Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services.
Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operating strategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Dec 16, 2022
Shiftup
|
Private Equity(PE) | — | Gamification | Yes |
Oct 18, 2022
Shardeum
|
Seed | ₹1.49B | Blockchain | — |
Oct 13, 2022
NorthOne
|
Series B | $67M | Apps | — |
Oct 10, 2022
Airwallex
|
Series E | $100M | Finance | — |
Sep 28, 2022
Satispay
|
Series D | €320M | Banking | — |
Tencent has acquired 2 organizations. Their most recent acquisition was Riot Games on Feb 1, 2011. They acquired Riot Games for $400M.
Date
Company Name
|
Industry | Acquisition Type | Price | |
---|---|---|---|---|
Feb 1, 2011
Riot Games
|
Computer | acquisition | $ 400M | Detail |
Jul 19, 2021
Stunlock Studios
|
Digital Media | acquisition | — | Detail |