November 1, 2017

10 Things You Didn’t Know About Tencent

Tencent has a $407.1 billion market cap
It’s employee total is over 30,000. They are based in Shenzhen, in an area known as China’s Silicon Valley
It was founded in 1998 by a group including technologist Pony Ma, who is still the CEO today
It’s first mainstream project was messaging service QQ, which still has 850 million monthly active users
Tencent is the largest gaming company in the world, with a huge collection of mobile and PC games
One third of all Chinese Internet time is spent on WeChat, the social network platform from Tencent
It has invested heavily in it’s gaming rivals including Glu Mobile, Riot Games, Supercell and Activision Blizzard
To further expand their gaming capabilities, Tencent is in the process of building an e-sports town in China
Unlike western social networks such as Facebook, WeChat generates revenue from paid digital content services like live streams, virtual items, music and video rather than just ads. Tencent does run ads on its other platforms, like Tencent News and Tencent video. It is the 3rd largest ad platform in China, with only Baidu and Taobao ahead.
According to BrandZ, Tencent is the most valuable brand in China.

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