Tencent Holdings Ltd.
name
Tencent Holdings Ltd.
id
TCEHY
summary
Tencent Holdings Ltd. is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue and the world's largest company in the video game industry based on its equity investments. Founded in 1998, it globally markets various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers, are based in the Nanshan District of Shenzhen. Tencent is the world's largest video game vendor, as well as one of the largest companies in the world by market capitalization. It is among the largest social media, venture capital, and investment corporations. 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 messengers Tencent QQ and WeChat, and QQ.com. It also owns Tencent Music. 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 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. Tencent has stakes in over 600 companies and began focusing on tech start-ups in Asia in 2017. Its valuation approached US$1 trillion in January 2021 before it plummeted. Tencent Holdings was ranked 35th on Forbes Global 2000 2023 list.
industry
Conglomerate
founded
11 November 1998
headquarters
Shenzhen, Guangdong, China
keyPeople
Pony Ma (chairman, CEO), Martin Lau (executive director, president)
products
Artificial intelligence, cloud computing, automation, search engine, social networking, instant messaging, mass media, web portals, e-commerce, web browser, antivirus software, music, payment system, film production, video games, online services
revenue
CN¥554.552 billion (US$77.99 billion) (2022)
operatingIncome
CN¥235.706 billion (US$33.15 billion) (2022)
netIncome
CN¥188.709 billion (US$26.54 billion) (2022)
totalAssets
CN¥1.578 trillion (US$221.94 billion) (2022)
totalEquity
CN¥782.860 billion (US$110.10 billion) (2022)
employees
112,771 (2021)
divisions
Tencent Games, Tencent Music, Tencent Pictures
website
tencent.com