chinese company Century Huatong, which operates games developed by FunPlus. Tencent became a shareholder through an investment in Century Huatong's subsidiary
Shengqu Games Shengqu Games is a publisher and operator of online games based in Shanghai, China. Founded in 1999 as Shanda Interactive Entertainment Limited, it spun off from Shanda Interactive in 2009 and is currently owned by Zhejiang Century Huatong. Sha ...
. * 5% ownership of Chinese company Game Science, responsible for the development of '' Black Myth: Wukong''.


Television and cinema

In April 2009, Tencent launched iTQQ, a "smart interactive television service" in a joint effort with
TCL TCL or Tcl or TCLs may refer to: Business * TCL Technology, a Chinese consumer electronics and appliance company **TCL Electronics, a subsidiary of TCL Technology * Texas Collegiate League, a collegiate baseball league * Trade Centre Limited ...
. In 2015, Tencent launched
Tencent Pictures Tencent Pictures () is a Chinese film distributor and production company owned by Tencent. It has created films based on books, manhua, donghua and video games. In 2015, Tencent set up Tencent Penguin Pictures (Shanghai), a new movie production ...
(), a film distributor and a
production company A production company, production house, production studio, or a production team is a studio that creates works in the fields of performing arts, new media art, film, television, radio, comics, interactive arts, video games, websites, music, and v ...
that creates and distributes films based on
book A book is a medium for recording information in the form of writing or images, typically composed of many pages (made of papyrus, parchment, vellum, or paper) bound together and protected by a cover. The technical term for this physi ...
s,
comic book A comic book, also called comicbook, comic magazine or (in the United Kingdom and Ireland) simply comic, is a publication that consists of comics art in the form of sequential juxtaposed panels that represent individual scenes. Panels are of ...
s,
animated series An animated series is a set of animated works with a common series title, usually related to one another. These episodes should typically share the same main characters, some different secondary characters and a basic theme. Series can have eith ...
and
video game Video games, also known as computer games, are electronic games that involves interaction with a user interface or input device such as a joystick, controller, keyboard, or motion sensing device to generate visual feedback. This fee ...
s. In the same year, Tencent launched Tencent Penguin Pictures () a production unit focusing on online dramas and minor investments in feature films. It is under the Online Media Business Unit at Tencent and works closely with
Tencent Video Tencent Video (, also called WeTV outside of China) is a Chinese video streaming website owned by Tencent. The website was launched in April 2011, and is one of China's largest online video platforms. As of March 2022, Tencent Video has over 1.2 ...
.


Comics

On 21 March 2012, Tencent launched Tencent Comic, and would later become China's largest online animation platform. In September 2017, Tencent has announced plans to introduce Chinese online comics to every market around the world, with the first being North America. It will be working with
San Francisco San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...
-based digital publisher Tapas Media, a partnership that will see English-language releases of several popular online Chinese titles.


Music

In 2014, Tencent established exclusive in-China distribution agreements with several large music producers, including
Sony , commonly stylized as SONY, is a Japanese multinational conglomerate corporation headquartered in Minato, Tokyo, Japan. As a major technology company, it operates as one of the world's largest manufacturers of consumer and professiona ...
,
Warner Music Group Warner Music Group Corp. ( d.b.a. Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the " big three" recording companies and t ...
and
YG Entertainment YG Entertainment Inc. () is a South Korean multinational entertainment agency established in 1996 by Yang Hyun-suk. The company operates as a record label, talent agency, music production company, event management and concert production comp ...
and in 2017 it signed a deal with
Universal Music Group Universal Music Group N.V. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch– American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands and its ...
to stream its music in China. It also entered a partnership with Alibaba Group on music-streaming rights sharing, the deal aims to protect licensed streaming services offering copyrighted content of the music industry, encouraging more high-quality and original music, as well as developing China's fast-growing streaming market. Alibaba will gain the rights to stream music from international labels, which already have exclusive deals with Tencent, in return for offering reciprocal rights to its catalogue of
Chinese Chinese can refer to: * Something related to China * Chinese people, people of Chinese nationality, citizenship, and/or ethnicity **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of ...
and
Japanese Japanese may refer to: * Something from or related to Japan, an island country in East Asia * Japanese language, spoken mainly in Japan * Japanese people, the ethnic group that identifies with Japan through ancestry or culture ** Japanese diaspor ...
music. In December 2017, Tencent's music arm,
Tencent Music Tencent Music Entertainment Group () is a company that develops music streaming services for the Chinese market. Tencent Music's apps include QQ Music, Kugou, Kuwo, and WeSing; which have more than 800 million active users and 120 million payi ...
Entertainment (TME) and
Spotify Spotify (; ) is a proprietary Swedish audio streaming and media services provider founded on 23 April 2006 by Daniel Ek and Martin Lorentzon. It is one of the largest music streaming service providers, with over 456 million monthly active us ...
agreed to swap 10% stake and invested in each other's music businesses, forming an alliance in the music industry in which Martin Lau (president of Tencent) described it as a "strategic collaboration". In October 2019, Tencent Music reached a streaming music distribution agreement with CD Baby and
TuneCore TuneCore is a Brooklyn, New York–based independent digital music distribution, publishing and licensing service founded in 2005. TuneCore principally offers musicians and other rights-holders the opportunity to distribute and sell or stream the ...
to provide Independent Music Artists who distribute music through CD Baby and TuneCore access to the Chinese music market through Tencent's music streaming services QQ Music, KuGou, and Kuwo. In March 2020, Tencent acquired 10% of
Vivendi Vivendi SE is a French mass media holding company headquartered in Paris. Widely known as the owner of Gameloft, Groupe Canal+, Havas, Editis, Prisma Media, Vivendi Village and Dailymotion, the company has activities in television, film, video ...
's stake in
Universal Music Group Universal Music Group N.V. (often abbreviated as UMG and referred to as just Universal Music) is a Dutch– American multinational music corporation under Dutch law. UMG's corporate headquarters are located in Hilversum, Netherlands and its ...
, world's largest music group. In addition, it was given the option to buy another 10% with the same condition. In June 2020, Tencent bought 1.6% of
Warner Music Group Warner Music Group Corp. ( d.b.a. Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the " big three" recording companies and t ...
's shares after WMG launched its IPO in the same month.


Video streaming

In June 2011, Tencent launched
Tencent Video Tencent Video (, also called WeTV outside of China) is a Chinese video streaming website owned by Tencent. The website was launched in April 2011, and is one of China's largest online video platforms. As of March 2022, Tencent Video has over 1.2 ...
, a video streaming website. It also controls the live-streaming platform
Huya Live Huya Live ( zh, s=虎牙直播, p=Hǔyá Zhíbò) is a Chinese video live streaming service. The site is one of the largest of its kind in China, and also operates globally as Nimo TV. Similar to other streaming services like Loco, the site pri ...
and has stakes in other major Chinese game live-streaming platform operators, including
DouYu DouYu () is a Chinese video live streaming service. The site is the largest of its kind in China with 163.6 million monthly active users in 2019, more than the 140 million monthly active users of Twitch. In July 2019 DouYu International Holdin ...
,
Kuaishou Kuaishou ( zh, c=快手, l=quick hand) is a users video sharing, short video-sharing mobile app, a social network, and video special effects editor, based in Haidian District (Beijing), developed in 2011 by Beijing Kuaishou Technology, by engineer ...
and Bilibili. In March 2020, Tencent started testing
Trovo Live Trovo (formerly Madcat) is a Chinese video game live streaming platform owned by Tencent Games. Similarly to Twitch (service), Twitch, Trovo features tiered paid subscription options for each channel which gives subscribers customizable rewards ...
, a live-streaming service for worldwide users. Since June 2020, it owns the Malaysian Video-on-demand service
Iflix WeTV iflix, or simply iflix, is a Malaysian free and subscription video on demand (VOD) service focused on emerging markets. Its global headquarters are in Kuala Lumpur, Malaysia. The site serves as a digital hosting and distribution platform fo ...
.


Virtual reality

In late April 2017, Tencent announced it was preparing to launch its virtual reality headset that year.


E-commerce

In September 2005, Tencent launched PaiPai.com (), a auction site. In addition to PaiPai.com, Tencent launched TenPay, an online payment system similar to
PayPal PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...
, which supports B2B,
B2C Direct-to-consumer (DTC) or business-to-consumer (B2C) is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or any other middlemen. Direct-to-consumer sales are usually tr ...
, and payments.Products and Services, E-commerce
Tencent Official Site
In response to the dominance of the Chinese
e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain managem ...
market by Tencent competitor Alibaba Group, Tencent took great effort in its e-commerce platforms. On 10 March 2014, Tencent bought a 15 percent stake in Chinese e-commerce website
JD.com JD.com, Inc., also known as Jingdong (), internationally known as Joybuy and formerly called 360buy,
Inc. by paying cash and handing over its e-commerce businesses Paipai.com, QQ Wanggou, and a stake in Yixun to JD.com, as well as purchasing a stake in e-commerce website 58 Tongcheng. In accordance to this agreement, JD.com would receive exclusive access to Tencent's
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
and MobileQQ platforms. In May 2014, JD became the first Chinese e-commerce company to be listed on the NASDAQ exchange, under its ticker 'JD'. On 31 December 2015, JD announced that they will stop supporting services on Paipai.com after being unable to deal with issues involving fake goods, and had integrated the Paipai.com team within its other e-commerce platforms. In a 3-month transitional period, Paipai.com would be fully shut down by 1 April 2016. JD relaunched PaiPai.com as PaiPai Second Hand () to compete alongside 58 Tongcheng's Zhuanzhuan.com, both partially owned by Tencent, against Alibaba's Xianyu in the
second-hand Used goods mean any item of personal property offered for sale not as new, including metals in any form except coins that are legal tender, but excluding books, magazines, and postage stamps. Risks Furniture, in particular bedding or upholstere ...
e-commerce market. Tencent was reported in 2017 to be working with China's Central Bank to develop a central payments clearing platform for online payments. On 31 December 2021, it was reported Tencent had bought a stake in the UK digital bank,
Monzo Monzo Bank Ltd () is an neobank, online bank based in the United Kingdom. Monzo was one of the earliest of a number of new app-based challenger banks in the UK. Originally operating through a mobile app and a prepaid debit card, in April 2017 ...
.


Utility software

In March 2006, Tencent launched its search engine Soso.com (搜搜; to search).Products and Services > Online Media
Tencent Official Site

cnreviews.com, 14 April 2008
On 1 October 2012, it was the 33rd most visited website in the world, 11th most visited in China, as well as the 8th most visited website in South Korea, according to Alexa Internet. It was also a Chinese partner of
Google Google LLC () is an American Multinational corporation, multinational technology company focusing on Search Engine, search engine technology, online advertising, cloud computing, software, computer software, quantum computing, e-commerce, ar ...
, using
AdWords Google Ads (formerly Google AdWords) is an online advertising platform developed by Google, where advertisers bid to display brief advertisements, service offerings, product listings, or videos to web users. It can place ads both in the result ...
.What Valley Companies Should Know about Tencent
techcrunch.com, 20 June 2010
In September 2013, Tencent discontinued Soso.com after it invested in
Sogou Sogou, Inc. () is a Chinese technology company that offers a search engine. It is a subsidiary of Tencent. The offices of Sogou are located on the southeast corner of Tsinghua University in Beijing. Sogou also has offices in Chengdu co-locate ...
and replaced Soso.com with Sogou Search as its main search engine. In 2008, Tencent released a media player, available for free download, under the name QQ Player. Tencent also launched Tencent Traveler, a web browser based on
Trident A trident is a three- pronged spear. It is used for spear fishing and historically as a polearm. The trident is the weapon of Poseidon, or Neptune, the God of the Sea in classical mythology. The trident may occasionally be held by other mari ...
. It became the third most-visited browser in China in 2008.Products & Services > Instant Messaging Service
Tencent Official Site
QQ Haiwai is Tencent's first venture into international real estate listings and information and is the result of a partnership with Chinese international real estate website Juwai.com. Haiwai was announced at Tencent's annual regional summit in Beijing on 21 December 2016. In 2017, Tencent launched its own credit score system called Tencent Credit, with a process similar to that of Sesame Credit, operated by its competitor, the Alibaba Group, through its subsidiary Ant Financial.


Healthcare and insurance

Tencent has created WeChat Intelligent Healthcare, Tencent Doctorwork, and AI Medical Innovation System (AIMIS) Tencent Doctorwork has also merged with Trusted Doctors Tencent officially commences operations of its first insurance agency platform, WeSure Internet Insurance Ltd. (WeSure), to work with domestic insurance companies such as
Ping An Insurance Ping An Insurance known also as Ping An of China (), full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. ...
. In August 2017, Tencent released AI Medical Innovation System (AIMIS) or Miying (觅影 in Chinese), which has two core competencies: AI medical imaging and AI-assisted diagnosis. AI Medical Innovation System (AIMIS) is capable of helping doctors screen for several diseases such as diabetic retinopathy, lung cancer and esophageal cancer through its AI-assisted medical image analysis. Its AI-assisted medical diagnosis engine allows doctors to identify and estimate the risk of more than 700 diseases, improving the accuracy and efficiency of their diagnosis. The system is undergoing clinical validation in more than 100 major Chinese hospitals. It has already helped doctors read more than 100 million medical images and served nearly one million patients. Tencent's data shows that recognition accuracy reaches 90% for esophageal cancer, 97% for diabetic retinopathy and 97.2% for colorectal cancer. In general, Chinese medical institutions and companies are taking a proactive attitude toward AI. Nearly 80% of hospitals and medical enterprises plan to carry out, or have already carried out, medical AI applications, and more than 75% of hospitals believe that these applications will become popular in the future. During the
COVID-19 pandemic The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identi ...
, Tencent helped source 1.2 million protective masks for American medical staff combating the virus.


Data processing

On 27 March 2020, a co-innovation lab was launched by Tencent who will be in collaborations with
Huawei Huawei Technologies Co., Ltd. ( ; ) is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops, produces and sells telecommunications equipment, consumer electronics and various smar ...
in developing a
cloud-based Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mult ...
game platform by tapping into
Huawei Huawei Technologies Co., Ltd. ( ; ) is a Chinese multinational technology corporation headquartered in Shenzhen, Guangdong, China. It designs, develops, produces and sells telecommunications equipment, consumer electronics and various smar ...
's Kunpeng processor's power to build Tencent's GameMatrix cloud game platform. Along with further exploration in the possibilities of artificial intelligence and augmented reality elements in game. In October 2020, Tencent's AIMIS Image Cloud was introduced. AIMIS Image Cloud was designed to help patients manage their medical images and give permission to medical professionals to access their exams and reports. The AIMIS platform supports full images on the cloud to reduce repeated exams. It can also connect medical institutions at all levels through cloud based Picture Archiving and Communication Systems (PACS), allowing patients to take examinations in primary medical institutions and obtain expert diagnosis remotely. Doctors can conduct online consultations through Tencent real-time audio and video facilities when they encounter difficult cases and work collaboratively on images to communicate more efficiently. On 26 May 2020, Tencent announced it planned to invest 500 billion yuan (US$70 billion) over the next five years in new digital infrastructure, a major hi-tech initiative that would bolster Beijing's efforts to drive economic recovery in the post-coronavirus era.


Other

In June 2020, Tencent has unveiled plans for an urban development dubbed "Net City", a 21-million-square-foot development, equivalent in size to Monaco, in Shenzhen. It will prioritize pedestrians, green spaces and self-driving vehicles. It will include corporate offices, a school, apartments, sports facilities, parks and retail space, according to the project's architect, NBBJ. At the end of June 2020, Tencent has increased its direct stake in Nio to 15.1% after acquiring more of the Chinese electric vehicle maker's New York-listed shares recently. Tencent spent $10 million to buy 1.68 million American Depositary Shares earlier in the month, according to Nio's latest filing with the U.S. Securities and Exchange Commission. The Shenzhen-based social media and entertainment conglomerate also controls another 16% stake in Nio's ADSs through three of its units. Tencent was the second-largest Nio shareholder in terms of voting rights after Li Bin, founder of the automaker, who held 13.8% in shares but 47% voting rights, according to a March filing by the company. As of 8 July, they bought another amount of shares increasing their stake in Nio to 16.3%.


Corporate governance

Tencent's largest shareholder is
Prosus Prosus N.V., or Prosus, is a global investment group that is investing and operating across sectors and markets with long-term growth potential. It is among the largest technology investors in the world. Prosus has invested across multiple verti ...
(majority owned by
Naspers Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its ...
), which owns 30.86% of all shares and hence is the
controlling shareholder A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the majo ...
. However, Ma Huateng, co-founder of Tencent, still owns a significant stake (8.42%). Tencent's headquarters is currently the
Tencent Binhai Mansion Tencent Binhai Mansion (), or Tencent Seafront Towers, are twin skyscrapers in Houhai, Nanshan District, Shenzhen, China. Construction of the buildings started in 2012. They were topped out in February 2015 and fully completed by the first hal ...
, also known as the Tencent Seafront Towers, which is located in
Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
's Nanshan District. In addition to its headquarters in Shenzhen, Tencent also has offices in
Beijing } Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
,
Shanghai Shanghai (; , , Standard Mandarin pronunciation: ) is one of the four direct-administered municipalities of the People's Republic of China (PRC). The city is located on the southern estuary of the Yangtze River, with the Huangpu River flowin ...
,
Chengdu Chengdu (, ; simplified Chinese: 成都; pinyin: ''Chéngdū''; Sichuanese pronunciation: , Standard Chinese pronunciation: ), alternatively romanized as Chengtu, is a sub-provincial city which serves as the capital of the Chinese pro ...
, and
Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...
. Tencent has a unitary board consisting of Tencent co-founder, CEO, and chairman
Ma Huateng Ma Huateng (, born on October 29, 1971), also known as Pony Ma, is a Chinese billionaire business magnate. He is the founder, chairman and chief executive officer of Tencent, one of the most valuable companies in Asia, one of the largest intern ...
, also known as Pony Ma, executive director and
President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...
of Tencent Martin Lau, non-executive directors Jacobus "Koos" Bekker and Charles Searle of
Naspers Naspers Limited is a South African multinational internet, technology and multimedia holding company headquartered in Cape Town, with interests in online retail, publishing and venture capital investment. Naspers' principal shareholder is its ...
, and independent non-executive directors Li Dongsheng, Iain Bruce, Ian Stone, and Yang Siushun. Tencent's governance is aided by its Strategy Department, commonly known as SD, which provides business analytics for the corporation's various divisions.


Subsidiaries

Tencent has at least four wholly foreign-owned enterprises and nearly twenty subsidiaries.


Tencent Technology (Shenzhen) Co., Ltd.

A software development unit that has created, among others, Tencent Traveler and later versions of QQ IM,Tencent Holdings LTD
Bloomberg
as well as some
mobile software A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on des ...
.China Developers Bring Mobile Widgets to Market
nokia.com, 2008
This subsidiary is located on the Southern District of Hi-Tech Park,
Shenzhen Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
. It also holds a number of patents related to instant messaging and
massively multiplayer online game A massively multiplayer online game (MMOG or more commonly MMO) is an online video game with a large number of players, often hundreds or thousands, on the same server. MMOs usually feature a huge, persistent open world, although there are ...
gaming.IPEXL Search > Patent Directory > "TENCENT TECHNOLOGY SHENZHEN COMPANY LIMITED"
ipexl.com


Research

In 2007, Tencent invested over RMB100 million in the establishment of the Tencent Research Institute, which became China's first research center dedicated to core Internet technologies. The campuses are located in Beijing, Shanghai, and Shenzhen.


Government partnerships

For the occasion of the
19th National Congress of the Chinese Communist Party The 19th National Congress of the Chinese Communist Party (commonly referred to as ''Shíjiǔ Dà''; ) was held at the Great Hall of the People, Beijing, between 18 and 24 October 2017. 2,280 delegates represented the party's estimated 89 milli ...
, Tencent released a mobile game titled "Clap for
Xi Jinping Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, ...
: An Awesome Speech", in which players have 19 seconds to generate as many claps as possible for the party leader. In August 2019, it was reported that Tencent collaborated with the Publicity Department of the Chinese Communist Party and the '' People's Daily'' to develop "patriotic games." In a December 2020 article in '' Foreign Policy'', a former senior official of the
Central Intelligence Agency The Central Intelligence Agency (CIA ), known informally as the Agency and historically as the Company, is a civilian foreign intelligence service of the federal government of the United States, officially tasked with gathering, processing, ...
stated that the CIA concluded that Tencent received funding from the Ministry of State Security early on in its foundation. This was said to be a "seed investment" that was provided "when they were trying to build out the
Great Firewall The Great Firewall (''GFW''; ) is the combination of legislative actions and technologies enforced by the People's Republic of China to regulate the Internet domestically. Its role in internet censorship in China is to block access to selected for ...
and the monitoring technology." Tencent denied this allegation. In 2021, it was reported that Tencent and
Ant Group Ant Group ()'','' formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million ...
were working with the
People's Bank of China The People's Bank of China (officially PBC or informally PBOC; ) is the central bank of the People's Republic of China, responsible for carrying out monetary policy and regulation of financial institutions in mainland China, as determined by ...
to develop a digital currency.


Controversies


Allegations of copying

Many of Tencent's software and services share similarities to those of competitors, and to their The founder and chairman, Huateng "Pony" Ma, famously said, " ocopy is not evil." A former CEO and president of
SINA.com Sina Corporation (, "new wave") is a Chinese technology company. Sina operates four major business lines: Sina Weibo, Sina Mobile, Sina Online, and Sinanet. Sina has over 100 million registered users worldwide. Sina was recognized by '' South ...
, Wang Zhidong, said, "Pony Ma is a notorious king of copying."
Jack Ma Jack Ma Yun (; born 10 September 1964) is a Chinese business magnate, investor and philanthropist. He is the co-founder and former executive chairman of Alibaba Group, a multinational technology conglomerate. In addition, he co-founded Yunfen ...
of Alibaba Group stated, "The problem with Tencent is the lack of innovation; all of their products are copies." In 1996, an Israeli company named Mirabilis released one of the first stand alone instant messaging clients named ICQ. Three years later, Tencent released a copied version of ICQ, naming it OICQ, which stands for Open ICQ. After losing a lawsuit against AOL, which bought ICQ in 1998, for violating ICQ's
intellectual property rights Intellectual property (IP) is a category of property that includes intangible creations of the human intellect. There are many types of intellectual property, and some countries recognize more than others. The best-known types are patents, cop ...
, Tencent released a new version of OICQ in December 2000 and rebranded it QQ. With its model of free-to-use and charging for customizing personal avatars, QQ hit 50 million users in its second year, 856 million users and at most 45.3 million synchronous users in 2008. During early stages of company development and expansion, Tencent has been widely accused of stealing ideas from its competitors and creating counterfeit copies of their products. Some of the criticisms aimed at Tencent in this regard are that QQ farm was a direct copy of
Happy Farm ''Happy Farm'' was a social network game and massively multiplayer online game based on farm management simulation. It was played predominantly by users in Mainland China and Taiwan, and was the most popular in terms of players; At the height of i ...
, QQ dance originated from
Audition Online ''Audition Online'' ( ko, 오디션 온라인), also known as ''X-BEAT'' in Japan and popularly called ''AyoDance'' in Indonesia, is a free-to-play multiplayer online casual rhythm game produced by T3 Entertainment. It was originally relea ...
, and that QQ speed featured gameplay highly similar to
Crazyracing Kartrider ''Crazyracing KartRider'' ( ko, 크레이지레이싱 카트라이더) is an online multiplayer racing game developed by Nexon Korea Corporation. It is part of the ''Crazy Arcade'' franchise. It earns revenue by selling virtual items within the i ...
.


Tencent's acquisitions

In a partial effort to rebuild the reputation of Tencent lost from allegations of copying, Tencent adjusted its strategy by aggressively investing in the acquisition of other companies, rather than in the replication of them. By 2020, Tencent had invested in over 800 companies across the world. During 2012 and 2019, Tencent has invested from minority stakes to majority stakes in world-wide-famous game companies such as Riot Games, Epic Games,
Activision Blizzard Activision Blizzard, Inc. is an American video game holding company based in Santa Monica, California. It was founded in July 2008 through the merger of Activision, Inc. (the publicly traded parent company of Activision Publishing) and Viven ...
,
SuperCell A supercell is a thunderstorm characterized by the presence of a mesocyclone: a deep, persistently rotating updraft. Due to this, these storms are sometimes referred to as rotating thunderstorms. Of the four classifications of thunderstorms ( ...
, Bluehole. While aggressive acquisitions may benefit Tencent due to factors such as reduction in competition and monopolization, it may not benefit the acquired companies in terms of their growth and innovation. Colin Huang, founder of Pinduoduo, said “Tencent won't die when Pinduoduo dies, because it has tens of thousands of sons.”


Security concerns

In 2015, security testing firms
AV-Comparatives AV-Comparatives is an Austrian independent organization that tests and assesses antivirus software, regularly releasing charts and reports that are freely available to the public and the media. Antivirus vendors have to meet various requirements r ...
,
AV-TEST AV-TEST is an independent organization which evaluates and rates antivirus and security suite software for Microsoft Windows and Android operating systems, according to a variety of criteria. The organisation is based in Magdeburg, Germany. Ever ...
and
Virus Bulletin ''Virus Bulletin'' is a magazine about the prevention, detection and removal of malware and spam. It regularly features analyses of the latest virus threats, articles exploring new developments in the fight against viruses, interviews with anti-vi ...
jointly decided to remove Tencent from their software
whitelist A whitelist, allowlist, or passlist is a mechanism which explicitly allows some identified entities to access a particular privilege, service, mobility, or recognition i.e. it is a list of things allowed when everything is denied by default. It is ...
s. The Tencent products supplied for testing were found to contain optimisations that made the software appear less exploitable when benchmarked but actually provided greater scope for delivering exploits. Additionally, software settings were detrimental to end-users protection if used.
Qihoo Qihoo 360 (; approximate pronunciation CHEE-hoo), full name 360 Security Technology Inc., is a Chinese internet security company that has developed the antivirus software programs 360 Safeguard and 360 Mobile Safe, the Web browser 360 Secure Brows ...
was later also accused of cheating, while Tencent was accused of actively
gaming Gaming may refer to: Games and sports The act of playing games, as in: * Legalized gambling, playing games of chance for money, often referred to in law as "gaming" * Playing a role-playing game, in which players assume fictional roles * Playin ...
the anti-malware tests.


Censorship

Tencent's
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
platform has been accused of blocking
TikTok TikTok, known in China as Douyin (), is a short-form video hosting service owned by the Chinese company ByteDance. It hosts user-submitted videos, which can range in duration from 15 seconds to 10 minutes. TikTok is an international version o ...
videos and the censorship of politically sensitive content. In April 2018, TikTok sued Tencent and accused it of spreading false and damaging information on its WeChat platform, demanding
RMB The renminbi (; symbol: ¥; ISO code: CNY; abbreviation: RMB) is the official currency of the People's Republic of China and one of the world's most traded currencies, ranking as the fifth most traded currency in the world as of April 2022. ...
1 million in compensation and an apology. In June 2018, Tencent filed a lawsuit against
Toutiao Toutiao (头条, "headlines") or Jinri Toutiao (今日头条, "Today's Headlines") is a Chinese news and information content platform, a core product of the China-based company ByteDance. By analyzing the features of content, users and users' in ...
and TikTok in a Beijing court, alleging they had repeatedly defamed Tencent with negative news and damaged its reputation, seeking a nominal sum of RMB 1 in compensation and a public apology. In response, Toutiao filed a complaint the following day against Tencent for allegedly
unfair competition Unfair may refer to: * Double Taz and Double LeBron James in multiverses ''fair''; unfairness or injustice Injustice is a quality relating to unfairness or undeserved outcomes. The term may be applied in reference to a particular event or situ ...
and asking for RMB 90 million in economic losses. However, Tim Sweeney, the CEO and founder of Epic Games, maker of the popular game ''
Fortnite ''Fortnite'' is an online video game developed by Epic Games and released in 2017. It is available in three distinct game mode versions that otherwise share the same general gameplay and game engine: ''Fortnite Battle Royale'', a free-to- ...
'', tweeted that his company would never follow suit and punish people for expressing their opinions, even though Tencent is a 40% stakeholder in Epic. He emphasized, "That will never happen on my watch as the founder, CEO, and controlling shareholder," and that Epic is an American company, implying that it would not compromise an ethos of free speech in the name of currying favor with authorities in China just to try to maximize profit there. Later, Tencent announced it would stop broadcasting Houston Rockets NBA games in China due to a tweet made by Daryl Morey, general manager of the Houston Rockets, that was supportive of Hong Kong protestors. Although Morey's tweet was hastily deleted, news of it was quickly reported all around the world, and the NBA went on to spend months attempting damage control in China. In December 2019, the Chinese government ordered Tencent to improve the firm's user data rules for its apps, which regulators regarded to be in violation of censorship rules. In January 2021, a proposed class action lawsuit was filed in California against Tencent, alleging user censorship and surveillance via
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
. In November 2022, Sustainalytics downgraded Tencent to "non-compliant" with the
United Nations Global Compact The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a princi ...
principles due to complicity with censorship.


2020: U.S. executive order on WeChat

President
Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...
signed two
executive order In the United States, an executive order is a directive by the president of the United States that manages operations of the federal government. The legal or constitutional basis for executive orders has multiple sources. Article Two of t ...
s on 6 August 2020, one directed at TikTok and one at
WeChat WeChat () is a Chinese instant messaging, social media, and mobile payment app developed by Tencent. First released in 2011, it became the world's largest standalone mobile app in 2018, with over 1 billion monthly active users. WeChat has b ...
. The TikTok order dictated that within 45 days from its signing (20 September 2020) that it would ban transactions involving the TikTok app with ByteDance, effectively banning the TikTok app in the United States, under threat of penalty. TikTok sued Trump over the executive order, the executive order was revoked under the Biden Administration and this caused the lawsuit to be dismissed in July 2021. The order for WeChat contained the same information but targeting the WeChat app and related transactions for Tencent. In the case of ByteDance, the order would be canceled should an American company acquire it, which
Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washin ...
had been openly spoken of, but there are unlikely any immediate buyers for Tencent in the U.S. ''
Los Angeles Times The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the U ...
'' reporter Sam Dean affirmed from the White House that this does not affect other facets of Tencent's ownerships in American companies such as with its video game companies.


See also

* Foxmail *
Pengyou Pengyou () is a popular social network by Tencent, also well known for QQ Video, Tencent Weibo, QQ, Qzone, WeChat, etc. It has often been considered as the Asian language version of Tagged Tagged may refer to: * Tagged (website), a social d ...
*
QQ browser QQ Browser is a web browser developed by Mainland Chinese technology company Tencent. It utilizes two browser engines: WebKit and Trident. Previously, Tencent had developed Tencent Explorer (Tencent TE) and Tencent TT two browsers based on the T ...
*
Qzone Qzone () is a social networking website based in China which was created by Tencent in 2005. It allows users to write blogs, keep diaries, send photos, listen to music, and watch videos. Users can set their Qzone background and select accessories ...
*
Sogou Sogou, Inc. () is a Chinese technology company that offers a search engine. It is a subsidiary of Tencent. The offices of Sogou are located on the southeast corner of Tsinghua University in Beijing. Sogou also has offices in Chengdu co-locate ...
*
Tencent Maps Tencent Maps is a desktop and web mapping service application and technology provided by Tencent, offering satellite imagery, street maps, street view and historical view perspectives, as well as functions such as a route planner for traveling ...


References


External links

* * {{authority control 2004 initial public offerings Chinese brands Chinese companies established in 1998 Civilian-run enterprises of China Companies based in Shenzhen Companies in the Hang Seng Index Companies listed on the Hong Kong Stock Exchange Companies' terms of service Confidence tricks FTP clients Holding companies established in 1998 Holding companies of China Internet properties established in 1998 Investment companies of China Multinational companies headquartered in China Nanshan District, Shenzhen Offshore companies of the Cayman Islands Online companies of China RSS Software companies of China Video game companies established in 1998 Video game companies of China Video game development companies Video game publishers Web portals Windows web browsers