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Tencent Holdings Limited, also known as Tencent, is a Chinese multinational conglomerate that specializes in various internet-related services and products such as social networking, gaming, e-commerce, online payment systems, and advertising services. Tencent was founded in the year 1998, and since then, it has grown to become one of the largest technology companies in the world.

History of Tencent Holdings

The company was founded by Ma Huateng, also known as Pony Ma, and his four friends. In 1998, they started the company with a capital of HKD 2.5 million. The company started by developing an instant messaging service called QQ, which became very popular in China and internationally. Tencent continued to expand its services by introducing video games, mobile games, payment systems, social networking services, music streaming services, and much more.

Business Model of Tencent Holdings

Tencent’s business model is based on a combination of online advertising, value-added services, and online gaming. The company generates revenue through its various online platforms, which include:

• WeChat – a mobile messaging app with over 1 billion active users worldwide.
• QQ – an instant messaging app with over 820 million active users.
• Honor of Kings – a mobile game with over 100 million daily active users.
• Tencent Video – a video streaming service with over 100 million daily active users.
• Tencent Music – a music streaming service with over 600 million active users.

Tencent Holdings in the Global Market

Tencent is one of the largest companies in the global market, with a market value of approximately USD 840 billion. The company has a significant presence in the Chinese market, but it has also expanded its operations globally. Tencent has invested in various international companies such as Tesla, Epic Games, and Snapchat. The company is also expanding its operations in Southeast Asia and has made investments in various companies in the region.

Corporate Social Responsibility

Tencent has been actively involved in various corporate social responsibility initiatives. The company has partnered with several non-governmental organizations to provide disaster relief, education, and environmental protection services. Tencent has also launched various initiatives to promote online safety and combat fake news. In 2020, the company donated over RMB 1.5 billion to support COVID-19 pandemic relief efforts in China.

Tencent Holdings is a dominant player in the global technology market. The company has expanded its operations globally and has invested in various international companies. Tencent’s business model is based on online advertising, value-added services, and online gaming. The company continues to grow and has been actively involved in various corporate social responsibility initiatives.