What is Tencent Games known for?

Tencent Games (Chinese: 腾讯游戏; pinyin: Téngxùn Yóuxì) is the video game publishing division of Tencent Interactive Entertainment, itself a division of Tencent Holdings. It has five internal studio groups, including TiMi Studio Group. Tencent Games was founded in 2003 to focus on online games.

What is Tencent most famous for?

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world. Founded in 1998 with its headquarters in Shenzhen, China, Tencent's guiding principle is to use technology for good.

What games does Tencent do?

Tencent has a very solid foundation for its global games operations, thanks to ownership of Riot Games, Funcom, Sharkmob, the Leyou Technologies group (including Digital Extremes and Splash Damage), and stakes ranging from 4% to 84% in Remedy, Epic Games, Activision Blizzard, Ubisoft, Krafton, Supercell, Frontier ...

What is Tencent biggest game?

In 2022, Honor of Kings was Tencent's most popular gaming app with approximately 1.65 billion U.S. dollars in revenue across the Apple App Store and Google Play worldwide. However, the multiplayer game was not Tencent's most-downloaded mobile gaming title of the year - that title went to PUBG Mobile.

Why is Tencent so big?

The company's deep pockets and vast network of users also made it a powerful global investor. It enabled Tencent to take on a stake in Spotify, Tesla and Snapchat, and also invest in the biggest gaming companies in the world, including the maker of Fortnite.

What is Tencent?

What makes Tencent unique?

Tencent's unique, diversified platforms create an ecosystem that links social media, games, media, and messaging. At a market capitalization of $494 billion, Tencent is the fourth most valuable internet company in the world and on the top ten for most valuable companies overall in the world, as of Dec 2017.

What is the downfall of Tencent?

The decline in valuation has robbed the company of its title of China's biggest company, replaced by liquor giant Kweichow Moutai. Shares of Tencent have tumbled 64% in Hong Kong since a January 2021 peak, wiping $623 bn off its market value by September 2022.

Is TikTok owned by Tencent?

Tencent Holdings, a Chinese multinational conglomerate, is an investor in ByteDance but does not have a majority stake in or control over TikTok.

Who are the competitors of Tencent Games?

Tencent's competitors include Mindbody, Robosoft, Appfire, Metova. Tencent ranks 21st among 5581 active competitors.

Who are Tencent competitors in gaming?

Tencent's competitors and similar companies include Meta, IAC, Sea, iQIYI, NetEase, Meituan and Agora.

Does Tencent own Tesla?

Tencent, known as one of the world's largest gaming and social media firms, invested in Tesla in 2017, taking a 5% stake for around $1.78 billion.

Does Tencent own Ubisoft?

The Chinese conglomerate's investment into Ubisoft included 200 million euros in shares and 100 million euros in capital. For a total of nearly $300 million, Tencent has also secured a 49.9 percent economic stake and 5 percent voting rights in Guillemot Brothers Limited.

Why Tencent is shady?

Privacy advocates have found that Tencent has shared the conversations of users of their applications with the Chinese government. The company has also used artificial intelligence to identify and block user-created images created to get around government censorship by Chinese citizens.

Does Tencent own Epic Games?

In exchange for Tencent's help, Tencent acquired approximately 48.4% of Epic then issued share capital, equating to 40% of total Epic – inclusive of both stock and employee stock options, for $330 million in June 2012.

Which Tencent is most popular?

1. Call of Duty: Warzone.

Why is Tencent the biggest gaming company?

It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games.

Is Tencent the richest game company?

Key Points. Mobile gaming is a fast-growing industry within the electronic games market. An estimated 98 billion dollars was spent on mobile games in 2022. Tencent is the largest mobile gaming company in the world, at 27 billion.

What is the rank of Tencent in the world?

As of March 2023 Tencent has a market cap of $444.93 Billion. This makes Tencent the world's 13th most valuable company by market cap according to our data.

What is TikTok called in China?

In fact, it's never existed there. Instead, there's a different version of TikTok — a sister app called Douyin. Both are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China.

Is TikTok banned in China?

Already, bans on using the app in government have taken effect at the state level. More than half of U.S. states have banned state employees from using TikTok on government-issued devices and a number of U.S. universities have barred it from their WiFi networks. Worth noting: TikTok doesn't operate inside China.

What is owned by Tencent?

Outside of China (which doesn't count Hong Kong, Nepal, or Tawain), Tencent owns 100% of Funcom, LeYou, Riot Games (League of Legends), Sharkmob, Sumo Group, Turtle Rock Studios, Wake Up Interactive, Inflexion, and 1C Entertainment shares. It owns a majority shares of Klei Entertainment (Don't Starve).

Why did China suspend Tencent?

GUANGZHOU -- China's Tencent Holdings and other major gaming vendors in the country are shutting down their games nationwide on Tuesday in an apparent tribute to late President Jiang Zemin, amid Beijing's tightening oversight of the gaming industry.

What is the issue with Tencent?

Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Tencent said second-quarter domestic games revenue fell 1% year-on-year to 31.8 billion yuan, while international games revenue fell the same percentage amount to 10.7 billion yuan.

Who owns the most Tencent stock?