Journalism of Courage
Tencent
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Tencent Holdings Ltd, a Chinese multinational technology conglomerate, has rapidly ascended to global prominence since its 1998 founding. Headquartered in Shenzhen, the company’s revenue makes it one of the world’s highest-grossing multimedia firms, and its equity investments solidify it...
- Company type Public
- Industry Technology
- Founded 7 November 1998
- Founders Pony Ma, Tony Zhang, Xu Chenye, Charles Chen, Zeng Liqing
- Headquarters Tencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong, China
- Key people Pony Ma (chairman, CEO), Martin Lau (executive director, president)
- Revenue CN¥609.015 billion (US$86.02 billion) (2023)
- Net income CN¥118.048 billion (US$16.67 billion) (2023)
- Number of employees 105,417 (2023)
- Subsidiaries iflix, List of §Video games companies subsidiaries
- Website www.tencent.com
Tencent history
Last Updated : 24/03/25, 06:21 PM
Tencent: A Technological Colossus Founded in 1998 by Pony Ma and others, Tencent Inc, initially funded by venture capitalists, rapidly expanded from its messenger service, QQ, overcoming early financial challenges. Naspers' significant investment in 2001 proved pivotal. Its 2004 Hong Kong Stock Exch...
TENCENT NEWS
Tencent launches T1 reasoning model amid growing AI competition in China
March 22, 2025 8:55 am
The launch comes amid heightened rivalry in China's AI landscape following DeepSeek's introduction of models that offer comparable or superior performance to Western systems at substantially lower costs.
Tencent releases new AI model, says replies faster than DeepSeek-R1
February 28, 2025 10:33 am
The Hunyuan Turbo S is able to reply to queries within a second, distinguishing itself "from DeepSeek R1.
Tencent working on mobile version of hit console game 'Elden Ring'
February 06, 2024 2:15 pm
The game, released in 2022 for $60, sold about 20 million copies in its first year, making it the world's second best-selling game for the year. Its fans include billionaire Elon Musk.
Tencent chief says gaming business under threat, catching up in AI
January 31, 2024 8:37 am
Tencent's past hits such as “Honor of Kings” and “PUBG Mobile” continue to deliver strong revenue, but recent products are falling short of expectations.
China's Tencent debuts large language AI model, says open for enterprise use
September 07, 2023 11:39 am
Hunyuan's debut comes after several Chinese tech firms including Baidu Inc and SenseTime Group recently unveiled their own AI models.
The AI arms race: How China and the US are competing in generative AI technology
April 12, 2023 8:24 am
With companies pouring billions into artificial intelligence, the battle for generative AI dominance between the US and China heats up.
Tencent scraps plans for VR hardware as metaverse bet falters
February 17, 2023 2:44 pm
The world's largest video game publisher had ambitious plans to build both virtual reality software and hardware at an "extended reality" XR unit it launched in June last year for which it hired nearly 300 people.
Tencent plans ‘Valorant’ league as gaming crackdown eases
February 14, 2023 10:06 am
Launched globally in 2020, Valorant has grown to become one of the most popular esports titles, vying for a multibillion-dollar market along with rival shooters like Blizzard’s Overwatch.
China's Tencent starts new round of layoffs -sources
November 15, 2022 5:06 pm
China's technology sector continues to feel the effects of a regulatory crackdown and zero-COVID measures
Tencent seeks bigger stake in 'Assassin's Creed' maker Ubisoft
August 05, 2022 9:05 am
It is not clear how much more Tencent wants to own in Ubisoft, valued at $5.3 billion, but Tencent aims to become the single largest shareholder of the French company with an additional stake purchase.
