Tencent Holdings overview

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.

Tencent’s major competitors include Baidu, Alibaba, and Netease.

In 2018 the company surpassed a market value of US$500bn. Its revenue in 2018 was CN¥312.69bn.

In 2019 Tencent revealed it was to open a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission approved a license.

The company saw significant growth in 2019 (FY'19 hit $54bn - up 21%), meaning that it overtook companies such as Cisco and Lenovo in terms of revenue. It saw $16.4bn in operating profit.

In October 2020, Tencent launched AIMIS Medical Image Cloud, and the AIMIS Open Lab, designed to leverage cloud-stored medical data to help tech companies develop innovative new products.

Later that same month, Tencent reportedly applied for a reinsurance license in China. The company already has partnerships with Swiss Re to research AI within the reinsurance industry, and it launched insurance platform WeSure in 2017, which reported 55m users at the end of 2019.

Map showing the location of Tencent Holdings

Shenzhen, China

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Key people

Lei Bi Senior Security Engineer
Zhang Tong Executive Director of AI Lab
Ke Liu Security Researcher at Xuanwu Lab
Wenxu Wu Security Researcher, Xuanwu Lab
XiLing Gong Senior Security Researcher, Tencent Blade Team
Steven Ma SVP
Julian Ma Corporate Vice President
Wu Xiaoguang Senior Management Adviser
Guo Kaitian Senior Vice President
Piao Yanli Vice President of Tencent Games
Forest Lin General Manager, Tencent Investment
Wenxiang Qian Senior Security Researcher, Tencent Blade Team Qian
Raymond Gong General Manager of Online Games
Vic Lau Group Senior Executive Vice President
Steven Fan Executive Director
Michael K Cheung Senior Director
Daniel Ma HRD
Lau Seng Yee President of Online Media Group, Senior Executive Vice President
Xin Liu Vice-President of Auto Intelligence and Linux Foundation Executive
Jeffrey Li Managing Partner
Shan Liu Distinguished Scientist and VP of Tencent Media Lab
Allen Zhang Senior Vice President
Huiming Liu Security Researcher at XuanWu Lab
Liang Chen Senior Security Researcher at KeenLab
Miao (Mars) Hou Head of Tencent Sports
Sophia Ong GM, Strategic Partnership & Key Account
Xiaolong Guo Senior Security Engineer
Chris Zhou Sr. Product Manager
Chen Ye Xu Chief Information Officer
Davis Lin Corporate Vice President
Tangdao sheng Social Networking, Business Group President, Group Senior Executive Vice President
Jonathan Chan Business Development Manager
Andrea Ghizzoni Director, Europe
Xi dan Senior Vice President
John Lo Chief Financial Officer and Senior Vice President
Zhonghua Chen HR Director
Network Greatly Group Senior Executive Vice President
Liu-Zhi ping President
Mark Ren Chief Operating Officer
HuiYu Wu Security Researcher, Tencent Security Department
Luo Shuo Han Chief Financial Officer, Group Senior Vice President
Bin Ma Security Researcher, Xuanwu Lab
Zhidong Zhang Founder, Chief Technology Officer
Lin Haifeng General Manager, Merger and Acquisitions
Levin Yao Executive Director
Yang Yu Director of Xuanwu Lab
Yu Chen Security Researcher, Xuanwu Lab of Tencent
Stanley Sun General Manager
Hongfeng Sun Human Resource Shared Service Centre Director
Hongwei Chen Executive Director of Investment
Jim Lai General Manager
Ching Law General Manager
phil mu Chief Investment Officer
Pony Ma Founder, CEO & Executive Director
Charles Searle Non-Executive Member of the Board of Directors
Iain Bruce Non-Executive Member of the Board of Directors
Li Dongsheng Non-Executive Member of the Board of Directors
Ian Stone Non-Executive Member of the Board of Directors
Martin Lau President
Poshu Yeung General Manager, International Business
James Mitchell Chief Strategy Officer and Senior Executive Vice President
Dowson Tong President of Social Network Group, Senior Executive Vice President
Koos Bekker Non-Executive Member of the Board of Directors
Chris Huskey Investment and M&A Analyst
Dan Brody VP - Business Development
David Wallerstein Chief eXploration Officer and Senior Executive Vice President
Grace Xia Senior Director
Randy Lee VP of Business Development, Americas
Ben Feder President, International Partnerships (North America)
YuXiang Li Senior engineer
Alan Lau FinTech, Insurance
Ling Ge Chief European Representative
Peter Pi Senior Security Researcher
Tejeshwi Sharma India Investing
Kyler Liu VP of Product, Tencent Healthcare
Yuefeng Du Security Researcher
Wendy Sun Senior Product Director
Tommy Deng Growth Hacker
Chong Sun Senior Director