Tencent Holdings Net Worth is55.8 12-Month Sales Growth (%)
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Company Name: Tencent Holdings Limited , ????????
Company Type: Public company
Traded As: 700
Foundation: 1998
Founders: Ma Huateng , Zhang Zhidong
Location City: Shenzhen, Guangdong
Location Country: China
Key People: Ma Huateng, Chairman
Area Served: China
Industry: Internet
Products: Social networks, web portals, e-commerce, and multiplayer online games
Services: Online services
Revenue: 28,496 million/link
Operating Income: 12,099 million (2011) Net Income: 10,225 million (2011) Assets: 56,804 million (2011) Equity: 29,088 million (2011) Num Employees: 20,000 (2011) Homepage: [http://www.tencent.com/en-us/index.shtml tencent.com]
Tencent Holdings Limited (SEHK: 700) is a Chinese investment holding company whose subsidiaries provide Internet and mobile phone value-added services and operate online advertising services in the People's Republic of China. Its headquarters are in Nanshan District, Shenzhen.
Tencent's diverse services include social networks, web portals, e-commerce, and multiplayer online games. It operates the well-known instant messenger Tencent QQ and runs one of the largest web portals in China, QQ.com.
As of December 31, 2010, there were 647.6 million active Tencent QQ IM user accounts, making Tencent QQ the world's largest online community at the time. The number of simultaneously online QQ accounts has sometimes exceeded 100 million.
As of November 2010 the company is the third largest Internet company in the world behind Google and Amazon with a market capitalization of US$38 billion. Other big, Chinese Internet companies include Sina and Baidu.
Tencent was founded by Ma Huateng and Zhang Zhidong in November 1998 as Tencent Inc.Incorporated in the Cayman Islands, initial funding was provided to it by venture capitalists. The company remained unprofitable for the first three years.
South African Naspers purchased a 46% share of Tencent in 2001. (As of 2010, it owns 35%.) During these early years Tencent's iconic messenger product had its name changed from OICQ to QQ; this was said to be due to a (apocryphal[citation needed]) lawsuit from ICQ itself. Others say American Internet company AOL, not ICQ, requested the name change. 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.
The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive added extras. But by 2005, charging for use of QQ mobile, its cellular value-added service, and licensing its iconic penguin character, which can be found on snack food and

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Tencent Holdings Latest News

Tencent results blow past forecasts on strength in games, WeChat

Tencent Holdings Ltd , China's biggest gaming and social media firm by revenue, trumped forecasts to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising. The most valuable firm listed in Asia ...
Posted: August 16, 2017, 4:57 am

Tencent to boost AI after profit jumps on mobile games, WeChat

HONG KONG (Reuters) - Tencent Holdings Ltd 0700.HK>, China's biggest gaming and social media firm by revenue, trumped forecasts to post its best-ever quarterly results, driven by higher income from smartphone games, payments and online advertising.
Posted: August 16, 2017, 10:16 am

NFL, Tencent announce China digital partnership

The National Football League and Tencent Holdings Limited announced a three-year partnership to make Tencent Sports the exclusive live digital streaming media partner of the NFL in China. Under terms of the agreement, Tencent will air live and on-demand ...
Posted: August 20, 2017, 9:00 pm
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