TOPIC

/ company

Tencent

Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce and internet banking.

Chairman / President

Ma Huateng

CEO / Managing Director

Ma Huateng

CFO / Finance Director

John Lo

Industry

Internet

Website

tencent.com

Headquarters address

Tencent Holdings Limited,Tencent Building,30th Floor, Kejizhongyi Avenue,Nanshan, Shenzhen,Guangdong, China

Stock Code

SEHK:700

Year founded

1998

last updated:

30 September, 2024

Visitors play the video game Black Myth: Wukong at the Light of Internet Expo in Wuzhen, east China’s Zhejiang Province, Nov. 19, 2024. Photo: Xinhua

Video gaming

Black Myth: Wukong inspires Chinese video game studios to go overseas

One example of ‘cultural confidence’ is that the game has inspired the use of more Chinese pinyin instead of English.

2 hours ago

Artificial intelligence

China’s generative AI market sees fewer new entrants with 64 new approvals

5 hours ago

Ma Huateng

Tencent’s low-profile CEO praises China’s economic policy, stimulus

6 hours ago

Video gaming

China’s esports industry returns to growth in 2024 as Tencent, NetEase expand overseas

The growth is testament to how China’s esports industry has become a booming business, with local clubs making an impact on the global arena.

11 Dec 2024 - 8:59PM

An exhibition match between a South Korean esports team and Hong Kong at AsiaWorld-Expo, Hong Kong, September 22, 2024. Photo: Connor Mycroft

Alibaba

Alibaba entertainment group head regrets belittling video-gaming unit, Cantonese

Alibaba’s Fan Luyuan admitted he was ‘out of line’ with controversial remarks that he said during a meeting with employees of Lingxi Games.

9 Dec 2024 - 10:44PM

Artificial intelligence

China’s ByteDance, Alibaba, Tencent seek fresh talent at ‘Olympics of AI’

Some of the world’s brightest minds in AI are expected to attend this year’s Annual Conference on Neural Information Processing Systems.

6 Dec 2024 - 7:00AM

Artificial intelligence

Tencent launches its answer to OpenAI’s Sora text-to-video tool

HunyuanVideo is available for free to enterprise and individual users.

4 Dec 2024 - 12:03PM

Tencent has launched HunyuanVideo, a text-to-video generation tool. Photo: Screenshot

IPO

Exclusive | Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Healthcare platform plans to submit IPO application by end-December and complete fundraising of as much as US$500 million by June.

2 Dec 2024 - 2:54PM

Video gaming

NetEase cuts jobs in Shenzhen as first-person shooting game ‘underperforms’

The lay-offs at NetEase’s offices in the southern tech hub are said to affect employees involved in mobile game Hyper Front.

29 Nov 2024 - 9:00PM

Video gaming

Chinese Nintendo Switch users in limbo as Tencent ends console’s online support

Online game sales for the Chinese Nintendo Switch will cease on March 31, 2026, while other related services will end weeks later on May 15.

27 Nov 2024 - 7:00PM

Chinese Nintendo Switch console users find themselves in limbo after the announcement that online sales and services for the device will cease from 2026. Photo: EPA-EFE

SCMP Highlights

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? Find out in some of our latest stories.

22 Nov 2024 - 5:48PM

Xiaomi’s revenue was driven by a burgeoning electric vehicle business and global smartphone rebound. Photo: Reuters

Apple

Apple reveals App Store revenue share in China as Huawei rivalry grows

The US giant says most of its App Store revenues in China are paid to developers and companies.

20 Nov 2024 - 8:44PM

China economy

Tencent’s 3,000 new jobs signal new growth in Chinese Big Tech

The Shenzhen-based tech giant has grown to more than 108,800 employees, as nearly two years of downsizing comes to an end.

14 Nov 2024 - 10:21PM

SCMP Highlights

Recap | ByteDance AI becomes China’s No 1, AMD cuts jobs in Nvidia battle and more tech stories

In our latest future tech news, ByteDance’s Doubao is beating competitors in China, AMD moves to focus on AI chip market and OpenAI urges US collaboration against China.

14 Nov 2024 - 1:05PM

Doubao, a ChatGPT-like conversational bot developed by TikTok owner ByteDance, has emerged as the most popular AI app for Chinese consumers. Photo: Reuters

Shenzhen

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

13 Nov 2024 - 10:43PM

Shenzhen is China’s second-largest R&D hub by expenditure. Photo: Costfoto/NurPhoto via Getty Images

Video gaming

Tencent beats estimates with 47% profit jump, driven by video gaming

Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.

13 Nov 2024 - 9:51PM

Semiconductors

China’s chip start-up taking on Nvidia kicks off pre-IPO process

Moore Threads has hired Citic Securities to start the ‘tutoring’ process as it seeks to capitalise on enthusiasm in China’s semiconductor industry.

13 Nov 2024 - 5:00PM

Semiconductors

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

11 Nov 2024 - 5:00PM

Moore Threads is one of China’s top GPU designers. Photo: Handout

Alibaba

Alibaba gives sellers a sweeter deal as Singles’ Day switch-up bears fruit

China’s largest e-commerce firm was slipping in the war for consumers’ wallets. Then it reshaped its relationship with merchants.

9 Nov 2024 - 2:17PM

Semiconductors

Chinese AI chip start-up Biren teams with compute start-up for performance gains

US-blacklisted chipmaker Biren says team-up with Tencent-backed Infinigence AI led to a 100 per cent improvement in GPU training capacity.

6 Nov 2024 - 8:00PMvideocam

Artificial intelligence

Chinese unicorn Zhipu AI raises US$210 million to invest in start-ups

The Z Fund says it aims to take advantage of its parent’s leading position in China’s AI sector to discover promising early-stage start-ups.

6 Nov 2024 - 6:00PM

The Zhipu AI booth at an industry conference in Shanghai. Photo: Handout

Artificial intelligence

Chinese AI unicorn Zhipu adds Beijing, Shenzhen government funds as shareholders

The latest funding reflects how Chinese AI-related enterprises continue to attract new investment, despite US tech restrictions.

4 Nov 2024 - 9:00PM

Major investors in Zhipu AI include Alibaba Group Holding, Tencent Holdings, Meituan, GL Ventures and Legend Capital. Photo: Handout

Artificial intelligence

Tencent renews partnership with Bosch for deeper smart car collaboration

Tencent signed new MOUs with the German automotive supplier, as the Chinese tech giant seeks to expand the use of its AI services in EVs.

4 Nov 2024 - 7:00PM

China technology

Chinese data centre firm GDS raises US$1 billion for overseas expansion

That funding will help capitalise the development of up to 1 gigawatt of total data centre capacity outside China, according to GDS.

30 Oct 2024 - 5:00PM

Artificial intelligence

China’s Zhipu AI says its app can operate your smartphone for you

AutoGLM can order coffee, send messages and complete other tasks on smartphones based on voice prompts, according to the Chinese start-up.

30 Oct 2024 - 9:00AM

People look at their smartphones outside a restaurant in Shanghai. Photo: AFP

Ant Group

Ant CEO Eric Jing touts tokenisation benefits for cross-border transactions

Tokenisation is a major focus of FinTech Week this year, in addition to AI, as Web3 in Hong Kong looks beyond ‘speculative’ cryptocurrencies.

28 Oct 2024 - 8:18PM

Fintech

Hong Kong unveils rules for ‘responsible’ AI use at FinTech Week

Any institution that wants to use AI ‘must formulate a governance strategy to provide direction on how [the] systems should be implemented,’ the government says.

29 Oct 2024 - 10:06AM

Video gaming

China approves 128 titles in October, with Tencent the big winner

Goddess of Victory: Nikke and Supercell’s Squad Busters, both distributed in China by Tencent, were approved by the gaming regulator.

25 Oct 2024 - 10:13PM

Help preserve 120 years of quality journalism.

SUPPORT NOW