Minority stake of Naspers
125 Investments in 104 Companies
Shenzhen, Guangdong
Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.
Internet, Mobile

Company Details

November 1, 1998
10k + | 37 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 (3) - $420k

DateAmount / RoundValuationLead InvestorInvestors
May, 2001undisclosed amount / Private Equity1
Apr, 2000$220k / Venture2
Jan, 1999$200k / Angel0

Investors (3)

DateInvested InRoundPartner(s)
Oct, 2016$40M / Series B
Sep, 2016$3M / Venture (Lead)
Sep, 2016$25M / Series B
Aug, 2016undisclosed amount / Series B (Lead)
Aug, 2016$175M / Series D (Lead)
Aug, 2016$226M / Series C (Lead)
Aug, 2016$550M / Private Equity
Jul, 2016$30M / Series C (Lead)
Jul, 2016$110M / Series B
Jul, 2016$15M / Series B
Jul, 2016undisclosed amount / Series A (Lead)
Jul, 2016$30M / Series B (Lead)
Jun, 2016$18.21M / Series C
Jun, 2016$46.76M / Series C (Lead)
Jun, 2016$4.5B / Undisclosed
Jun, 2016$50M / Series B
Jun, 2016$20M / Series B
Jun, 2016$18M / Series B
Jun, 2016$40M / Venture (Lead)
May, 2016$85M / Private Equity
May, 2016$20.78M / Private Equity (Lead)
May, 2016$21M / Series A
Apr, 2016$462M / Series C
Apr, 2016$10M / Series C
Apr, 2016$155M / Series A (Lead)
Apr, 2016¥7B / Series B
Apr, 2016$45M / Series C (Lead)
Mar, 2016$100M / Series B (Lead)
Mar, 2016$50M / Venture (Lead)
Mar, 2016$76M / Series B
Mar, 2016$76M / Series B
Feb, 2016$250M / Undisclosed
Feb, 2016$10M / Series A (Lead)
Jan, 2016$20M / Venture
Jan, 2016$3.3B / Series F
Nov, 2015$2.9M / Seed
Nov, 2015¥1.5B / Series C
Nov, 2015$31M / Series B (Lead)
Nov, 2015$55M / Series C (Lead)
Nov, 2015$3.5M / Series A

Current Team (37)


Products (8)

  • 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)


Competitors (6)

  • Alibaba is a Chinese e-commerce company operating online marketplaces for both international and domestic China trade.
  • 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.

Offices/Locations (1)

  • Office

    Tencent Building, Kejizhongyi Avenue

    Hi-techPark,Nanshan District

    Shenzhen, Guangdong 518057


Past Event Appearances (5)

Images (2)


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