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Corporation
INTERNET | Internet Software & Services / Information Providers & Portals
tencent.com

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Investments

1055

Portfolio Exits

131

Funds

3

Partners & Customers

10

Service Providers

3

About Tencent Holdings

Tencent Holdings (SEHK: 700) is a Chinese investment holding company whose subsidiaries provide media, entertainment, internet, and mobile phone value-added services and operate online advertising services in China. Offerings include products like QQ (QQ Instant Messenger), QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay.

Tencent Holdings Headquarter Location

Tencent Building, Hi-Tech Park Middle First Rd Nanshan District

Shenzhen, Guangdong, 518057,

China

+86 0755-86013388

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Expert Collections containing Tencent Holdings

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Tencent Holdings in 9 Expert Collections, including HR Tech.

H

HR Tech

65 items

E

E-Commerce

22 items

U

Unicorns- Billion Dollar Startups

113 items

W

Wealth Tech

1,716 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

G

Grocery Retail Tech

16 items

Startups providing tools to grocery businesses to improve in-store operations. Includes IoT tools, customer analytics platforms, in-store robots, predictive inventory management systems,and more. (Does not include on-demand grocery delivery startups or online-only grocery stores)

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

Tencent Holdings Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Tencent Holdings Rank

Latest Tencent Holdings News

Tencent Music Gains on Strong Expectations Despite Double-Digit Falls in First-Quarter Profit, Revenue

May 17, 2022

(Yicai Global) May 17 -- Shares in Tencent Music Entertainment, China's biggest online music group, advanced in after-hours trading despite first-quarter profit and revenue plunging by double digits as hopes rise that the recent crackdown on the country’s internet-based giants will ease soon. Tencent Music’s share price [NYSE:TME] rose 3.37 percent to USD4.29 in after-market trading. Tencent Music’s net profit plunged 34.2 percent in the three months ended March 31 from the same period last year to CNY609 million (USD96 million), according to the Shenzhen-based company’s latest earnings report released yesterday. Revenue sank 15.1 percent to CNY6.6 billion (USD970 million). Despite the blow to investors’ pockets, the results were to be expected after regulators began to rein in internet-based giants last year. Among other restrictions, last August Tencent Music was stripped of its exclusive music copyright deals to allow freer competition. There are expectations that the curbs will be loosened after the government recently pledged support for the platform economy. “In the first quarter, we further strengthened our cooperation with parent firm Tencent Holdings’ ecosystem in content production and promotion, with the rewards becoming increasingly manifest,” said Chief Executive Officer Ross Liang. In addition, our long-form audio continued to gain traction thanks to differentiated content, and we are working on improving its monetization efficiency mainly through memberships.” Revenue from social entertainment services plunged 20.6 percent to CNY4 billion (USD592 million) and that for its online music services sank 4.8 percent to CNY2.6 billion. The number of monthly active users for online music dipped 1.8 percent to 604 million due to a drop in casual users and less expenditure on marketing, it said. But the number of paid subscribers jumped 31.9 percent to 80.2 million year on year. The average revenue per paid subscriber slumped 10 percent to CNY8.3 (USD1.23). Tencent Music is building closer ties with Tencent's social media platform WeChat such as through holding online concerts on WeChat video accounts, an executive said at the earnings call. This model has seen some success during the pandemic. The company is also looking at livestreaming artists’ performances through WeChat accounts, he added. No guidance was given for this quarter. Editors: Dou Shicong, Kim Taylor Follow Yicai Global on

Tencent Holdings Investments

1,055 Investments

Tencent Holdings has made 1,055 investments. Their latest investment was in Optibus as part of their Series D on May 5, 2022.

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Tencent Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/16/2022

Series D

Optibus

$100M

Yes

4

5/12/2022

Corporate Minority

Jaguar Microsystems

Yes

2

4/24/2022

Seed

THERORNA

Yes

3

4/22/2022

Series B

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$99M

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10

4/18/2022

Corporate Minority - II

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10

Date

5/16/2022

5/12/2022

4/24/2022

4/22/2022

4/18/2022

Round

Series D

Corporate Minority

Seed

Series B

Corporate Minority - II

Company

Optibus

Jaguar Microsystems

THERORNA

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Amount

$100M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

2

3

10

10

Tencent Holdings Portfolio Exits

131 Portfolio Exits

Tencent Holdings has 131 portfolio exits. Their latest portfolio exit was SoundHound on April 28, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/28/2022

Reverse Merger

$99M

8

4/11/2022

IPO

4

4/11/2022

Acquired

2

3/22/2022

IPO - II

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$99M

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10

2/1/2022

Acq - P2P

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$99M

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10

Date

4/28/2022

4/11/2022

4/11/2022

3/22/2022

2/1/2022

Exit

Reverse Merger

IPO

Acquired

IPO - II

Acq - P2P

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

8

4

2

10

10

Tencent Holdings Acquisitions

50 Acquisitions

Tencent Holdings acquired 50 companies. Their latest acquisition was Tequila Works on March 15, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/15/2022

$99M

Corporate Majority

2

2/28/2022

$99M

Acquired

4

2/23/2022

$99M

Acquired

2

1/26/2022

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$99M

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10

1/6/2022

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$99M

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10

Date

3/15/2022

2/28/2022

2/23/2022

1/26/2022

1/6/2022

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Corporate Majority

Acquired

Acquired

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Sources

2

4

2

10

10

Tencent Holdings Fund History

3 Fund Histories

Tencent Holdings has 3 funds, including Tencent USD VC Fund 2017.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2017

Tencent USD VC Fund 2017

Multi-Stage Venture Capital

Closed

$600M

1

腾讯产业共赢基金 (Tencent Industry Win-Win Fund)

0

Tencent USD VC Fund 2018

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10

Closing Date

12/31/2017

Fund

Tencent USD VC Fund 2017

腾讯产业共赢基金 (Tencent Industry Win-Win Fund)

Tencent USD VC Fund 2018

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$600M

Sources

1

0

10

Tencent Holdings Partners & Customers

10 Partners and customers

Tencent Holdings has 10 strategic partners and customers. Tencent Holdings recently partnered with Believe on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/28/2022

Licensor

France

Believe renews deals with NetEase Cloud Music and Tencent Music Entertainment

Under the terms of that agreement , Tencent Music Entertainment became the exclusive Chinese partner of Believe to distribute a repertoire of over 6 million songs on its QQ Music platform and to manage the sub -- licensing business to local online music service providers in mainland China .

1

3/28/2022

Partner

France

Tencent and Ubisoft Jointly Developing New Games

The background of the cooperation between the two companies is that Ubisoft chose to sell a 5 % stake to Tencent

1

2/14/2022

Partner

South Korea

19:00 ET WireBarley partners with Tencent Financial Technology for global remittance

`` We 're pleased to announce this partnership with WireBarley to further expand Tencent Financial Technology 's global reach .

4

1/10/2022

Partner

Indonesia

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10

1/7/2022

Partner

United Kingdom

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10

Date

4/28/2022

3/28/2022

2/14/2022

1/10/2022

1/7/2022

Type

Licensor

Partner

Partner

Partner

Partner

Business Partner

Country

France

France

South Korea

Indonesia

United Kingdom

News Snippet

Believe renews deals with NetEase Cloud Music and Tencent Music Entertainment

Under the terms of that agreement , Tencent Music Entertainment became the exclusive Chinese partner of Believe to distribute a repertoire of over 6 million songs on its QQ Music platform and to manage the sub -- licensing business to local online music service providers in mainland China .

Tencent and Ubisoft Jointly Developing New Games

The background of the cooperation between the two companies is that Ubisoft chose to sell a 5 % stake to Tencent

19:00 ET WireBarley partners with Tencent Financial Technology for global remittance

`` We 're pleased to announce this partnership with WireBarley to further expand Tencent Financial Technology 's global reach .

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Sources

1

1

4

10

10

Tencent Holdings Service Providers

4 Service Providers

Tencent Holdings has 4 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Corporate Majority - III

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Corporate Majority - III

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Tencent Holdings Team

11 Team Members

Tencent Holdings has 11 team members, including current Executive Vice President, David AM Wallerstein.

Name

Work History

Title

Status

David AM Wallerstein

Executive Vice President

Current

Zhaohui Li

Managing Partner

Current

Rahul Razdan

President

Former

Jason Zeng

Chief Operating Officer

Former

Jeff Xiong

Chief Technology Officer, Executive Vice President

Former

Name

David AM Wallerstein

Zhaohui Li

Rahul Razdan

Jason Zeng

Jeff Xiong

Work History

Title

Executive Vice President

Managing Partner

President

Chief Operating Officer

Chief Technology Officer, Executive Vice President

Status

Current

Current

Former

Former

Former

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