China Internet Watch

China Internet Stats, Trends, Insights

Tencent Company Updates and Insights

Tencent Building

Tencent, or Tencent Holdings Limited, is one of China's largest internet-based technology companies, founded in 1998 by five founders in Shenzhen: Ma Huateng (Pony Ma), Zhang Zhidong, Chen Yidan, Xu Chenhua, Zeng Liqing.

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 in 2008. Check out Tencent stock on Bloomberg here.

Tencent Company Structure

Tencent consists of six business groups: Technology Engineering Group, WeChat Group, Interactive Entertainment Group, Platform & Content Group, Cloud & Smart Industries Group, Corporate & Development Group.

Tencent's Top Applications

Social Media

It owns several largest social media platforms in China including WeChat, QQ, Qzone.

To meet with the interest-based social needs of youngsters, QQ has also introduced its mobile social community ecological strategy which combines QQ Group, Interest Tribe (Interest Tribe is the largest interest-based social networking platform in China) and QQ Official Accounts together.

Entertainment

From comics, videos, games and animation to music, literature, films and news, Tencent runs digital content and multi-media services, providing entertainment and cultural enrichment. Tencent also runs one of the top entertainment platforms Tencent Video and QQ Music.

Tencent is also one of the world's largest gaming company and one of the world's largest venture capital firms and investment corporations.

Other

Payment solutions: Tenpay, WeChat Pay, QQ Wallet.

News: QQ.com, Tencent News (app)

Other popular applications include Yingyongbao (Android app store), QQ Browser, Tencent Mobile Manager, Tencent PC Manager, Tencent Map, QQ Mail, etc.

In 2007, Tencent launched the Tencent Foundation, the first charitable foundation by an internet enterprise in China. The foundation is devoted to creating a system that empowers citizens to engage in charitable activities.

Tencent Open Platform

Tencent Open Platform is built for its partners, enabling them to easily connect with QQ, Weixin, Qzone, and YingYongBao and gain traffic and revenue through open APIs across PC, mobile and multiple devices.

Additionally, there are more than 30 “Incubator Spaces” for partners in China, with total floor space of up to 1 million square meters.

Tencent also provides Tencent Cloud, a public cloud platform for corporate and individual users. It provides developers with cloud servers, cloud databases, cloud storage, CDN and other basic cloud computing services, as well as various industry solutions including online games, video, and mobile applications.

Read the story: Rise of the Tencent Empire.

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