Tencent Holdings – Company Overview

Tencent Holdings is a multinational conglomerate company that is based in China. This company was established in the year 1998. It specializes in offering various internet-related products and services for the people looking forward to getting hold of them. In addition to that, Tencent Holdings is offering numerous AI-related services as well. The services offered by Tencent Holdings are not just available for people in China, but also from many other parts of the world. 

You can call Tencent Holdings, the largest video game company that you can find in the entire world. On the other hand, it is one of the most valuable companies you can find. It is a perfect example of a top social media-worthy company available out there on top of everything. 

Tencent Holdings is offering numerous services to the people. They include payment systems, multiplayer online games, smartphones, payment systems, internet services, mobile games, e-commerce platforms, web portals, music services, and social networks. On the other hand, Tencent Holdings is offering online multiplayer games as well. They are quite popular across the world. Tenant QQ, which is one of the largest IM platforms that you can find, is a product owned by Tencent Holdings as well. 

Most of the music services that are available in China are owned by Tencent Holdings. In fact, more than 700 million subscribers are using the services available. There are 120 million paid subscribers out of them. It is one of the biggest revenue-generating streams available for the company as well. Along with time, Tencent Holdings has become one of the most valuable companies based in Asia as well. In addition to that, you can call it one of the worthiest companies in terms of market value. 

History of Tencent Holdings

Zhang Zhidong, Pony Ma, Zeng Liqing, Chen Yidan, and Xe Cheney were the founders of Tencent Holdings. They got together and launched the company in 1998. Initial investment wanted to get the company up from the ground was provided by venture capitalists. Then the company was able to discover its own revenue stream and move forward along with time.

Along with time, Tencent Holdings went through numerous investments. These investments heavily contributed to the overall success of the company. During the past decade, the company was able to experience rapid growth. That’s mainly because the management paid special attention to offering technological services for the people in need under the brand name. This helped heavily towards the company’s overall success.

Products and services of Tencent Holdings

Tencent Holdings is offering numerous products and services to the market as of now. Here’s a list of some of the most prominent products and services that are available under the company as of now.

  • Social media 

Tencent QQ is the social media network of the company. It was launched back in the year 1999. As of now, this instant messaging platform is widely being used by people who live in China. They are impressed with the features that the IM platform is offering. As per recent stats, more than 700 million people are using the platform. This is one of the largest online communities that you can find out there in the world as well. In 2006, the total number of users connected to the servers of QQ reached 100 million. 

  • Entertainment services 

Tencent Holdings is one of the leading players that you can find in the entertainment industry as well. In fact, the company is offering numerous entertainment services. Out of them, video games have received lots of attention. The video games are developed by a division of Tencent Holdings, which is named Tencent Interactive Entertainment. It was launched back in the year 2003. This division focuses more on the development of online games for the people who are interested in.

The very first game launched by Tencent Holdings was QQ Tang. It was launched in the year 2004. The game was made available through the social media platform. Then the company launched numerous 2D online games. Almost all these games were available through the IM platform.

Along with success, Tencent Holdings ventured into the development of multiplayer online games in the year 2015. The very first online multiplayer game launched by the company was Honor of Kings. This game was launched focusing on the Chinese market. It was able to become the highest-grossing and most popular game in the world during the year 2017.

  • Cinema and television 

Back in the year 2009, Tencent Holdings launched Q. This was able to establish the television and cinema arm of the company. In fact, they could launch interactive smart television services. This was launched along with a partnership with TCL. Back in the year 2015, the company launched Tencent Pictures. The company started offering animated series, comic books, and movies based on books to the market. 

Comics offered by Tencent Holdings are quite popular. These comics were launched under an arm of the business called Tencent Comic. It was able to become the biggest online animation platform at a later stage.

  • Music 

As mentioned earlier, Tencent Holdings has ownership of the largest music streaming platform out there in the world. It includes agreements with YG Entertainment, Warner Music Group, and Sony as well. Apart from these agreements, Tencent Holdings agreed with the music streaming services offered by Alibaba Group. That’s how they could become the owner of the largest music streaming service that is based in the country. 

  • Video streaming 

Tencent Holdings is having the ownership of a video streaming platform. This video streaming platform is called Tencent Video. It provides live streaming services. Millions of people have signed up with it to obtain the video streaming services as well.

Link – https://www.tencent.com/en-us/about.html