Headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with interests in media, entertainment, web and mobile communications, advertising, e-commerce

and internet banking.

Nobody really knows who owns data in China
Data is the new oil, or at least that is what technologists will have you believe. And much like battles over natural resources, there is a virulent debate about who owns the information.  Two of China’s largest tech companies – TikTok owner ByteDance and Tencent –  are locked in a legal fight about who owns the data created by their users. On Monday, the case was accepted by a court in Beijing, a move that experts said could become a “landmark” case as authorities ramp up antitrust efforts. Bytedance is accusing Tencent of blocking links to Douyin, its Chinese-version of TikTok, on WeChat and QQ, saying they are owners of the data their users create.  Tencent has vowed to countersue, accus
‘Harry Potter’ and ‘Game of Thrones’ become targets for Chinese gaming
Chinese gaming companies such as Tencent Holdings and NetEase are snapping up fictional worlds like Lord of the Rings, Game of Thrones and Harry Potter in their quest for domination of the global mobile gaming market. By investing heavily in foreign movie studios that create the globally popular fantasy worlds for viewers, Chinese gaming giants are increasing their share of a video games market that’s worth US$175 billion globally, according to industry research firm Newzoo. “While Japan and the US had long dominated the gaming sector since the early arcade and console days during the 1970s, Chinese companies are currently leading the way in 2020 via the mobile wave,” said Owen Soh, founder
Chinese tech giants were winners during the pandemic
The global coronavirus pandemic may have been a disaster for the global economy, but it was a boon for China’s largest technology companies.  Tencent Holdings, the Chinese gaming giant and owner of WeChat, is flirting with a market value of US$1 trillion and has made its founder, Pony Ma Huateng, the second richest man in China.  The brand value of Alibaba, Tencent’s rival company, jumped by 108% to US$39.2 billion as the world’s second-fastest-growing brand, behind only Tesla’s 158% increase, according to a 2021 report by Brand Finance, a British consultant. “Alibaba.com has benefited from the unprecedented surge in demand, as consumers turned to online shopping during the pandemic,” Brand
How the coolest music company in China died
One of the coolest music start-ups in China, Xiami Music, simply couldn’t cut it and will close next month after management admitted it missed “crucial opportunities” in the battle with rival Tencent Music. Owned by Alibaba (which owns Inkstone), Xiami has become a cautionary tale of how a company can be beloved by the fans, but won’t be able to survive if it can’t attract the mass market.  It also marks an end of an era, harkening back to a time when the Chinese internet was less concerned about making money and more focused on building businesses with innovative ideas. Just a few years ago, Xiami was one of the top streaming platforms in China, but, in the time since, Tencent has grown to
Chinese tech boss won’t hand out cash gifts amid coronavirus concerns
Many Chinese workers can expect their bosses handing them a red packet stuffed with cash during the Lunar New Year celebrations. But this year, employees at Tencent, one of China’s biggest tech companies, won’t be getting the packets directly from company founder Pony Ma. It will be the first time in nearly two decades that this has happened at the company, as China deals with the spread of a deadly coronavirus. The virus has killed nine people in the central Chinese city where it originated and infected 440 others across the country. Tencent, based in the southern Chinese megacity of Shenzhen, has canceled the handout of these red packets, also known as hongbao or laisee, on the first worki
China’s tech giants pledge allegiance ahead of national day
A week before China’s national day celebration on October 1, tech giant Tencent is promoting a red Chinese flag filter to users of its all-in-one app WeChat. On Monday, Chinese netizens began adding a small national flag to the right corner of their profile picture on Wechat.  The online campaign was an instant hit on the super app. The service crashed at one point due to an avalanche of users, Tencent told the National Business Daily. On another social media site, the Twitter-like Weibo, the Communist Youth League of China, the youth wing of the Communist Party, launched a campaign asking users to share a photo of themselves with the national flag.  It asked users to spell out their love t
Is 12 hours of waiting worth $30 from the boss?
The people in this photo aren’t lining up to buy new iPhones or cronuts. They’re employees of Tencent Holdings, waiting outside the tech giant’s headquarters in Shenzhen to receive cash-filled red envelopes from company chairman Pony Ma and other senior management. A long line started forming from Tuesday morning for a chance to get a second of face time with Ma, China’s third-richest man. It is customary in many parts of China for companies or bosses to give their employees red packets to start the new work year, as a form of good wishes. (Although the Chinese economy’s slowdown is poised to hit its tech sector hard.) The most diehard employees were in place since before 8pm on Monday, me
Spotify with karaoke: what to know about China’s big music IPO
Get ready to face the music. China’s largest music-streaming company Tencent Music filed on Tuesday to go public in the US. The company, which is both part of social media giant Tencent and also backed by industry leader Spotify, is expected to become another mega listing by a Chinese company in the US.  While Spotify is struggling to turn a profit, Tencent Music has been making money for two years. Here are four things you need to know about it. 1) It owns the most popular music apps in China. Tencent Music was formed in mid-2016 as a spin-off from Tencent, which acquired a number of large music services to merge with its own music business. Across its platforms, it had more than 800 milli
Gaming will make you lose your sight (or $20 billion)
You'll go blind if you keep playing video games, you know. That's not your mom: that's the Chinese government talking. In a notice released on Thursday, China's Ministry of Education directed the country's media regulator to cut down on the number of new online video games and to work on restrictions on the amount of time young people can spend gaming. The reason? China's rising levels of nearsightedness, apparently. The directive formed part of a Ministry of Education document which outlines ways to combat the problem, which is blamed in part on increasing use of cell phones and electronic devices. The measures may be aimed at improving the welfare of Chinese citizens, but they had one imm
The story of China’s everything app
WeChat isn’t just the Chinese version of WhatsApp. It’s so much more: an app that allows you to do everything from play games, to read the news, pay for meals… even make an appointment to file for divorce. With more than one billion monthly active user accounts, it’s not an overstatement to say that WeChat is an indispensable part of everyday life in China. But in the last few months investors have been questioning whether Tencent, the behemoth owner of the ubiquitous app, has lost its mojo – worries borne out by the company's recent lackluster earnings, announced yesterday. Here’s how WeChat went from simple messenger to China’s most popular mobile app. Humble start WeChat, or Weixin as it’