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) - $220kUpdate
|Jul 14, 2016||China Music Corp||$2.7B (terms undisclosed)|
|Jun 21, 2016||Supercell||$8.6B (terms undisclosed)|
|Feb 18, 2015||Miniclip SA||Unknown|
|Jan 27, 2015||Cloudary||Unknown|
|Jan 26, 2014||Linktech Navi||Unknown|
|Mar 1, 2012||Zam||Unknown|
|Feb, 2011||Riot Games||$400M (terms undisclosed)|
|Aug 23, 2010||Comsenz||Unknown|
|Apr 20, 2010||Shenzhen Domain Networks||Unknown|
|Sep, 2016||Skymind||$3M / Venture||—|
|Sep, 2016||Nav||$25M / Series B||—|
|Aug, 2016||Teambition||undisclosed amount / Series B (Lead)||—|
|Aug, 2016||hike||$175M / Series D (Lead)||—|
|Aug, 2016||Douyu TV||$226M / Series C (Lead)||—|
|Aug, 2016||Yintai Capital||$550M / Private Equity||—|
|Jul, 2016||Yonghong Tech||$30M / Series C (Lead)||—|
|Jul, 2016||Pinduoduo||$110M / Series B||—|
|Jul, 2016||Baobao||$15M / Series B||—|
|Jul, 2016||Future Mobility||undisclosed amount / Series A (Lead)||—|
|Jul, 2016||Medbanks Network Technology||$30M / Series B (Lead)||—|
|Jun, 2016||Entstudy.com||$18.21M / Series C||—|
|Jun, 2016||Didi Chuxing||$4.5B / Undisclosed||—|
|Jun, 2016||Payoff||$46.76M / Series C (Lead)||—|
|Jun, 2016||Meta||$50M / Series B||—|
|Jun, 2016||Qingsongchou Network Technology||$20M / Series B||—|
|Jun, 2016||Tile||$18M / Series B||—|
|Jun, 2016||Yuanfudao||$40M / Venture (Lead)||—|
|May, 2016||Paradox Interactive||$20.78M / Private Equity (Lead)||—|
|May, 2016||Planetary Resources||$21M / Series A||—|
|Apr, 2016||Beijing Weiying Technology||$462M / Series C||—|
|Apr, 2016||Kamcord||$10M / Series C||—|
|Apr, 2016||iCarbonX||$155M / Series A (Lead)||—|
|Apr, 2016||Home Link (Lianjia)||¥7B / Series B||—|
|Apr, 2016||G7||$45M / Series C (Lead)||—|
|Mar, 2016||Douyu TV||$100M / Series B (Lead)||—|
|Mar, 2016||SoYoung Technology||$50M / Venture (Lead)||—|
|Mar, 2016||Ningmeng Pictures||$76M / Series B||—|
|Mar, 2016||Linmon Pictures||$76M / Series B||—|
|Feb, 2016||ibibo Group||$250M / Undisclosed||—|
|Feb, 2016||Diffbot||$10M / Series A (Lead)||—|
|Jan, 2016||Discord||$20M / Venture||—|
|Jan, 2016||Meituan-Dianping||$3.3B / Series F||—|
|Nov, 2015||Circle Medical||$2.9M / Seed||—|
|Nov, 2015||Beijing Weiying Technology||¥1.5B / Series C||—|
|Nov, 2015||MissFresh e-commerce||$31M / Series B (Lead)||—|
|Nov, 2015||Zhihu||$55M / Series C (Lead)||—|
|Nov, 2015||Watsi||$3.5M / Series A||—|
|Oct, 2015||Artillery||undisclosed amount / Series A (Lead)||—|
|Oct, 2015||FlightCar||$20.72M / Series B||—|
Current Team (37)Update
iPick, new food information search platform, tailor-made for your wonderful every meal!
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.
QZone is a virtual world and social networking application for self-expression and content sharing.
Soso.com is TenCent's search engine product, with the interface closely mimicking the look and feel of Google.
Tencent Messenger, also known as TM, is TenCent's workplace-safe instant messaging product.
TenPay is an online payment solution much like PayPal. Its offered as both a solution for corporations and companies looking to install an
WeChat is a messaging application that enables its users to keep in touch with everyone important.
Sub Organizations (1)Update
Collaboration Fund Arm
|Aug 16, 2016||Bloomberg - Volvo Veteran-Led China Electric-Car Maker WM Raises $1 Billion|
|Aug 4, 2016||Channel News Asia - Tech - Massive funding, Apple backing helped Didi outrun Uber in China|
|Aug 3, 2016||Boston Tech Flash - Mountain View startup's actual moon shot OK'd for next year|
|Aug 3, 2016||google.com - Tencent Holdings Ltd (HKG:0700) HEFFX Trading Outlook|
|Aug 1, 2016||The Atlantic - Why Losing China Will Probably Be Good for Uber|
|Aug 1, 2016||Channel News Asia - Tech - Didi, Uber said to merge in China in US$35 billion deal|
|Jul 31, 2016||Channel News Asia - Tech - Chinese consortium agrees to US$4.4 billion deal for Caesars online games|
|Jul 31, 2016||Channel News Asia - Tech - Chinese consortium agrees US$4.4 billion deal for Caesars online games|
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Baidu is a Chinese website and search engine that enables individuals to obtain information and find what they need.
Global Sources is a Hong Kong-based B2B media company facilitating trade between China and the world through English language media.
Google is a multinational corporation that is specialized in internet-related services and products.
Yahoo! is a technology company that is known for its web services and applications.
Youku is a Chinese video-sharing website that enables users to search, view, and share high-quality video content across multiple devices.
Tencent Building, Kejizhongyi Avenue