Tencent | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights
Tencent is a leading global technology company founded in 1998, focused on enriching the lives of internet users and assisting enterprises...
Tencent is a leading global technology company founded in 1998, focused on enriching the lives of internet users and assisting enterprises in their digital transformation. With a strong presence in online gaming, social networking, e-commerce, and various digital services, Tencent aims to connect people through innovative platforms. Tencent America serves as its U.S. branch, emphasizing video games and entertainment products.
Website
Headquarters
Palo Alto, California
Size
10,001+ employees
Industry
Technology, Information and Internet
Specialities
Online Gaming, Social Networking, E-commerce, Online Music, Online Video, WeChat, Weibo, Gaming, Artificial Intelligence, Cloud Services, Investments, Entertainment, Internet Services, Music
🛍️ Tencent Product and Pricing News →
👔 Tencent CEO, Management and Leadership Team →
⚔️ Tencent Alternatives and Competitors →
💼 Tencent Hiring and Layoffs →
🤖 Tencent Developer, Integration and Automation News →
📈 Tencent Financials, Fundraising and Valuation News →
🛍️ Tencent Product and Pricing News
- Tencent Games announced support for Dying Light 2: Stay Human on PS5 Pro.
- On November 3, Tencent launched its AI-powered 'Tech Tree' product at the 12th Annual WE Summit in Chengdu, featuring discussions by Nobel laureates on quantum technology and other scientific breakthroughs.
- Tencent introduced Hunyuan-Large, the largest open-source Transformer-based mixture of experts model with 52 billion activated parameters, enhancing its applications and serving billions of users.
- Tencent has open-sourced the Hunyuan3D-1.0 model, the first 3D open-source large model supporting both text-to-3D and image-to-3D generation.
- Tencent's Honor of Kings mobile game attracted a record 33,000 fans to a Beijing stadium on November 16, 2024, as the company targets a growing female player base worldwide.
- Tencent is involved in the 5th Anniversary event of Call of Duty Mobile, which includes a voting for the Legendary Outrider - Techborn character.
- At the Singapore FinTech Festival 2024, Tencent showcased its fintech innovations and won the Thematic – AI, Quantum Champion Award.
- Tencent is developing a survival game called Codename Modila inspired by the Horizon franchise for PC, Android, and iOS.
👔 Tencent CEO, Management and Leadership Team
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Art Director working on some awesome stuffs!
undefined⚔️ Tencent Alternatives and Competitors
- Ant Group |
- ByteDance |
- Kuaishou |
- Huya |
- SoftBank |
- 360 DigiTech |
- Meituan |
- Pinduoduo |
- iQIYI |
- IAC |
- NetEase |
- Agora |
- Meta |
- Alibaba Group |
- Baidu |
- JumpCrew |
- SenseTime |
- Microsoft |
💼 Tencent Hiring and Layoffs
- Hideaki Itsuno, former director of Devil May Cry and Dragon's Dogma, has joined Tencent's subsidiary LightSpeed Studios to create AAA action games.
- Tencent is currently hiring for the position of Senior Microsoft 365 Architect in the United States.
- Fan Y. has started a new position as Strategic Partnerships Development at Tencent Americas.
🤖 Tencent Developer, Integration and Automation News
- Tencent has partnered with Microsoft to integrate Tencent MyApp into the Microsoft Store, allowing Windows 11 users in China to access popular mobile apps and games like PUBG Mobile.
- Tencent plans to invest $500 million by 2030 to develop a third data center in Indonesia as part of a partnership with GoTo Group and Alibaba Group.
- Tencent partnered with Visa to launch palm recognition technology for digital payments in Singapore, starting with a pilot program involving Visa cardholders from DBS, OCBC, and UOB.
- On November 10, 2024, Tencent Cloud announced a collaboration with GoTo and Alibaba to boost Indonesia's digital economy, including building a third data center and investing $500 million in infrastructure and resources by 2030.
📈 Tencent Financials, Fundraising and Valuation News
- Tencent announced its 2024 third quarter results and reported a share price increase to HKD 408.0 with a market capitalization of 3781.0 billion as of November 19, 2024.
- Tencent Music Entertainment Group announced its third quarter 2024 unaudited financial results and successfully hosted the Zebra Music Festival in September, attracting nearly 65,000 attendees.
- Tencent's shares surged 49% over the past year, driven by new game releases and increased advertising revenue, boosting chairman and CEO Pony Ma's wealth by $14.7 billion to reclaim his position as China's second-richest person.
- Tencent Music Entertainment Group reported Q3 2024 revenues of RMB7.02 billion, a 6.8% increase year-over-year.
- Tencent Music Entertainment missed quarterly revenue estimates due to Beijing's crackdown on online gambling affecting its social entertainment segment, despite a 20.4% rise in online music revenue.
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