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Tencent

Tencent

  • Online Music Subscriptions56 MQ4, 2020
  • Revenue¥482.1 BFY, 2020
  • Market Capitalization$2.9 T2022-08-02

Tencent Summary

Overview

Tencent (腾讯) is an investment holding conglomerate whose subsidiaries specialize in various Internet-related services and products, entertainment, artificial intelligence, and technology. Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, multiplayer online games. Tencent offers Weixin and QQ, communications and social platforms for instant messaging.

TypePublic
Founded1998
HQShenzhen, CNMap
Websitetencent.com
Employee Ratings
4.2
Overall CultureA+More

Locations

Tencent is headquartered in
Shenzhen, China

Location Map

Latest Updates

Company Growth (employees)

Employees (est.) (Sept 2021)107,348(+14%)
Job Openings1,808
Website Visits (Jun 2022)43 m(-7%)
Revenue (FY, 2020)¥482.1 B(+28%)
Share Price (Aug 2022)$295(-2%)
Cybersecurity ratingFMore
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Key People/Management at Tencent

Tencent Office Locations

Tencent has offices in Shenzhen, Palo Alto, Hong Kong, Minato City and in 6 other locations

Tencent Financials and Metrics

Tencent Revenue

Tencent's revenue was reported to be ¥482.06 b in FY, 2020 which is a 27.8% increase from the previous period.

CNY

Revenue (Q3, 2021)¥142.37 b
Gross profit (Q3, 2021)¥62.75 b
Gross profit margin (Q3, 2021), %44.1%
Net income (Q3, 2021)¥40.08 b
EBIT (Q3, 2021) ¥53.14 b
Market capitalization (02-Aug-2022)$2.92 t
Closing stock price(02-Aug-2022)$295
Cash (30-Sept-2021)¥170.87 b
EV $3.08 t

Tencent's current market capitalization is $2.9 t.

CNYFY, 2018FY, 2019FY, 2020
Revenue312.7 b377.3 b482.1 b
Revenue growth, %32%21%28%
Cost of goods sold170.6 b209.8 b260.5 b
Gross profit142.1 b167.5 b221.5 b
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021
Revenue85.5 b88.8 b97.2 b108.1 b114.9 b125.4 b135.3 b138.3 b142.4 b
Cost of goods sold45.6 b49.7 b54.8 b55.3 b61.7 b68.8 b72.7 b75.5 b79.6 b
Gross profit39.8 b39.1 b42.5 b52.8 b53.2 b56.6 b62.6 b62.7 b62.7 b
Gross profit Margin, %47%44%44%49%46%45%46%45%44%
show all

CNYFY, 2018FY, 2019FY, 2020
Cash97.8 b133 b152.8 b
Accounts Receivable28.4 b35.8 b45 b
Prepaid Expenses7.5 b8.4 b10.2 b
Inventories324 m718 m814 m
show all

CNYFY, 2018FY, 2019FY, 2020
Net Income80 b95.9 b160.1 b
Depreciation and Amortization34.2 b44.7 b50.8 b
Accounts Receivable(10.3 b)(6 b)(7.5 b)
Inventories(29 m)(394 m)(95 m)
CNYQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021
Cash From Operating Activities28.8 b53.8 b98 b54.7 b98.7 b145.3 b51 b83 b123.9 b
Cash From Investing Activities(21.4 b)(36.3 b)(56.4 b)(52.3 b)(92.9 b)(140.5 b)(55 b)(101.9 b)(144.1 b)
Cash From Financing Activities5.6 b7.3 b4.2 b(761 m)34.5 b17.6 b(487 m)9.6 b39.7 b
Net Change in Cash13 b24.8 b45.8 b1.6 b40.3 b22.3 b(4.5 b)9.4 b19.6 b
show all

CNY
Q3, 2021
EV/EBIT86.3 x
EV/CFO37.0 x
Revenue/Employee1.3 m
Debt/Equity0.4 x
Debt/Assets0.2 x
Financial Leverage1.7 x
P/E Ratio113.3 x
  • Tencent Market Cap History

  • Tencent Stock Price

Revenue Breakdown

Tencent revenue breakdown by business segment: 54.8% from Value-Added Services, 17.1% from Online Advertising, 26.6% from FinTech and Business Services and 1.6% from Other

Tencent revenue breakdown by geographic segment: 93.0% from Mainland China and 7.0% from Others

Tencent Operating Metrics

Tencent's Fee-based Value Added Services Registered Subscriptions was reported to be 219.5 m in Q4, 2020.

Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019Q1, 2020Q2, 2020Q3, 2020Q4, 2020
Smart Device Monthly Active Users (Qzone)554 m550 m542.7 m531.1 m532.4 m571.9 m553.5 m517 m507 m542.8 m513 m
Fee-based Value Added Services Registered Subscriptions134.6 m147.1 m153.9 m154.1 m160.3 m165.5 m168.9 m170.6 m180.1 m197.4 m203.4 m213.4 m219.5 m
Monthly Active Users (QQ)783.4 m805.5 m803.2 m802.6 m807.1 m823 m807.9 m731 m727 m767.5 m744.4 m
Smart Device Monthly Active Users (QQ)683 m694.1 m708.6 m697.9 m699.8 m700.4 m706.7 m653.4 m647 m693.5 m647.6 m617.4 m594.9 m

Tencent Acquisitions / Subsidiaries

Company NameDateDeal Size
Slamfire, Inc.December 17, 2021
Turtle Rock StudiosDecember 17, 2021
Wake Up Interactive Ltd.November 11, 2021¥5 b
Stunlock StudiosJuly 19, 2021
Yager Development GmbHJune 22, 2021
Klei EntertainmentJanuary 24, 2021
FatsharkJanuary 08, 2021kr2.2 b
Leyou GroupDecember 21, 2020$10.7 b
BitautoNovember 04, 2020$1.15 b
10 Chambers CollectiveOctober 01, 2020

Tencent Hiring Categories

Tencent Median Salaries

Source: 6 public H-1B filings from Tencent

Tencent Cybersecurity Score

Cybersecurity ratingPremium dataset

F

44/100

SecurityScorecard logo

Tencent Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Tencent Website Traffic

Total Visits per monthSimilarWeb

Tencent Online and Social Media Presence

Twitter followers

45 Twitter followers

6 Months

Tencent has 45 Twitter Followers. The number of followers has increased 0.52% quarter over quarter.

Tencent's Trends

Search term - Tencent

Tencent Technology StackBuildWith Logo

  • ads

    8 products used

    • Ads.txt
    • Bizo
    • DemDex
      • DoubleClick.Net
      • Google Floodlight Counter
      • Google Remarketing
      • iPinYou
      • LinkedIn Ads
  • analytics

    25 products used

    • Adobe Analytics
    • Adobe Dynamic Tag Management
    • Adobe Experience Platform Identity Service
      • Adobe Launch
      • Adobe Marketing Cloud
      • Baidu Analytics
      • Everest Technologies
      • Facebook Domain Insights
      • Facebook Pixel
      • Fastly
      • Global Site Tag
      • Google AdWords Conversion
      • Google Analytics
      • Google Analytics 4
      • Google Analytics Enhanced Link Attribution
      • Google Conversion Linker
      • Google Conversion Tracking
      • Google Optimize 360
      • Google Universal Analytics
      • LinkedIn Insights
      • Meiqia
      • Metricool
      • Omniture SiteCatalyst
      • Sensors Data
      • Tencent Analytics
  • CDN

    9 products used

    • AJAX Libraries API
    • Bootcss
    • BootstrapCDN
      • CDN JS
      • Cloudflare JS
      • Content Delivery Network
      • jQuery CDN
      • Microsoft Ajax Content Delivery Network
      • Zencoder CDN
  • cdns

    1 product used

    • Amazon S3 CDN
Learn more on BuiltWith

Tencent Company CultureCultureAndCompensation Logo

  • Overall Culture

    A+

    83/100

  • CEO Rating

    B

    73/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Tencent News and Updates

Aug 05, 2022
Tencent eyes larger stake in Ubisoft
_3xOCqThe Chinese tech giant aims to be the largest shareholder of the video game giant in a bid to alleviate pressure on its local gaming arm, reported Reuters.
Aug 04, 2022
Tims China Announces New Tencent E-sports Shop in Shanghai
_3xOCqOffering immersive coffee + e-sports digital experiences to Gen Z customers Offering immersive coffee + e-sports digital experiences to Gen Z customers
Aug 03, 2022
Alibaba And Tencent Face End Of An Era As Sales Start To Shrink
_3xOCqAlibaba is expected to record its first-ever decline in quarterly revenue. Social media powerhouse Tencent could follow suit.
Aug 02, 2022
Logitech G and Tencent Games are teaming up on handheld cloud gaming
_3xOCqLogitech G and Tencent Games are teaming up to make a new gaming handheld built around cloud gaming, aiming to release by the end of the year.
Jul 28, 2022
Scoop: Ousted Ubisoft developer Ashraf Ismail working for Tencent
_3xOCqAshraf Ismail, former top developer on Assassin’s Creed games for Ubisoft before his dismissal from the company in mid-2020, was hired last year to help lead development on a game at Tencent, Axios has learned.Why it matters: The new role amounts to a second chance for a developer whose fall from Ubisoft amid allegations of abusing his power was part of the MeToo reckoning in the game industry two years ago. Details: Ismail is serving as "a consulting creative director" with Tencent’s TiMi studio group, according to a company rep, after multiple sources told Axios that Ismail was working there. The Chinese gaming giant opened a studio in Montreal in July 2021. It is staffed by several ex-Ubisoft Montreal developers, some of whom worked on previous Assassin's Creed games led by Ismail. One source tells Axios that Ismail had been involved with that studio since it opened. Ismail disappeared from the public eye in the summer of 2020 when Ubisoft fired him after an investigation into misconduct. That followed an allegation in June of that year that he’d abused his power and lied about his marital status in courting female fans and possibly Ubisoft employees. Ubisoft never commented on the investigation's results, nor the reason for his dismissal that August. Before his firing, Ismail announced a leave of absence. He avoided specifics but tweeted “I am deeply sorry to everyone hurt in this.” What they're saying: “During our work with Ash, he has carried himself in a professional manner and has consistently shown an eagerness to learn and grow as both a team member and person," TiMi's company rep told Axios. "We strive to provide a safe, respectful working environment for all and will continue to do so as our team grows and expands.” Ismail did not reply to a request for comment. The big picture: Stories about the downfall of powerful men in the MeToo era often lead to reports of their attempts to return to public life and debates about whether a new chance is deserved (the toll on those who've come forward with their accounts is less frequently covered). Since mid-2020, several powerful developers and executives accused of misconduct have left or been fired by Ubisoft, Activision and other studios. The few that have returned have done so in lower-profile roles. Many have not resurfaced in the industry. Between the lines: As for Tencent, it does very well in mobile gaming and has been trying to expand into console gaming, starting new studios, buying others and hiring lots of experienced developers. For the Montreal team, Tencent management said in July 2021 that it was looking for established industry talent experienced in making massive open-world games. On paper, Ismail would appear qualified, having served as game director or creative director on hit games for Ubisoft, such as Assassin's Creed Black Flag and Assassin's Creed Valhalla, between 2012 and 2020. But Tencent never announced him coming on board. Ismail’s LinkedIn makes no mention of the TiMi work, even as other ex-Ubisoft developers have joined the team and updated their profiles accordingly. Sign up for the Axios Gaming newsletter here.
Jul 22, 2022
Tencent to focus on overseas NFT marketplace after local shutdowns
_3xOCqThe China-based tech giant is set to shut down its domestic marketplace within the week, reported Forkast.

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When was Tencent founded?
Tencent was founded in 1998.
Who are Tencent key executives?
Tencent's key executives are Ma Huateng, Lau Chi Ping and Xu Chenye.
How many employees does Tencent have?
Tencent has 107,348 employees.
What is Tencent revenue?
Latest Tencent annual revenue is ¥482.06 b.
What is Tencent revenue per employee?
Latest Tencent revenue per employee is ¥6.46 m.
Who are Tencent competitors?
Competitors of Tencent include iQIYI, IAC and NetEase.
Where is Tencent headquarters?
Tencent headquarters is located at Tencent Binhai Building, No. 33, Haitian Second Road, Shenzhen.
Where are Tencent offices?
Tencent has offices in Shenzhen, Palo Alto, Hong Kong, Minato City and 6 other locations
How many offices does Tencent have?
Tencent has 11 offices.

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