TOPIC

/ company

Tencent

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.

Chairman / President

Ma Huateng

CEO / Managing Director

Ma Huateng

CFO / Finance Director

John Lo

Industry

Internet

Website

tencent.com

Headquarters address

Tencent Holdings Limited,Tencent Building,30th Floor, Kejizhongyi Avenue,Nanshan, Shenzhen,Guangdong, China

Stock Code

SEHK:700

Year founded

1998

last updated:

30 September, 2024

Police mounted a three-week operation, with those arrested aged from 17 years to 72. Photo: Shutterstock

Crime in Hong Kong

154 arrested in Hong Kong as police crack down on internet, phone scammers

The 214 victims, aged between 17 and 78, suffered losses of HK$289 million, police say.

21 Dec 2024 - 4:30PM

Artificial intelligence

The ‘AI Olympics’ gets new hurdles in Canada as US-China tech war plays out

21 Dec 2024 - 12:00PMvideocam

Artificial intelligence

China faces AI talent shortage in otherwise booming industry, report finds

21 Dec 2024 - 9:00AMvideocam

Smartphones

Tencent and smartphone maker Honor team up on AI while Apple lags behind

Tencent is providing cloud computing resources to strengthen Honor’s AI offerings while Apple Intelligence is still absent in China.

20 Dec 2024 - 8:54PM

An Honor retail store seen in Shanghai on July 31, 2022. Photo: Shutterstock

WeChat

China’s super app WeChat flexes e-commerce muscles with gift feature

The new function could be Tencent’s next big hit after electronic red packets, says one merchant.

20 Dec 2024 - 7:00PM

Artificial intelligence

ByteDance intensifies China AI rivalry with 85% price cut for visual model

ByteDance’s ultra-low pricing underscores growing rivalry in the Chinese market, where Big Tech firms and start-ups have locked horns in a brutal price war.

20 Dec 2024 - 8:30AM

Apple

Apple in talks with Tencent, ByteDance to launch AI in China, report says

The iPhone maker is reportedly in early talks with the tech giants to launch Apple Intelligence on the mainland after talks stalled with Baidu.

19 Dec 2024 - 8:00PM

Apple has faced challenges in launching Apple Intelligence on its iPhones in mainland China owing to the country’s strict regulation of the technology. Photo: AP

Video gaming

Tencent gives up Epic Games board seats after US antitrust scrutiny

China’s most valuable company owns Riot Games, a rival to Epic, in which it also has a minority stake, and its board seats in both possibly violated US law.

19 Dec 2024 - 3:13PM

Artificial intelligence

Chinese start-up Zhipu AI adds US$412 million to war chest in crowded market

Zhipu said it doubled its revenue year on year in the 11 months to November, without providing an exact figure.

17 Dec 2024 - 7:00PM

Technology

Opinion | From TikTok to Apple, companies must tread carefully amid digital nationalism

Restrictive policies could hinder innovation, limit consumer choice and fragment the global digital economy.

17 Dec 2024 - 6:38PMvideocam

Participants hold signs in support of TikTok outside the US Capitol building on March 13 in Washington. Photo: Getty Images/TNS

WeChat

WeChat targets AI deepfake celebrity scams in latest crackdown

WeChat said it deleted 532 examples of AI-generated deepfake content and shut 209 accounts that used the technology in marketing videos.

16 Dec 2024 - 5:30PM

Artificial intelligence

Baidu, Alibaba, Tencent executives serve on new Chinese AI standards committee

The committee marks a major milestone after MIIT and other government agencies announced plans for 50 sets of AI standards by 2026.

14 Dec 2024 - 7:13AM

Video gaming

Black Myth: Wukong inspires Chinese video game studios to go overseas

One example of ‘cultural confidence’ is that the game has inspired the use of more Chinese pinyin instead of English.

12 Dec 2024 - 9:04PM

Artificial intelligence

China’s generative AI market sees fewer new entrants with 64 new approvals

The November AI model approvals is the smallest of the three batches released this year, as the market grows more saturated.

12 Dec 2024 - 6:00PM

The pace of new generative AI model approvals from Beijing has been slowing, suggesting the market is becoming saturated. Photo: Shutterstock

Ma Huateng

Tencent’s low-profile CEO praises China’s economic policy, stimulus

The entrepreneur wrote in People’s Daily that the government has shown ‘strong determination’ in pushing for economic recovery.

12 Dec 2024 - 5:00PM

Tencent CEO Pony Ma speaks at the opening ceremony of the fifth World Internet Conference in Wuzhen, Zhejiang province, on November 7, 2018. Photo: Reuters

Video gaming

China’s esports industry returns to growth in 2024 as Tencent, NetEase expand overseas

The growth is testament to how China’s esports industry has become a booming business, with local clubs making an impact on the global arena.

11 Dec 2024 - 8:59PM

Alibaba

Alibaba entertainment group head regrets belittling video-gaming unit, Cantonese

Alibaba’s Fan Luyuan admitted he was ‘out of line’ with controversial remarks that he said during a meeting with employees of Lingxi Games.

9 Dec 2024 - 10:44PM

Artificial intelligence

China’s ByteDance, Alibaba, Tencent seek fresh talent at ‘Olympics of AI’

Some of the world’s brightest minds in AI are expected to attend this year’s Annual Conference on Neural Information Processing Systems.

6 Dec 2024 - 7:00AM

ByteDance, Alibaba and Tencent aim to recruit some of the brightest minds in AI at this year’s NeurIPS. Photo: Shutterstock

Artificial intelligence

Tencent launches its answer to OpenAI’s Sora text-to-video tool

HunyuanVideo is available for free to enterprise and individual users.

4 Dec 2024 - 12:03PM

IPO

Exclusive | Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Healthcare platform plans to submit IPO application by end-December and complete fundraising of as much as US$500 million by June.

2 Dec 2024 - 2:54PM

Video gaming

NetEase cuts jobs in Shenzhen as first-person shooting game ‘underperforms’

The lay-offs at NetEase’s offices in the southern tech hub are said to affect employees involved in mobile game Hyper Front.

29 Nov 2024 - 9:00PM

Video gaming

Chinese Nintendo Switch users in limbo as Tencent ends console’s online support

Online game sales for the Chinese Nintendo Switch will cease on March 31, 2026, while other related services will end weeks later on May 15.

27 Nov 2024 - 7:00PM

Chinese Nintendo Switch console users find themselves in limbo after the announcement that online sales and services for the device will cease from 2026. Photo: EPA-EFE

SCMP Highlights

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? Find out in some of our latest stories.

22 Nov 2024 - 5:48PM

Apple

Apple reveals App Store revenue share in China as Huawei rivalry grows

The US giant says most of its App Store revenues in China are paid to developers and companies.

20 Nov 2024 - 8:44PM

China economy

Tencent’s 3,000 new jobs signal new growth in Chinese Big Tech

The Shenzhen-based tech giant has grown to more than 108,800 employees, as nearly two years of downsizing comes to an end.

14 Nov 2024 - 10:21PM

A staff member introduces WeChat services during a government-organised media tour to Tencent headquarters in Shenzhen on September 27, 2020. Photo: Reuters

SCMP Highlights

Recap | ByteDance AI becomes China’s No 1, AMD cuts jobs in Nvidia battle and more tech stories

In our latest future tech news, ByteDance’s Doubao is beating competitors in China, AMD moves to focus on AI chip market and OpenAI urges US collaboration against China.

14 Nov 2024 - 1:05PM

Doubao, a ChatGPT-like conversational bot developed by TikTok owner ByteDance, has emerged as the most popular AI app for Chinese consumers. Photo: Reuters

Shenzhen

Shenzhen’s soaring R&D spending rivals Beijing, dwarfs Hong Kong

The southern city put nearly US$31 billion into R&D last year, driven partly by robust spending from tech giants like Huawei.

13 Nov 2024 - 10:43PM

Video gaming

Tencent beats estimates with 47% profit jump, driven by video gaming

Video gaming sales, traditionally Tencent’s strongest revenue driver, grew 14% in the domestic market.

13 Nov 2024 - 9:51PM

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