- Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.
- Pony Ma, Li Qing Zeng, Chen Ye Xu, Yi Dan Chen, Zhidong Zhang
- Internet Marketing, Mobile, Internet, Entertainment, Media, Curated Web
Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.
Since its establishment in 1998, 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 leading 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.
With its R&D staff comprising more than 60% of its employee base, Tencent has obtained patents relating to technologies in various areas such as 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 goals for the industry.
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 in the Hong Kong Stock Exchange (SEHK) on June 16, 2004.
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 milion, 626 million, 220 million, and 150 million, respectively.
Tencent's major competitors include Baidu, Alibaba, and Netease.
Current Team (26)Update
Founder, Executive Director, Chairman, & CEO
Core Founder, Advisor Emeritus & Founder and Honorary Chairman of Tencent Charity Fund
Group Senior Executive Vice President
Group Senior Executive Vice President
Senior Vice President
Chief Financial Officer ,Senior Vice President
Past Team (8)Update
Senior Director in Investment
Web Application Developer - Tencent America
Senior Executive Vice President
1998 - Nov, 2012
Associate Director, Strategy and Data Analysis
Aug, 2008 - Jan, 2011
Senior Marketing Manager
Senior Product Manager
Funding Rounds (2) - $220kUpdate
WeChat puts all of your social needs at your fingertips! Keep in touch with everyone important...
TenPay is an online payment solution much like PayPal. Its offered as both a solution for...
Much like South Korea-based Cyworld, QZone is a virtual world and social networking application...
Tencent Messenger, also known as TM, is TenCent's workplace-safe instant messaging product.
Soso.com is TenCent's search engine product, with the interface closely mimicking the look...
PaiPai is TenCent's online trading platform, that allows users to buy and sell goods digitally.
QQ.com is TenCent's main brand, providing a litany of services through its portal. Most...
Tencent Building, Kejizhongyi Avenue
Global Sources is a Hong Kong-based B2B media company facilitating trade between China and the...
Youku is a Chinese video-sharing website that enables users to search, view, and share...
Google is a search and advertising service provider that aims to organize and monetize the...
Yahoo! is a multinational internet corporation that offers a web portal, search engine, e-mail...