Tencent

  • Tencent says sales of Chinese version of Switch exceed 1 million units

    The Chinese version of the Switch was launched in December 2019 and currently ranks first in the Chinese game console market in terms of market share.

  • WeChat reaches 1.225 billion monthly active accounts

    The number of monthly active accounts for WeChat, Tencent's messaging app, reached 1.225 billion as of Dec. 31, 2020, up 5.2 percent year-over-year.

  • Tencent's Q4 revenue up 26% year-on-year to RMB 133.67 billion, in line with expectations

    Chinese tech giant Tencent's fourth-quarter revenue rose 26 percent year-on-year to RMB 133.67 billion ($20.5 billion), in line with market expectations.

  • Tencent's R&D staff now accounts for 68% of its workforce

    The secret to Tencent's success as one of the most profitable Chinese tech giants is a strong investment in R&D human resources.

  • Tencent Cloud unveils new generation of servers with AMD's Milan processors

    Fresh on the heels of AMD's release of its Milan server CPUs, Chinese cloud computing giant Tencent Cloud has unveiled a new generation of servers powered by the latest processors, saying it brings a multi-fold performance boost.

  • Tencent shares plunge over 4% amid reports it has become China's next target for increased regulation

    Shares of Chinese social media and gaming giant Tencent Holdings plunged more than 4 percent in Hong Kong trading, amid reports by Bloomberg that the company has become the next target of China's increased regulation in the fintech sector.

  • Tencent's investments in public companies added $120 billion in value last year

    Tencent's unrealized gains on its minority investments in about 100 public companies last year amounted to $120 billion, enough to make any venture capitalist jealous.

  • Tencent's Pony Ma regains title of China's richest man as his assets retreat the least

    Pony Ma, CEO of Chinese social media and gaming giant Tencent, has regained the title of China's richest man with $62.6 billion, according to the Forbes Real-time Billionaires List.

  • Tencent launches its biggest recruitment ever

    Chinese social media and gaming giant Tencent has launched its largest internship recruitment ever, hiring more than 8,000 college students graduating in 2022.

  • Tencent, NetEase, miHoYo are top-earning Chinese mobile game developers in February

    MiHoYo's revenue grew 10% in February to become No. 4 globally, behind Tencent, NetEase, and Playrix. Its Genshin Impact and Honkai Impact 3rd saw revenue increases of 6% and 69% respectively compared to January.