Tencent Holdings
RANK
45
Tencent has a dominant share in China’s gaming market—which surged during COVID-19 lockdowns in China—and owns super-app WeChat, which has 1.2 billion users. Together, Tencent’s operations constitute the largest online community in China. Growth in gaming helped boost Tencent’s sales 29% in the third quarter. But its stock fell from recent highs in early November after Beijing proposed new rules to prevent antitrust behavior by China’s tech giants.
Yomiuri Shimbun—Reuters
Company Information
As of 8/3/2022
Country
China
Headquarters
Shenzhen, China
Industry
Internet Services and Retailing
CEO
Pony Ma
Website
Company Type
Public
Ticker
TCEHY
Revenues ($M)
$86,835.6
Profits ($M)
$34,854.4
Market Value ($M)
$408,693
Employees
112,771
Figures prepared in accordance with International Accounting Standards. Company is incorporated in the Cayman Islands. Executive offices are in China. Market value as of July 19, 2022.
Future 50As of 12/3/20
Overall Score
14
Sector
Communication Services
Historical Data
| Year | Revenues ($M) | Profits ($M) |
|---|---|---|
| 2019 | $49,785 | $13,027 |
| 2018 | $42,888 | $12,300 |
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