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April 5, 2017

Tencent - Future Plans. Chen is also a part of the founding team of Wuhan College. In 2004 itself, Tencent was also listed on Hong Kong Stock Exchange. [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. For the the first 3 years, the company was in losses. "semrush" "site audit" or seo -resume -job, Advertising, Gaming, Social Media Marketing, Ma Huateng, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing. Named as one of the world's most influential and powerful person, and as a top businessman by many organizations, Tencent founder and CEO Ma Huateng, has also been declared as China's richest man (as of June 2020) by Forbes. He reportedly earned $176 per month. As reported, till January 2020, Tencent Holdings Limited invested in over 800 firms across the world, of which, 70 are listed companies and 160 are Unicorns. [3][4][5] The company develops China's biggest mobile instant messaging service, WeChat, and its subsidiaries provide media, entertainment, payment systems, smartphones, internet-related services, value-added services and online advertising services, both in China and globally. Tencent (Thailand) Company Limited develops technologies that span the internet landscape.

In 2007, Tencent Research Institute ( China's first research center on core Internet technologies) was started. [8][9] In 2018, he was named one of the "Most Powerful People In The World" by the CEOWORLD magazine. He is the founder, chairman and chief executive officer of Tencent, Asia's most valuable company, one of the largest Internet and technology companies, and the biggest investment, gaming and entertainment conglomerates in the world. The company has also started its operations in an insurance stream known as WeSure Internet Insurance Limited.

[36] However Forbes has not decreased his net worth as the shares are still listed under his name. Zeng Liqing, worked as the Chief Operating Officer of Tencent since 1999 to 2007. "We knew our product had a future, but at that time we just couldn't afford it," Ma remembered. Xu Chenye is the Chief information officer at Tencent. [5], Speaking of censorship at a tech conference in Singapore, Ma was quoted as saying "In terms of information security management, online companies from any country must abide by a defined set of criteria, and act responsibly. The company operates with Ma Huateng as the CEO and has more than 10000 employees. Ma has been closely compared to American investor Warren Buffett for their similar investment philosophies, and often described as an "aggressive acquisitor". Before joining Tencent, Chenye worked with Shenzhen Data Telecommunications Bureau, where he took care of software system design, network administration and also marketing and sales management. Connect with us to share your opinions and learnings with fellow [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. While the Govt of India is banning China made apps, and products, and we the people of India have started to apply the philosophy of 'Chini Kam' (i.e the philosophy of less to no Chinese goods) in our lives,  more we have started to realize that there are indeed many Indian companies that have received investments from Chinese companies. Also Read: List of Indian Companies backed by Chinese investors. Tencent, which started off  in 1998 and launched its first product (a PC based instant messaging service) in 1999, has today grown into a much well known and profit making conglomerate.

[29], At Ma's behest, Tencent launched in 2005 the C2C platform (拍拍网), a direct competitor to e-commerce giant Alibaba. Paul Fang, CEO of electric appliance maker Midea, comes in at number eight.

Majority of Tencent's revenue comes from in app purchases, from subscription fees on its platform like Tencent Video. [5], Being one of "Fortune world's greatest leaders",[11] Ma is known for his low profile personality as compared to fellow Chinese businessman and Alibaba founder Jack Ma's outgoing personality. Tencent - Growth & Revenue He reportedly owns property in Hong Kong and art pieces worth US$150 million. When his father, Ma Chenshu (马陈术), got a job as a port manager in Shenzhen, the young Ma accompanied him. In 2001, 'Naspers', a South African Media company purchased 41.6% shares in Tencent.

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. In 2000, Ma turned to US investment firm IDC and Hong Kong's telecom carrier Pacific Century CyberWorks (PCCW) who bought 40 percent of Tencent's shares for US$2.2 million. ",, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 September 2020, at 14:21. 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. Chen Yidan served as the Chief Administrative Officer of Tencent till 2013. As per some reports, Tencent derives its name from two Chinese characters 'Teng' and 'Xun' which means something like 'galloping fast information'. 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. Let China's internet giants tell you", "Ma vs. Ma: The most expensive house in Hong Kong belongs to one of China's internet kings - but is it Jack or Pony? The company's first product came after Ma participated in a presentation for ICQ, the world's first Internet instant messaging service, founded in 1996 by an Israeli company. And William Ding, who heads multimedia giant and Tencent’s biggest gaming competitor NetEase, ranks 10th. [37], According to the official Tencent website, Ma is a deputy to the 5th Shenzhen Municipal People's Congress and serves in the 12th National People's Congress. "[34], Ma Huateng's wealth comes from the 9.7 percent stake in Tencent Holdings. research reports and start events. [25], Ma's first job was with China Motion Telecom Development, a supplier of telecommunications services and products, where he was in charge of developing software for pagers. Tencent - Competitors [27], Along with four other classmates, Ma Huateng went on to co-found Tencent in 1998. Tencent - Funding & Investors Tencent has acquired 16 companies till date. Apart from this, the company is working towards improvising its every possible sector, especially in gaming and e-commerce. It started by creating its own information ecosystem and moved on to providing news and entertainment content, facilitated the building and connecting of innovative e-commerce technologies, created strategic partnerships and assisted with business expansions. Also Read: Chinese Funded Startups in India might find it difficult for capital investments. Also a graduate in computer science, Zhang's net-worth is $12.6 billion as of June 2019, as reported by Forbes. Tencent lost the case and had to relinquish the domain names. He started his own entrepreneurial venture, 'Tencent' in 1998. A recent report lists 92 major Indian startups that has received funding from Chinese companies. Started in 1998, Tencent launched its first product QQ (a PC based instant messaging service) in 1999. Tencent - Founders & Team The company ventured into online gaming since 2004. Named as one of the world's most influential and powerful person, and as a top businessman by many organizations, Tencent founder and CEO Ma Huateng, has also been declared as China's richest man (as of June 2020) by Forbes. [39] He believes in the maxim: "Ideas are not important in China – execution is. 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",, 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.

Tencent Holdings Limited is a Chinese Multinational Conglomerate which almost has acquisitions in every corner of the business world. Gradually the company acquired stakes in various businesses to accelerate its growth and also entered diverse industries from music to e-commerce and many others to reach its current position.

TechNode", Tencent to Build 3000-person Search Army to Power Search Engine, " 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 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".

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