2004 IPO
Tencent Holdings Stock
Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.
Sign up today and learn more about Tencent Holdings Stock
Invest in or value your shares in one or many pre-IPO companies through an EquityZen investment vehicle.
About Tencent Holdings Stock
Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services. Since its establishment in 1998, Tencent has maintained steady growth under its user-oriented operating strategies. It provides value-added internet, mobile and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s leading internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others. With its R&D staff comprising more than 60% of its employee base, Tencent has obtained patents relating to technologies in various areas such as instant messaging, e-commerce, online payment services, search engine, information security, gaming, and many more. In 2007, Tencent invested more than RMB100 million in setting up the Tencent Research Institute, China's first internet research institute, with campuses in Beijing, Shanghai, and Shenzhen. The institute focuses on the self-development of core internet technologies in pursuing its development and innovation goals for the industry. Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed in the Hong Kong Stock Exchange (SEHK) on June 16, 2004. In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and Wechat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo and QQ news were 274 milion, 626 million, 220 million, and 150 million, respectively. Tencent's major competitors include Baidu, Alibaba, and Netease.
Funding History
January 1999 | $200K |
---|---|
April 2000 | $220K |
May 2001 | $32.0M |
Management
Human Resource Shared Service Centre Director
Hongfeng Sun
Head of Business Development, North America
Randy Lee
Director of Xuanwu Lab
Yang Yu
President of Online Media Group, Senior Executive Vice President
Lau Seng Yee
CEO of Tencent E-Commerce Holding Company, Senior Executive Vice President
Wu Xiaoguang
SVP
Steven Ma
Founder, Chief Technology Officer
Zhidong Zhang
VP - Business Development
Dan Brody
Chief Strategy Officer, Senior Executive Vice President
James Mitchell
Security Researcher at XuanWu Lab
Huiming Liu
Press
TechCrunch - Jan, 19 2020
China Roundup: Tencent’s new US gaming studio and WeChat’s new paywallForbes - Jan, 9 2020
Tencent’s Nintendo Switch Game Cartridges Only Work In ChinaTechCrunch - Dec, 22 2019
China Roundup: Ant Financial’s new boss and Tencent’s army of new appsForbes - Dec, 12 2019
China Market Update: Powell’s Positives & Mainland InflowsTechCrunch - Nov, 17 2019
China Roundup: Alibaba’s Hong Kong listing and Tencent’s new fuel