About Tencent
Tencent is a company based in Shenzhen (China) founded in 1998 by Yidan Chen, Xu Chenye, Charles Chen, Tony Zhang Zhidong, Ma Huateng, and Zeng Liqing.. Tencent has raised $220 thousand across 6 funding rounds from investors including Prosus, CPP Investments and Remedy Entertainment. The company has 110,560 employees as of December 31, 2024. Tencent has completed 44 acquisitions, including 10 Chambers Collective, 1C Entertainment and Amer Sports. Tencent operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
- Headquarter Shenzhen, China
- Employees 110560 as on 31 Dec, 2024
- Founders Yidan Chen, Xu Chenye, Charles Chen, Tony Zhang Zhidong, Ma Huateng, Zeng Liqing
- Stage Public
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Phone
*********
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Website
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Social
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- Legal Name Tencent Holdings Ltd
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Annual Revenue
$92.17 B (USD)6.38as on Dec 31, 2024
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Net Profit
$27.09 B (USD)65.28as on Dec 31, 2024
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EBITDA
$35.77 B (USD)17.3as on Dec 31, 2024
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Total Equity Funding
$220 K (USD)
in 6 rounds
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Latest Funding Round
$16.73 M (USD), Post-IPO
Sep 27, 2024
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Investors
Prosus
& 5 more
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Employee Count
110560
as on Dec 31, 2024
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Investments & Acquisitions
10 Chambers Collective
& 43 more
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IPO & Listings of Tencent
Tencent is a publicly listed company on the HKEX with ticker symbol 700 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
65 people
Software Development Team
65 people
Senior Team
28 people
Data Analysis and Operations Team
23 people
Sales and Marketing
18 people
Human Resources and Administration
14 people
Head Team
10 people
Principal Team
10 people
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Funding Insights of Tencent
Tencent has successfully raised a total of $220K across 6 strategic funding rounds. The most recent funding activity was a Post-IPO round of $16.73 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $16.7M
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First Round
First Round
(01 Apr 2000)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Post-IPO - Tencent | Valuation |
investors |
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| Apr, 2019 | Amount | Debt – Conventional - Tencent | Valuation |
investors |
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| Jun, 2018 | Amount | Post-IPO - Tencent | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tencent
Tencent has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Prosus, CPP Investments and Remedy Entertainment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech companies are invested in by this venture capital firm.
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Venture capital firm
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Founded Year | Domain | Location | |
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Diversified operations are conducted across multiple industries globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tencent
Tencent has strategically engaged in corporate development activities, having acquired 44 companies. Notable acquisitions include 10 Chambers Collective, 1C Entertainment and Amer Sports. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Electronic products and accessories are retailed through online channels.
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2024 | ||||
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Fantasy games for PC and console are developed by Inflexion.
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2021 | ||||
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PC and console-based games, including Blood Hunt, are developed.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tencent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tencent Comparisons
Competitors of Tencent
Tencent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
IT and management consultancy services are provided globally.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tencent
Frequently Asked Questions about Tencent
When was Tencent founded?
Tencent was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is Tencent located?
Tencent is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Tencent?
Ma Huateng is the current CEO of Tencent. They have also founded this company.
Is Tencent a funded company?
Tencent is a funded company, having raised a total of $220K across 6 funding rounds to date.
How many employees does Tencent have?
As of Dec 31, 2024, the latest employee count at Tencent is 110,560.
What is the annual revenue of Tencent?
Annual revenue of Tencent is $92.17B as on Dec 31, 2024.
What does Tencent do?
Tencent is one of Chinas 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. Presently, Tencent is providing value-added Internet, mobile and telecom services and online advertising. Tencents 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 Chinas 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 RD 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, Chinas 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, Tencents 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 on 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 million, 626 million, 220 million and 150 million, respectively. Tencent faces competition from Baidu, Alibaba, and Netease. In 2022, the company recorded annual revenues of 82.41B and a net profit of 27.26B.
Who are the top competitors of Tencent?
Tencent's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
Is Tencent publicly traded?
Yes, Tencent is publicly traded on HKEX under the ticker symbol 700.
How many acquisitions has Tencent made?
Tencent has made 44 acquisitions, including 10 Chambers Collective, 1C Entertainment, and Amer Sports.
Who are Tencent's investors?
Tencent has 6 investors. Key investors include Prosus, CPP Investments, Remedy Entertainment, PCCW, and Lippogroup.
What is Tencent's ticker symbol?
The ticker symbol of Tencent is 700 on HKEX.
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