Tencent | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

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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.

🛍️ 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 →

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🛍️ Tencent Product and Pricing News

• 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 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's new studio AIDELWEISS will start a closed beta test for their open-world pet collector RPG, Kewlbiverse, on Android in select regions on November 15, 2024.

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👔 Tencent CEO, Management and Leadership Team

• Po Yuen Kenny Lam

  
  Art Director working on some awesome stuffs!
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⚔️ Tencent Alternatives and Competitors

• Ant Group
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• ByteDance
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• Kuaishou
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• Huya
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• SoftBank
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• 360 DigiTech
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• Meituan
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• Pinduoduo
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• iQIYI
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• IAC
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• NetEase
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• Agora
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• Meta
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• Alibaba Group
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• Baidu
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• JumpCrew
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• SenseTime
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• Weibo
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• Google
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• Microsoft
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• WhatsApp

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💼 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.

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🤖 Tencent Developer, Integration and Automation News

• 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.

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📈 Tencent Financials, Fundraising and Valuation News

• 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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