Tencent’s messaging app, WeChat, recorded 1 billion monthly active users earlier this year—a sign of how indispensable it has become in connecting friends, linking consumers with businesses, and facilitating China’s $12 trillion in annual mobile payments. Still, Tencent’s core revenue stream is gaming, which accounts for up to two-thirds of the company’s income. As Chinese government regulations have restricted that industry, Tencent has begun pivoting: In a recent restructuring, it has shifted its focus toward the industrial Internet.
Company Information
Overall Score | 3.7 |
Sector | Technology |
Industry | Internet Software and Services |
CEO | Pony Ma |
Website | http://www.tencent.com |
Employees | 48,684 |
HQ Location | Shenzhen, China |
Revenues ($M) (Past 12 Months) | $42,888 |
Profits ($M) (Past 12 Months) | $12,300 |
Market Value as of Oct. 10, 2018 ($M) | $345,570 |