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PublicHK:0700
Date6/2004
Raised
Post IPO Valuation$11B

General Information

Websitetencent.com
CategoryConsumer Web
Phone0755-86013388
Employees
Founded11/1998
DescriptionChinese investment holding company

Offices

Office
Tencent Building, Kejizhongyi Avenue
Hi-techPark,Nanshan District
Shenzhen, 518057, CHN

People

Founder, Chief Technology Officer
Founder, Chief Information Officer
Founder,chief information officer
CEO of Tencent E-Commerce Holding Company, Senior Executive Vice President
Chief Financial Officer ,Senior Vice President
Chief Operating Officer of the Interactive Entertainment Business Group President, Mobile Internet Business Group President
Chief Financial Officer, Group Senior Vice President
President
Show All People

Acquisitions

Total$400
Linktech Navi, 1/2014
Riot Games, 2011 $400
Comsenz, 8/2010
Shenzhen Domain Networks, 4/2010

Investments

China South City Holdings 1/2014
Plain Vanilla 12/2013
Loom 10/2013
Sogou 9/2013
Kamcord 8/2013
Watsi 7/2013
Plain Vanilla 4/2013
Kamcord 12/2012
KakaoTalk 5/2012
Ark 4/2012
Waddle 10/2011
Origami Labs 10/2011
Riot Games 9/2009
Outspark 1/2008

Funding

TOTAL $220k
FUNDING TOTAL $220k
Venture Round, 4/2000
IDG Capital Partners
PCCW
$220k

Competitors

Tags

Tencent

Tencent is one of China’s largest and most used Internet service portals.

Since its establishment over the last decade, Tencent has maintained steady growth under its user-oriented operating strategies. It is Tencent’s mission to enhance the quality of human life through Internet services. Presently, Tencent is providing value-added Internet, mobile and telecom services and online advertising under the strategic goal of providing users with “one-stop online lifestyle services.” Tencent’s leading Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay – have brought together China’s largest Internet community to meet the various needs of Internet users including communication, information, entertainment, e-commerce, and others.

Tencent remains committed to enhancing its development and innovation capabilities while strengthening its nationwide branding for its long term development. More than 60% of Tencent employees are R&D staff. Tencent has obtained patents relating to the technologies in various areas: instant messaging, e-commerce, online payment services, search engine, information security, gaming, and many more. In 2007, Tencent invested more than RMB100 million in setting up the Tencent Research Institute, China’s first Internet research institute, with campuses in Beijing, Shanghai, and Shenzhen. The institute focuses on the self-development of core Internet technologies, in pursuing its development and innovation for the industry.

In September 2013, Tencent’s market valuation rose to $101 billion, larger than the total of the market value of Netease, Sina, Sohu, 360, Youku, Dangdan, Snda, Giant Network, Renren, and Ctrip combined.

Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of 2.2 million dollars. Tencent was listed in the Hong Kong stock exchange in June 16, 2004. As of November 21, 2013, QQ has 2 billion active users and Wechat has 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo and QQ news were 274 milion, 626 million, 220 million and 150 million, respectively. Tencent faces competition from Baidu, Alibaba and Netease.

Recent Milestones

Videos

Screenshots

Tencent screenshot
Above: Screenshot
Uploaded: 3/25/14

Products

PaiPai
QQ
QZone
SoSo
TM
Tenpay
WeChat

Stock Price

Traffic Analytics

Compete

Tencent

Sources

  1. Tencent Fully Acquires Map Service Linktech Navi with 60 Million Yuan (technode.com) [edit]
  2. Tencent Acquires Riot Games (and League of Legends) for $400M (pcmag.com) [edit]
  3. Tencent Buys Google-Backed Online Community Company Comsenz (paidcontent.org) [edit]
  4. Tencent Buys Out Shenzhen Domain Networks (pacificepoch.com) [edit]
  5. Tencent Invests $195M In Logistics Firm China South City To Compete With Alibaba (techcrunch.com) [edit]
  6. Plain Vanilla Games, Maker Of Ultra-Hot Trivia App QuizUp, Raises Another $22 Million From Sequoia (techcrunch.com) [edit]
  7. iCloud Alternative Loom Raises $1.4 Million Seed Round (techcrunch.com) [edit]
  8. China’s Baidu under pressure as third- and fourth-placed search rivals team up in $448m merger (thenextweb.com) [edit]
  9. Kamcord Nabs Another $1M In Seed Funding To Help Build A Community Around Mobile Game Recordings (techcrunch.com) [edit]
  10. Healthcare Crowdfunding Platform Watsi Grabs $1.2M From Tencent, Paul Graham, Vinod Khosla, Ron Conway And More (techcrunch.com) [edit]
  11. Plain Vanilla Scores $2.4M Series A To Turn Its Multiplayer Quiz Games Into Something More (techcrunch.com) [edit]
  12. http://techcrunch.com/2012/12/19/mobile-game-recording-yc-alum-kamcord-raises-1-5-million-from-andreessen-horowitz-google-ventures-and-others/ (venturebeat.com) [edit]
  13. Kakao and KakaoTalk profile (sgentrepreneurs.com) [edit]
  14. Ark Raised $4.2 Million Seed Round Instead Of Series A To "Keep Complete Control" Of Its People Search Engine (techcrunch.com) [edit]
  15. Waddle Lands Funding, Launches Updates (gigaom.com) [edit]
  16. techcrunch.com [edit]
  17. Reuters (reuters.com) [edit]
  18. Outspark Raises $11M in Round Led by Tencent (virtualworldsnews.com) [edit]
  19. Citation Needed [add]
  20. Tencent Announces 2009 Annual Results (tencent.com) [edit]
    Tencent Makes Thailand Investment With Sanook.com (businessinsider.com) [edit]
    Tencent Invests in MIH Internet (convergence.in) [edit]
    Here come the Viet gamers (vng.com.vn) [edit]
    HERE THEY COME: China's Facebook Buys US Gaming Startup For $400 Million (businessinsider.com) [edit]
    Tencent Reports $1 Billion In Revenues In Q2 But Falls Short Of Analyst Expectations (techcrunch.com) [edit]
    Tencent takes a $400M stake in China’s Yelp — is an acquisition next? (venturebeat.com) [edit]
    Tencent Agrees to Buy 15 Percent Stake in JD.Com for $214.7 Million (businessoffashion.com) [edit]
    Tencent Acquires 28% Stake In South Korea’s CJ Games For $500M (techcrunch.com) [edit]
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Last Edited 3/31/14

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