Tencent

Tencent Holdings Ltd. is a Shenzhen-based Chinese multinational technology and entertainment conglomerate and holding corporation. It is one of the highest revenue-generating multimedia companies in the globe. Based on its investments, it is also the world's largest corporation in the video game industry, with Tencent Games being the division of Tencent Interactive Entertainment Group (IEG) dedicated to game publishing.

It was founded in 1998, and its subsidiaries market a variety of Internet-related services and products, including those related to entertainment, artificial intelligence, and other technologies, on a global scale. Tencent Seafront Towers (also known as Tencent Binhai Mansion), the company's headquarters, are located in the Nanshan District of Shenzhen.

Tencent is the largest video game retailer and one of the most valuable companies in the globe. It is one of the largest corporations in the social media, venture capital, and investment industries. Social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games are among its services. It administers the instant messaging applications Tencent QQ and WeChat, as well as QQ.com. Moreover, it owns Tencent Music.

In 2018, the company surpassed a market capitalization of $500 billion, becoming the first Asian technology company to do so. Since then, it has become the most valuable publicly traded company in China and, as of February 2022, the tenth most valuable company in the globe by market value. In 2015, 2018, and 2020, the Boston Consulting Group and Fast Company ranked the company among the world's 50 most innovative businesses. Tencent has stakes in more than 600 companies and shifted its concentration to Asian tech startups in 2017. TechCrunch described Tencent's investment strategy as allowing its portfolio companies to operate independently. In January 2021, Tencent's valuation approached $1 trillion before plummeting. In September 2022, Tencent repurchased $2.3 billion worth of shares.

Founded: 1998

Headquarters: Tencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong

Website: https://www.tencent.com/