Initial funding was provided to it by venture capitalists.

The name 'Tencent' is based on its Chinese name Tengxun (Chinese: 腾讯), which incorporates part of Pony Ma's Chinese name (Ma Hua teng 马化「腾」) and literally means 'galloping fast information'. Tencent was founded by Pony Ma, Zhang Zhidong, Xu Chenye, Charles Chen and Zeng Liqing in November 1998 as Tencent Inc, in the Cayman Islands. This article appears to be slanted towards recent events. Tencent's valuation approached US$1 trillion in January 2021 before it plummeted. TechCrunch characterized Tencent's investment strategy as letting its portfolio startups operate autonomously.

Tencent has stakes in over 600 companies, and began focusing on tech start-ups in Asia in 2017. In 2015, 2018, and 2020, the company was ranked by the Boston Consulting Group and Fast Company among the 50 most innovative companies worldwide. It has since then emerged as the most valuable publicly traded company in China, and is the world's tenth most valuable company by market value as of February 2022. The company surpassed a market value of US$500 billion in 2018, becoming the first Asian technology company to cross this valuation mark. It operates the instant messengers Tencent QQ and WeChat, and QQ.com. Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games. It is among the largest social media, venture capital, and investment corporations. Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen. įounded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. It is also the world's largest company in the video game industry based on its equity investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games. It is one of the highest grossing multimedia companies in the world based on revenue. ( Chinese: 腾讯 pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. Tang4 Seon3 Hung3 Gu2 Jau5 Haan6 Gung1 Si1 'Tencent' in Simplified (top) and Traditional (bottom) Chinese characters

Tencent wechat china pay 800m