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Tencent Holdings

Views of Qinghai Economy As Early Indicators Show China's Economy Weakening Again in August
A quick respond (QR) code for Tencent Holdings Ltd.'s WeChat Pay service is displayed at a mutton stall in a market in Golmud, Qinghai province, China, on Sunday, July 22, 2018. Amid rising fears about a trade war, China's policy makers have unveiled measures to boost infrastructure construction and credit to smaller firms, as well as tax cuts. Photographer: Qilai Shen/Bloomberg via Getty ImagesQilai Shen—Bloomberg/Getty Images

    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 Score37
    SectorTechnology
    IndustryInternet Software and Services
    CEOPony Ma
    Websitewww.tencent.com
    Employees48,684
    HQ LocationShenzhen, 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