While Tencent's services have included online gaming since 2004, around 2007/2008 it rapidly increased its offerings by licensing games. By 2008, Tencent was seeing profit growth from the sale of virtual goods. By 2005, charging for use of QQ mobile, its cellular value-added service, and licensing its penguin character, which could be found on snack food and clothing, had also become income generators. The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive extras. Tencent Holding Ltd was listed on the Hong Kong Stock Exchange on 16 June 2004, and it was added as a Hang Seng Index Constituent Stock in 2008. South African media company Naspers purchased a 46.5% share of Tencent in 2001 As of 2021, it owns 30.86% through Prosus, which also owns a stake in Tencent's sister companies, such as OLX, VK, Group, Delivery Hero, Bykea, Meesho, Stack Overflow, Udemy, Codecademy, Brainly and PayU. The company remained unprofitable for the first three years. Shortly after, Tencent had the client's name changed to QQ this was said to be due to a lawsuit threat from ICQ and its owner AOL.

In February 1999, Tencent's messenger product OICQ released. Initial funding was provided to it by venture capitalists. Tencent was founded by Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan and Zeng Liqing in November 1998 as Tencent Inc, incorporated in the Cayman Islands. ( February 2019) ( Learn how and when to remove this template message) Please try to keep recent events in historical perspective and add more content related to non-recent events. This article or section appears to be slanted towards recent events. It reached a market cap of US$950 billion on Februbut had fallen to US$579 billion on December 24, 2021 The company surpassed a market value of US$500 billion in 2018, becoming the first Asian technology company to cross this valuation mark. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen. It has over 600 investments, including 40% of Epic Games and 4% of Tesla. įounded in 1998, it owns Riot Games and Tencent Music. Its social application WeChat had 1.225 billion monthly active users in 2020. Tencent Holdings Ltd., also known as Tencent, is a Chinese multinational entertainment conglomerate, and the largest gaming company in the world. Tang4 seon3 hung3 gu2 jau5 haan6 gung1 si1 'Tencent' in Simplified (top) and Traditional (bottom) Chinese characters

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