![]() ![]() In the Chinese corporate sector, Tencent is a dominant force because to its enormous market capitalization and diverse portfolio of ventures. The business received a punishment of approximately $77,000 USD in 2021 for antitrust breaches, and it has come under fire for how it manages user data and modifies internet content. With an emphasis on creating cutting-edge new goods and services, Tencent has also been making significant investments in cutting-edge technologies like artificial intelligence (AI) and cloud computing.ĭespite its success, Tencent has encountered certain difficulties lately, such as heightened regulatory scrutiny from the Chinese government. The business bought the Norwegian video game studio Funcom in 2020, and the UK’s top video game developer, Sumo Group, in 2021. The business has also made investments in a variety of other businesses, including as Tesla, Reddit, and Spotify.īy clever acquisitions and investments, Tencent has been growing rapidly in recent years. WeChat, a well-known social media platform in China with over 1 billion monthly active users, and Tencent Games, a major participant in the global gaming market with hit games like Honor of Kings and PUBG Mobile, make up Tencent’s key businesses. Tencent, one of the biggest corporations in the world with a market valuation of more than $900 billion USD as of April 2023, was founded in 1998 and has its headquarters in Shenzhen, China. Chinese global corporation Tencent is active in a number of industries, including artificial intelligence, social media, gaming, and entertainment.
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