About Company
Tencent Holdings Ltd., also called Tencent, is a China-based international tech-business holding company. Tencent Holdings was set up in 1998. The subsidiary companies of Tencent carry out merchandising of different Internet-linked products and services across the world, such as artificial intelligence, leisure, and other know-how.
The double-edifice head office of the company named Tencent Binhai Mansion (called Tencent Seafront Towers as well) is situated in the Nanshan District, Shenzhen.
Tencent Holdings Ltd. ranks as the biggest video game seller in the world, and also one of the worthiest firms in the world.
Tencent is one of the biggest angel investors, social media, and investiture firms in the world.
The company’s services comprise music, social networking, e-business, websites, Internet facilities, mobile gaming, smartphones, payment processing, and online multi-participant games.
In China, products include WeChat and Tencent QQ, both instant messengers, and QQ.com, one of the leading websites. Tencent is the proprietor of the lion’s share of music providers in China (Tencent Music), featuring over seven hundred million active free subscribers and one hundred twenty million paid subscribers.
In 2018, Tencent Holdings Ltd. outperformed a market valuation of US $500 billion, turning into the oldest tech firm in Asia to surpass this valuation spot.
Since that time, Tencent has surfaced as the worthiest firm in China with its common stocks traded publicly. It is also one of the top tech firms in the world in terms of market valuation.
The Boston Consulting Group and Fast Company rated Tencent in 2015, 2018, and 2020 among the fifty most forward-looking firms across the world.
Tencent Holdings is the stakeholder in more than six hundred business enterprises. In 2017, it commenced concentrating on new tech businesses in Asia. TechCrunch typified the investment planning of Tencent Holdings as permitting its portfolio businesses to run independently.
When was Tencent Holdings founded?
Tencent Holdings Ltd. was established 22 years ago, on November 11, 1998.
Who are the founders of Tencent?
The following people are the founders of the company:
- Tony Zhang
- Ma Huateng
- Chen Yidan
- Xu Chenye
- Zeng Liqing
Which area does Tencent Holdings serve?
Tencent has a global client base.
Products and services of Tencent Holdings
The products and services offered by the company include the following:
- Search engine
- Instant messaging
- Social networking
- e-commerce
- Web portals
- Mass media
- Antivirus software
- Web browser
- Music
- Artificial intelligence
- Movie production
- Payment processing
- Online services
- Video games
How many employees does Tencent Holdings have?
As of 2020, the company has 85,858 workers.
Who are the proprietors of Tencent?
The following are the proprietors of Tencent:
- Naspers – 28.9% non-balloting control; from 2019 via Prosus
- Tony Zhang – 3.5%
- Ma Huateng – 8.42%
Which are the subsidiaries of Tencent Holdings?
The subsidiaries of Tencent Holdings are the following:
- Fatshark
- Aurora Studio
- Grinding Gear Games
- Funcom
- Klei Entertainment
- Iflix
- Lightspeed & Quantum
- Leyou
- Morefun Studio
- Miniclip
- Riot Games
- Next Studios
- Sixjoy
- Sharkmob
- Tencent Music
- Supercell
- TiMi Studios
- Tencent Pictures
- Warner Music Group – 1.6%
- Universal Music Group – 20%
- Yager Development
Tencent Holdings Corporate Governance
The biggest stakeholder of Tencent is Prosus (the lion’s share is held by Naspers) which is the proprietor of a 30.99% stake. Nonetheless, the co-founder of the company, Ma Huateng, possesses a substantial stake in it.
Presently, the Tencent Binhai Mansion serves as the head office of Tencent Holdings. Another name of the venue is the Tencent Seafront Towers. It is situated in the Nanshan District of Shenzhen, a city in China. Besides its head office in Shenzhen, the company also has administrative centers in Shanghai, Beijing, Guangzhou, and Chengdu.
The company features an undivided board of directors comprising Ma Huateng, CEO, Co-Founder, and Chairman of the organization (also called Pony Ma), Martin Lau, President and Executive Director of Tencent, Charles Searle, and Jacobus “Koos” Bekker of Naspers, both non-executive directors and Iain Bruce, Li Dongsheng, Yang Siushun, and Ian Stone, all autonomous non-executive directors.
The administration of Tencent Holdings is supported by the Planning Division, typically identified as SD that offers business principles for the different departments of the organization.
Ma Huateng
Ma Huateng is one of the Co-Founders of Tencent Holdings Ltd. and also serves as the Chief Executive Officer and Chairman of the Board of Directors.
Also known in the name of Pony Ma, Huateng co-established Tencent Holdings Ltd. in 1998. He has the lead role in the planned growth, general supervision, and administration of the company. Earlier, Huateng headed the R&D team for the Internet pagination scheme with China Motion Telecom Development Limited that is a telecom products and services supplier in the country.
Ma has a B.Sc degree from Shenzhen University with a specialization in Computer and Applied Engineering.
Martin Lau
Martin Lau serves as the President and Executive Director of the company. In 2005, Lau became a part of Tencent Holdings Ltd. as Chief Strategy and Investment Officer. He was entrusted with the responsibility for business planning, investiture, investor relations, and merger and acquisitions.
In 2006, Lau was elevated to the position of the President of Tencent Holdings for handling the routine functioning of the organization. In 2007, Martin got the appointment of the Executive Director of the BoD.
Before joining Tencent, Lau served as an executive director of the investment banking segment of Goldman Sachs (Asia) LLC. He was the COO (Chief Operating Officer) of the Telecommunication, Media, and Technology Group of the company as well.
Earlier, Martin had been employed with Mckinsey & Company, Inc. in the capacity of an administration advisor. Lau has a B.Sc degree from the University of Michigan in Electrical Engineering, an M.Sc degree from Stanford University in Electrical Engineering, as well as a Master of Business Administration degree from Northwestern University’s Kellogg Graduate School of Management.
Xu Chenye (Daniel Xu)
Xu Chenye is one of the co-founders of Tencent and currently serves as the Chief Information Officer (CIO) of the organization.
Xu is one of the co-founders of the company in 1998. As the Chief Information Officer of Tencent, Chenye supervises tactical planning and growth of the website attributes of the organization as well as consumer relations and communities.
Earlier, Xu was employed with Shenzhen Data Telecommunications Bureau. This is the place that helped him acquire management skills in Internet supervision, software system planning, marketing, and sales.
Chenye has a B.Sc degree from Shenzhen University in Computer Science and an M.Sc degree from Nanjing University in Computer Science.
Ren Yuxin (Mark Ren)
Ren Yuxin is the Chief Operating Officer of the company. He also serves as the President of the Platform and Content Group and Interactive Entertainment Group of the company. He was elevated to the position of COO in 2012 May. Yuxin became a part of the company in 2000. In 2005, he was elevated to supervise business processes, R&D, and sales and marketing of gaming merchandise for the Interactive Entertainment Business segment.
Since 2018, Ren has headed the Platform and Content Group of the company. Before joining this organization, Yuxin was employed with Huawei Technologies Co., Ltd.
Ren has a B.Sc degree from the University of Electronic Science and Technology of China in Computer Science and Engineering and an Executive Master of Business Administration degree from CEIBS (China Europe International Business School).
James Mitchell
James Mitchell serves as the Senior Executive Vice President and Chief Strategy Officer of Tencent Holdings. Mitchell became a part of the organization in 2011. James has the responsibility for tactical planning and execution, investiture operations, mergers and acquisitions, as well as investor relations. Before working for Tencent, Mitchell served as a Goldman Sachs Managing Director in New York, heading the interactions, leisure and media research group of the bank which assessed leisure, Internet, and media firms worldwide.
Mitchell holds a CFA® license and also has an Oxford University degree.
John Lo
John Lo serves as the Senior Vice President and Chief Financial Officer of the company. In 2004, he became a part of Tencent Holdings in the position of Financial Controller. Lo was elevated to the rank of Deputy Chief Financial Officer in 2008. In 2012 May, he got the berth of the Chief Financial Officer. Before becoming a part of this organization, Lo was serving PricewaterhouseCoopers.
John has a Bachelor of Business degree from Curtin University in Accounting and an Executive Master of Business Administration degree from Northwestern University’s Kellogg Graduate School of Management and The Hong Kong University of Science and Technology. Lo is a Fellow of the following institutes:
- Hong Kong Institute of Certified Public Accountants
- CPA (Certified Practising Accountant) Australia
- Chartered Institute of Management Accountants (CIMA)
Besides, he is an associate of the Association of Chartered Certified Accountants.
Subsidiaries of Tencent
The company has 4 wholly-owned enterprises owned by foreigners and almost 20 subordinate organizations.
Tencent Technology (Shenzhen) Co Ltd.
Tencent Technology (Shenzen) Company Limited serves as a software development division of the firm that has produced, amid others, Tencent Traveler and the subsequent editions of QQ Instant Messenger, together with particular smartphone software. It is a subsidiary company of Tencent Holdings and is based in the southern neighborhood of Hi-Tech Park in Shenzhen. Tencent Technology Co Ltd. also owns several patents/exclusive rights associated with instant messaging and particularly multi-participant online gaming.
Tencent Holdings Research and Development Activities
In 2007, the company endowed more than 100 million RMB in the setting up of the Tencent Research Institute that turned into the oldest research facility in China devoted to fundamental Internet applications. The compounds are situated in Shenzhen, Shanghai, and Beijing.
Tencent Holdings Viewpoint
The company is a global leader in Internet technologies that designs ground-breaking products and services for bettering the lifestyle of people across the globe. The strategy of the company is to create user worth and it attempts to integrate collective responsibility with its products and services. Besides, it encourages cultural vigor and pioneering technologies. It assists in the digital modernization of industries and is ready to partner with other organizations to ensure the eco-friendly progress of society.
Tencent Holdings Financial Performance
Tencent Holdings Stock Performance
On October 15, 2021, Tencent Holdings Ltd., ticker symbol TCEHY, closed trading at US $63.99 at 3:59 pm Eastern Daylight Time.
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