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Tencent - Wikipedia. Tencent Holdings Limited.

Native name腾讯控股有限公司Public. Traded as. SEHK: 7. Hang Seng Component. ISINKYG8. 75. 72. Industry. Internet. Founded. November 1. Founder. Ma Huateng.

Zhang Zhidong. Xu Chenye. Chen Yidan. Zeng Liqing. Headquarters. Nanshan District, Shenzhen, China(General office)Cayman Islands(Registered office)Area served.

Worldwide(mainly Greater China)Key people. Ma Huateng(Founder, Chairman & CEO)Martin Lau(President)Products. Social networks, Instant messaging, Mass media, Web portals, E- commerce, Web browser, Antivirus software, Music and Multiplayer online games. Services. Online services. Revenue. CN¥1. 51. CN¥5. 6. 1. 17 billion (2. CN¥4. 1. 4. 47 billion (2.

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Total assets CN¥3. Total equity CN¥1. Number of employees. Dec 2. 01. 6)[2]Websitewww. Tencent Holdings Limited (Chinese: 腾讯控股有限公司; pinyin: Téngxùn Kònggǔ Yǒuxiàn Gōngsī; literally: "Soaring information"; SEHK: 7. Chinese investment holding company whose subsidiaries provide media, entertainment, payment systems, smartphones, internet mobile phone value- added services and operate online advertising services in China.[3] Its headquarters are in Nanshan District, Shenzhen. Tencent is one of the biggest investment corporations, one of the largest Internet companies, as well as the largest, best- performing and most valuable gaming company in the world.[4][5][6] Its many services include social network, web portals, e- commerce, mobile games, smartphones, and multiplayer online games, which are all among the world's biggest and most successful in their respective categories.[7] Offerings in China include the well- known instant messenger Tencent QQ and one of the largest web portals, QQ.

Its indigenous and creative mobile chat service, We. Chat, has helped bolster Tencent's continued expansion into smartphone services. It also owns majority of China's music services (Tencent Music), with more than 6. Tencent has been credited as one of the world's most innovative companies by numerous media and firms, such as Boston Consulting Group, rising rapidly in its Innovative Rankings. It is one of the top 1.

Tencent controls hundreds of subsidiaries and associates in numerous industries and areas, creating a broad portfolio of ownerships and investment across a wide diversity of companies. It is one of the most active investment corporations in the world, with recent focus on start- ups within Asia’s burgeoning tech scene.[1. As of November 2. US$4. 47. 0. 7 billion (HK$3. The company employs more than 7. Communist Party members, 6. History[edit]1. 99.

Founding and growth[edit]Tencent was founded by Ma Huateng, Zhang Zhidong, Xu Chenye, Chen Yidan and Zeng Liqing in November 1. Tencent Inc.[2. 3]Incorporated in the Cayman Islands,[2. In February 1. 99. Tencent's iconic messenger product OICQ released.[2. Shortly after, Tencent had its name changed to QQ; this was said to be due to a lawsuit threat from ICQ and its owner AOL.[2. The company remained unprofitable for the first three years.[2.

South African media company Naspers purchased a 4. Tencent in 2. 00. As of 2. 01. 4, it owns 3. Tencent Holding Ltd was listed on the Hong Kong Stock Exchange on 1. June 2. 00. 4,[2. Hang Seng Index Constituent Stock in 2.

The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive added extras.[2. But by 2. 00. 5, charging for use of QQ mobile, its cellular value- added service, and licensing its iconic penguin character, which could be found on snack food[3. By 2. 00. 8, Tencent was seeing profit growth from the sale of virtual goods.[3. While Tencent's services have included online gaming since 2.

While least two, Cross. Fire and Dungeon Fighter Online, were originally produced by South Korean game developers, Tencent now makes its own games.[3.

Early investments[edit]On February 1. Tencent acquired a majority equity interest (9. Riot Games, developer of League of Legends, for about USD 2. Tencent had already held 2. On the 1. 6th December 2.

Riot Games sold its remaining equity to Tencent Holdings.[3. Tencent acquired a minority stake in Epic Games, developer of franchises like Unreal, Gears of War and Infinity Blade, in June 2. Tencent in 2. 01. Kingsoft Network Technology, a subsidiary of Kingsoft Corporation, to 1. Tencent previously had a 1. USD 4. 6. 9. 8 million investment.[3. Tencent took part in Activision Blizzard splitting from Vivendi as a passive investor in 2.

On September 1. 7, 2. Tencent had invested $4. Chinese search engine Sogou. Sohu, Inc.[4. 1]On January 1. Tencent said it will invest HKD 1. USD 1. 93. 4. 5 million) in logistics and warehouse firm China South City Holdings Ltd to develop its e- commerce and logistics business.[4. On February 2. 7, 2.

Tencent purchased a 2. Dianping for $4. 00 million.[4. On March 1. 0, 2. Tencent bought a 1. Chinese e- commerce website JD. Inc. by paying cash and handing over its e- commerce businesses Paipai, QQ Wanggou and a stake in Yixun to JD.

Alibaba Group Holding Ltd.[4. On May 2. 2, 2. 01. JD. com got listed on NASDAQ and Tencent expanded its stake in the company to 1. USD 1,3. 25 million.[4. On March 2. 7, 2. Tencent had agreed to pay about $5. South Korea’s CJ Games.[4.

On June 2. 7, 2. 01. Tencent announced that it had agreed to buy a 1.

Chinese e- commerce website 5. WUBA) Inc. for $7. On April 1. 7, 2. Tencent announced it has bought an additional $4. On October 1. 6, 2. Hongze Lake Investment Ltd, Tencent announced that it had bought a 7% stake in lottery technology firm China Lot. Synergy Holdings Ltd for HKD 4.

USD 5. 7. 4 million).[4. On October 2. 3, 2. Tencent pitched in $1. Koudai Gouwu, a Chinese mobile shopping portal.[5.

In November 2. 01. HBO which would give it exclusive rights for distribution in China.[5. On December 9, 2.

Chinese taxi- hailing app Didi Dache announced that it had raised more than $7. Tencent and Singaporean state investment firm Temasek Holdings.[5. Recent investments[edit]On January, 2. Tencent launches We. Bank (China), China's first online- only bank.[5.

On January 3. 0, 2. Tencent announced that it had signed a USD 7. National Basketball Association to stream American basketball games in China.[5. Later that year, Chinese automaker BYD became the chief corporate sponsor for Tencent's NBA broadcasts.[5. On February 2. 7, 2. Tencent announced that it had acquired a minority stake in Robot Entertainment, the developer of the Orcs Must Die! On April 2. 9, 2.

Tencent acquired a minority stake in Glu Mobile, paying USD 1. On May 1. 3, 2. 01.

Tencent acquired a minority stake in mobile developer Pocket Gems, acquiring 2. USD 6. 0 million.[5. On June 2. 1, 2. 01. Tencent announced a deal to acquire 8.

Supercell with USD 8. In July 2. 01. 6, Tencent acquired a majority stake in China Music Corporation.[6. In 2. 01. 6, Tencent, together with Foxconn and luxury- car dealer Harmony New Energy Auto founded Future Mobility, a car startup that aims to sell all- electric fully autonomous premium cars in 2. On March 2. 8, 2.

Tesla, Inc. announced Tencent had purchased a 5% stake in Tesla for USD 1. The Wall Street Journal at the time called Tencent China's "most valuable company."[6. In a "direct challenge to Chinese search engine Baidu," in May 2. Tencent entered news feed and search functions for its We. Chat app, which the Financial Times reported was used by 7.

In April 2. 01. 7, Tencent unveiled its very own flagship gaming platform, We. Game which will host games, content, and services from all over the world and will provide gaming info, purchases, downloads, live streaming and community services, creating an open ecosystem for gaming.

We. Game is an upgraded version of TGP (Tencent Games Platform) that already has more than 2. Steam's 1. 25 million) and over 4. Steam. It will be dedicated to both global developers and players, and will assist developers who require help with translation. The gaming platform will support both Chinese and global users through a single storefront and is due to go online on 1st September 2.

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