Headquarters:
Shenzhen
Description:
Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.
Founders:
Pony Ma, Li Qing Zeng, Chen Ye Xu, Yi Dan Chen, Zhidong Zhang
Categories:
Internet Marketing, Mobile, Internet, Entertainment, Media, Curated Web
Website:
http://www.tencent.com

Company Details

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Founded:
November, 1998
Employees:
26 in CrunchBase

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.

Funding Rounds (2) - $220k

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Board Members and Advisors (1)

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Products (7)

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  • E4ec235e294c00fa5ecec408fc93b3d1

    WeChat

    WeChat puts all of your social needs at your fingertips! Keep in touch with everyone important...
  • E36618113842d475f1f813030629a59a

    Tenpay

    TenPay is an online payment solution much like PayPal. Its offered as both a solution for...
  • 459b0d42d45c97e46122ba1da3688e8a

    QZone

    Much like South Korea-based Cyworld, QZone is a virtual world and social networking application...
  • F2f29f473b994b0b549ecfb4b97ab7fd

    TM

    Tencent Messenger, also known as TM, is TenCent's workplace-safe instant messaging product.
  • F571a7d78811a451e9e5cd1d79f2ec70

    SoSo

    Soso.com is TenCent's search engine product, with the interface closely mimicking the look...
  • 09a899041533d68ad39bf3e43f68d235

    PaiPai

    PaiPai is TenCent's online trading platform, that allows users to buy and sell goods digitally.
  • C8267686ceb0f0e1b3c5d5b97705fd76

    QQ

    QQ.com is TenCent's main brand, providing a litany of services through its portal. Most...

Acquisitions (5)

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Investors (3)

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  • E22dde606df0ba1ec673cf9e4dd2f98d

    Naspers

    Naspers is a multinational media company that services the electronic and print media sectors.
  • 440b76811853229e6bf147f21fe91aab

    IDG Capital Partners

    China-focused investment firm
  • 27c655ebe58208092ccd7d7638a8a6b7

    PCCW

    telecommunications services

Offices/Locations (1)

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  • Office

    Tencent Building, Kejizhongyi Avenue

    Hi-techPark,Nanshan District

    Shenzhen, 518057

    CHN

Competitors (4)

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  • A756d364e268f94bc7b1c90f33c3bf93

    Global Sources

    Global Sources is a Hong Kong-based B2B media company facilitating trade between China and the...
  • Ea72d4f7db37659eb35b4c883e3abfea

    Youku

    Youku is a Chinese video-sharing website that enables users to search, view, and share...
  • Tjiikcwcsseopwkjav7e

    Google

    Google is a search and advertising service provider that aims to organize and monetize the...
  • C187156ec70bbfdaa955acbb559c3389

    Yahoo!

    Yahoo! is a multinational internet corporation that offers a web portal, search engine, e-mail...

Customers (1)

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Images (2)

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  • E8fa48737afc1c5cda523fd1a9a1023a

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