[28] The product quickly became popular and garnered more than a million registered users by the end of 1999, making it one of the largest such services in China. TechNode", Tencent to Build 3000-person Search Army to Power Search Engine, "Soso.com Traffic, Demographics and Competitors - Alexa", What Valley Companies Should Know about Tencent, Products & Services > Instant Messaging Service, "配合腾讯微博公测 QQ2010 Beta3试用版发布-QQ,2010,beta,微博 ——快科技(原驱动之家)--全球最新科技资讯专业发布平台", "Australian Juwai.com and Chinese tech giant Tencent launch new property website", "China's Tencent is quietly testing a "social credit score" based on people's online behavior", "How Tencent's medical ecosystem is shaping the future of China's healthcare", "Tencent to merge Doctorwork with Trusted Doctors", "Tencent Establishes Insurance Platform WeSure Through WeChat and QQ", "Tencent poised to launch virtual reality headset", "Tencent to develop cloud game platform with Huawei", "A relay for life protection from Shenzhen to Boston - Xinhua Net", "Tencent to invest US$70 billion in new digital infrastructure", "China's Tencent Plays Master Builder as Tech Firm Plans 'Net City, "Tencent is building a Monaco-sized 'city of the future' in Shenzhen", "Tencent Shows Off High Tech Shenzhen Headquarters". Tencent - Competitors It has established itself as one of the world's largest video game company, world's largest social media company, world's largest venture capital firms, investment corporation  and a market leader across diverse industries. Majority of Tencent's revenue comes from in app purchases, from subscription fees on its platform like Tencent Video. Operating in diverse industries, Tencent has a diverse source of revenue. Tencent - Revenue Model Also Read: List of Indian Companies backed by Chinese investors. Tencent CEO Ma Huateng, also known as Pony Ma, started out making $176 a month and now has a net worth of $45 billion. Tencent is committed to developing new innovations which provide value to people’s lives. Ma has been closely compared to American investor Warren Buffett for their similar investment philosophies, and often described as an "aggressive acquisitor". Tencent has invested in 15 Indian companies - Dream 11, Hike, Swiggy, Flipkart, Practo, Ola, Gaana, PolicyBazaar, Udaan, Byju's,  are some of the companies that received funding from Tencent. [8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. For the the first 3 years, the company was in losses. "[34], Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. [27] Inspired by the idea, Ma and his team launched in February 1999 a similar software, with a Chinese interface and a slightly different name – OICQ (or, Open ICQ). [31] With the pager market declining, Ma improved the messaging platform by allowing QQ users to send messages to mobile handsets. Tencent Holdings Limited is a Chinese Multinational Conglomerate which almost has acquisitions in every corner of the business world. A recent report lists 92 major Indian startups that has received funding from Chinese companies. After graduating, Ma Huateng worked with China Motion Telecom Development, where he developed software for pagers, and earned $176/ month ( Today Ma Huateng's net worth is US$51.2 billion) . Let's take a look into the some interesting facts and figures about Tencent. [24] He was enrolled in Shenzhen University in 1989 and then graduated in 1993 with a Bachelor of Science in computer science. [26] He also worked for Shenzhen Runxun Communications Co. Ltd. (深圳润迅通讯发展有限公司) in the research and development department for Internet calling services. Ma Huateng (Chinese: 马化腾; pinyin: Mǎ Huàténg, born on October 29, 1971), also known as Pony Ma, is a Chinese business magnate, investor and philanthropist. StartupTalkers. He reportedly owns property in Hong Kong and art pieces worth US$150 million. Get the latest posts delivered right to your inbox. After the AOL case, Ma decided to expand the business portfolio of Tencent. And William Ding, who heads multimedia giant and Tencent’s biggest gaming competitor NetEase, ranks 10th. Chen is currently associated with Tencent as an advisor, sponsor and honorary chairman of the Tencent Charity Foundation. He reportedly earned $176 per month. [12][13][14][15][16][17][18], As of September 2020, he is China's richest man, surpassing Jack Ma, with a net worth of US$59.9 billion according to Forbes. "We knew our product had a future, but at that time we just couldn't afford it," Ma remembered. Company Snapshot: Tencent Technology (Shenzhen) Co., Ltd. China Developers Bring Mobile Widgets to Market, IPEXL Search > Patent Directory > "TENCENT TECHNOLOGY SHENZHEN COMPANY LIMITED", "Tencent stripped of antivirus rankings for cheating on tests", "Security Vendor Tencent Optimizes Antivirus for Better Independent Test Results", "Tencent, Qihoo antimalware firms are accused of cheating, stripped of rankings in antivirus tests", "Tencent and Toutiao come out swinging at each other", "Tencent sues Toutiao for alleged defamation, demands 1 yuan and apology", "The Intermingling of State and Private Companies: Analysing Censorship of the 19th National Communist Party Congress on WeChat", "Tencent and ByteDance Take Ongoing Feud to Court", "China targets tech giants in app privacy crackdown", https://en.wikipedia.org/w/index.php?title=Tencent&oldid=983041961, Creative Commons Attribution-ShareAlike License, Full ownership of Swedish developer Sharkmob, founded in 2017 by ex-, 5% ownership of Chinese company Century Huatong, which operates games developed by, 17.66% ownership of South Korean mobile developer, Majority ownership in Switzerland-based mobile game developer, Minority ownership of French mobile game developer, Major share in Sweden's 10 Chambers Collective, the developer of, This page was last edited on 11 October 2020, at 22:05. About Tencent Besides Tencent, Zeng also co-founded Taomee Holdings Ltd ( a company producing children's entertainment products) and Shenzhen Dexun Investment Co., Ltd. The company has also started its operations in an insurance stream known as WeSure Internet Insurance Limited. Ma Huateng (Chinese: 马化腾; pinyin: Mǎ Huàténg, born on October 29, 1971), also known as Pony Ma,[2] is a Chinese business magnate, investor and philanthropist. [40], Last edited on 20 September 2020, at 14:21, "Pony Ma, the global strategist with deep pockets", "Tencent posts 69 percent jump in quarterly net profit; becomes the most valuable company in Asia", Investing in China: The Emerging Venture Capital Industry, "The 100 Most Influential People in the World", Biographical Dictionary of New Chinese Entrepreneurs and Business Leaders, Pg. In 2004 itself, Tencent was also listed on Hong Kong Stock Exchange. Paul Fang, CEO of electric appliance maker Midea, comes in at number eight. [27] In order to solve the problem, Ma asked for bank loans and even talked about selling the company. [27], Along with four other classmates, Ma Huateng went on to co-found Tencent in 1998. In 2007, 2014,[6] and 2018, Time magazine named him one of the world's most influential people,[7] while in 2015, Forbes credited him as one of the world's most powerful people. Some of the main subsidiaries include Tencent Industry Win-Win Fund, Tencent Public Space, Tencent Industry Collaboration Fund, Tencent Research Institute, and Tencent Technology Co Limited. Kenichi Sato, Platinum's president and CEO, said Tencent "has no effect on the independence of our company, and we will continue operations under our current corporate structure."

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