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Sep 20, 2022 · From owning stakes in Fortnite, Snapchat and Tesla, to funding Hollywood movies like Venom, Chinese internet giant Tencent probably plays a bigger role in your daily life than you think. A new book by Lulu Chen examines Tencent’s rise and looks ahead to its future
Mar 9, 2023 · The rise and struggles of Tencent. This week on Sinica, Kaiser speaks with Lulu Chen, journalist and author of Influence Empire: Inside the Story of Tencent and China’s Tech Ambition, on her experience reporting on one of the most valuable internet companies in the world. Kaiser Kuo Published March 9, 2023. Illustration for The China Project ...
Feb 9, 2021 · SINGAPORE: Tencent, China’s Shenzhen-based digital platform giant, recently surpassed Facebook as the most valuable social media company in the world – at least, temporarily. At the end of July,...
- How It Got Started
- It Owns Social (and More) in China
- Gaming and Us Expansion
- How Tencent Got So Big
- Where Things Are Going
Founded in 1998, Tencent got its start with its OICQ messenger, which was later renamed to QQ due to rumors of possible legal action from fellow chat app dev ICQ(remember freaking ICQ?). From there, despite rapid growth of QQ, Tencent remained unprofitable for the next three years. During the mid 2000s, Tencent started to branch out into other area...
At home in China, Tencent is responsible for some of the biggest social media and messaging apps including QQ, WeChat, and Qzone. Tencent even has its own digital assistant, named Xiaowei, which can answer questions about the weather or traffic just like Alexa or Facebook’s M. Really, the number of Tencent apps and web services in China is seemingl...
Here in the states, you’re more likely to use one of Tencent’s products while playing games. It owns companies like Riot Games (maker of League of Legends), Supercell (maker of Clash of Clans), and has heavy investments into major companies such as Epic Games (maker of Gears of War) and Activision Blizzard (maker of Overwatch and Destiny). More rec...
Tencent has a huge number of users—WeChat hit 938 million monthly users back in May—and the Chinese government has played a huge role in Tencent’s growth. Not only are companies like Google and Facebook banned, e-commerce was also a big part of the Communist Party’s five-year plan spanning from 2011 to 2015. Combine that with a huge population that...
Over the past year, Tencent has seen its stock price double from 200 to 400 Hong Kong dollars, which now has people projecting that the company could challenge Google, Facebook, and Alibaba for online ad sales, something that currently only generates 17 percent of Tencent’s revenue, as opposed to 97 percent for Facebook. This could be the start of ...
Oct 4, 2018 · Tencent is trying to capture as much data as it can about consumer behavior. In the past 10 years, the Chinese tech firm has plowed billions of dollars into more than 300 companies — from ...
Tencent, a tech conglomerate headquartered in Shenzhen, China, has emerged as a global powerhouse, leaving an indelible mark on the digital realm. Founded in 1998 by Ma Huateng, also known as Pony Ma, Tencent has evolved into one of the world's largest and most influential technology companies.
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Jun 21, 2018 · Tencent began life in 1998, and its first product, a messaging service for personal computers called QQ, was a copy of ICQ, the Israeli messaging service that also was the basis for AOL’s ...
