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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 Score3.7
Sector
Technology
Industry
Internet Software and Services
CEO
Pony Ma
Websitehttp://www.tencent.com
Employees48,684
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