Tencent

Tencent is a Chinese multinational conglomerate that operates businesses in social communication, fintech, internet and entertainment sectors. Read more

9,169 Followers on Owler
9,169 Followers on Owler
9,169 Followers on Owler
9,169 Followers on Owler

Tencent

Tencent is a Chinese multinational conglomerate that operates businesses in social communication, fintech, internet and entertainment sectors. Read more

Ma Huateng's photo - Chairman & CEO of Tencent

Chairman & CEO

Ma Huateng

CEO Approval Rating

74/100

Founded:

1998

Status:

PublicIndependent CompanyHong Kong Stock Exchange0700

TENCENT TOP COMPETITORS OR ALTERNATIVES

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Alibaba Group is a top competitor of Tencent. Alibaba Group was founded in Hangzhou, Zhejiang Province} in 1999. Alibaba Group competes in the Logistics, Wholesalers & Retail Distributors industry. Compared to Tencent, Alibaba Group generates $29.1B more revenue.

Baidu is Tencent's #2 competitor. Baidu is headquartered in Haidian, Beijing Municipality, and was founded in 2000. Baidu competes in the Internet Software field. Baidu generates 25% the revenue of Tencent.

NetEase has been one of Tencent's top competitors. NetEase is a Public company that was founded in 1997 in Binjiang District, Beijing Municipality. Like Tencent, NetEase also competes in the IT Services industry. Compared to Tencent, NetEase has 49,353 fewer employees.

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Tencent Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$64.6B

Tencent's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 46.5B. Over the last two quarters, Tencent's revenue has grown by 13.4%. Specifically, in Q3 2020's revenue was $18.4B; in Q2 2020, it was $16.2B.

Tencent Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Klei Entertainment, Inc.

Jan 2021

Source »
undisclosed
Klei Entertainment is a game development studio that designs and publishes interactive games for computers, consoles and smartphones.
Leyou Technologies Holdings Ltd,

Dec 2020

Source »
$1.5B
Leyou is an entertainment company that develops and publishes video games for smartphones and PCs.
Bohemia Interactive A.S

Jun 2020

Source »
$260M
Bohemia Interactive is a game development studio that develops and publishes military simulation games.
Image Future Malaysia Sdn. Bhd.

Jun 2020

Source »
undisclosed
iflix is a web and mobile-based application that allows users to watch television programs and movies.
Huya, Inc.

Apr 2020

Source »
$262.2M
Huya is a live streaming platform that broadcasts online games and sports events.

These are all the companies that Tencent has acquired. Tencent has acquired 16 companies and its latest acquisition was Klei Entertainment, Inc. in Jan 2021. Klei Entertainment is a game development studio that designs and publishes interactive games for computers, consoles and smartphones.

Tencent Funding History

Since Tencent was founded in 1998, it has participated in 1 round of funding. In total Tencent has raised $8.3B. Tencent's funding round was on May 2020 for a total of $8.3B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt
May 2020
$8.3B
-

Since Tencent was founded in 1998, it has participated in 1 round of funding. In total Tencent has raised $8.3B. Tencent's funding round was on May 2020 for a total of $8.3B

Tencent Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Bibit is an Indonesia-based robo advisory platform that offers investment management, automated rebalancing and related solutions for businesses.
$65M
May 01, 2021
Growth
-
Viva Wallet is a Greece-based fintech platform that provides digital payment processing, debit card management, and related solutions for merchants.
$80M
Apr 27, 2021
Series D
-
$50M
Apr 22, 2021
Series B
-
Santa Bella is a China-based healthcare clinic that offers maternity and baby care services for women.
$30.8M
Apr 21, 2021
Series C
-
WakeData is a China-based AI platform that provides big data management, privatization deployment and other related solutions for enterprises.
$25M
Apr 21, 2021
Series B
-

These are all the companies that Tencent has invested in. Tencent has invested 16 companies and its latest investment was Klei Entertainment, Inc. in Jan 2021. Klei Entertainment is a game development studio that designs and publishes interactive games for computers, consoles and smartphones.

Tencent News

May 11, 2021ChinaPulse

China Soong Ching Ling Foundation and Tencent to jointly help China's youth

China Soong Ching Ling Foundation signed a framework agreement for strategic cooperation with Tencent... See more »
May 11, 2021Electronic Payments International

Tencent unveils new ultra-fast cloud storage, plans "3D" assault on the Cloud

Chinese tech giant Tencent has unveiled a new "3D Ecosystem Strategy" for its Cloud division. The new... See more »
May 11, 2021South China Morning Post

TikTok owner ByteDance pursues legal battle against Tencent after court rules it pay US$1.2 million in damages

ByteDance, owner of hit short video-sharing apps TikTok and Douyin, plans to continue a bitter court ... See more »
May 10, 2021MarketScreener

VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION AGREEMENT WITH TENCENT CLOUD

(marketscreener.com) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Lim... See more »
May 8, 2021Volanews

Shares Of Tencent-backed Insurtech Firm Waterdrop Slumps In NYSE Debut

Shares of Chinese gaming giant Tencent-backed online insurance technology firm Waterdrop Inc tumbled ... See more »
May 7, 2021Techstory

Tencent In Talks With The US Government To Keep Gaming Investments

Tencent In Talks With The US Government To Keep Gaming Investments Tencent is negotiating with the US... See more »
May 7, 2021News Break

Tencent reportedly negotiating agreement to retain stakes in Riot, Epic amid US national security data probe - News Break

Chinese megacorporation Tencent is reportedly in negotiations with U.S. officials for an agreement to... See more »

Tencent Press Releases

March 15, 2021PR Newswire Asia

Tencent Cloud Supports Japan's Cloud Gaming Platform "OOParts" to Win the Game

Trusted with Tencent's advanced cloud technology, OOParts is now able to offer gamers the best cloud ... See more »
March 9, 2021PR Newswire Asia

The Rising Demand for Tencent Cloud's High-Performance Audio and Video Solutions Worldwide

Tencent Cloud helps brands and organizations to stay connected with target audiences all over the wor... See more »
December 30, 2020StreetInsider

DXY completes USD 500 million financing, to enhance its professional role in healthcare sector

HANGZHOU, China, Dec. 29, 2020 /PRNewswire/ --Â On December 28, DXY, a leading digital healthcare tec... See more »
December 3, 2020centralcharts

Tencent Cloud powers up Global Tourism Economy Forum's first-ever hybrid edition

Tencent Cloud powers up Global Tourism Economy Forum's first-ever hybrid edition Hybrid event helps a... See more »
November 24, 2020Gamasutra

Arrowiz partners with Tencent and a major western publisher for its next game!

Publishing partnership agreed for former's next game, also coming to the West.... See more »
November 24, 2020PR Newswire Asia

Tencent Cloud introduces one-stop AI Transfy speech recognition solution, delivering high-quality conferencing experience to international customers

The solution's outstanding features were championed at Interspeech 2020's Far-Field Speaker Verificat... See more »
November 6, 2020WebWire

- Burberry announces partnership with Tencent Games' blockbuster title Honour of Kings

As interactive digital content is increasingly becoming a source of inspiration in luxury fashion, ga... See more »

Social Media

Tencent Headquarters

No. 33, Haitian Second Tencent Binhai Building

Nanshan, Guangdong Province518054

86-755-86013388

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Tencent Summary

ABOUT

Overview

Tencent is a Chinese multinational conglomerate that operates businesses in social communication, fintech, internet and entertainment sectors. Tencent was founded in 1998. Tencent's headquarters is located in Nanshan, Guangdong Province, CN 518054. It...

CEO

Tencent's Chairman & CEO, Ma Huateng, currently has an approval rating of 74%. Tencent's primary competitors are Alibaba Group, Baidu & NetEase.

Website

tencent.com

Frequently Asked Questions about Tencent

  1. When was Tencent founded?

    Tencent was founded in 1998
  2. Who is Tencent's CEO?

    Tencent's CEO is Ma Huateng
  3. How much revenue does Tencent generate?

    Tencent generates $64.6B in revenue
  4. How much funding does Tencent have?

    Tencent has historically raised $8.3B in funding
  5. Where is Tencent's headquarters?

    Tencent's headquarters is in Nanshan Guangdong Province, CN
  1. How many employees does Tencent have?

    Tencent has 77,592 employees
  2. What sector does Tencent operate in?

    Tencent is in IT Services, Fintech
  3. Who are Tencent's competitors?

    Tencent's top competitors are Alibaba Group, Baidu, NetEase
  4. Who has Tencent invested in?

    Tencent's has invested in companies such as Bibit, Viva Wallet, CHICV