Tencent | South China Morning Post
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  • Mar 30, 2015
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Tencent

Founded in November, 1998 and headquartered in Shenzhen, Tencent is one of China's and the world's largest internet services companies, with subsidiaries and investments in media, entertainment, Internet and mobile communications, advertising, e-commerce and internet banking. It was listed on the Hong Kong Stock Exchange on June 16, 2004 and had a market capitalisation of more than HK$ 1 trilion as of the end of 2014. 

Tencent rejects WeChat prostitution allegations

WeChat users. Photo: SCMP

Chinese internet giant Tencent has dismissed accusations on Wednesday made by China’s national broadcaster that its instant messaging service WeChat fosters prostitution in China.

Wednesday, 20 November, 2013, 10:35am

Investments weigh down internet giant

Tencent is investing to grow its brand, resulting in a slower 20 per cent increase in third-quarter profit to 3.87 billion yuan. Photo: UPI

Tencent, the mainland's largest listed internet company, posted the lowest revenue growth in six years in the third quarter while net profit missed expectations, weighed down by investments in its mobile and e-commerce businesses.

14 Nov 2013 - 1:10pm

WeChat helps Tencent make over HK$637m in Single's Day sales

Tencent allowed 51buy customers to purchase products through their WeChat accounts for the first time. Photo: SCMP Pictures

Tencent, the mainland’s largest listed internet company, racked in millions of yuan this week partly through the nimble use of mobile e-commerce, allowing users of its popular WeChat messaging software to make fast purchases through their smartphones.

13 Nov 2013 - 7:39pm 1 comment

Social media drive helps lift 'Double 11' sales for Alibaba, Tencent

Tmall.com staff celebrate as the sales roll in during Monday's festival, thanks to cash rewards on offer of 200 million yuan. Photo: Xinhua

Social media campaigns helped mainland internet giants Alibaba Group and Tencent post record-high transactions on "Double 11", the world's biggest online shopping festival.

13 Nov 2013 - 3:18am

Bullish Tencent options hit 3-year high

Tencent is developing offerings for its WeChat mobile messaging service to profit as consumers spend more time on smartphones and tablets. Photo: Bloomberg

The cost of bullish Tencent options have risen to the highest level in almost three years on optimism the mainland's biggest internet company will earn more profit from mobile messaging and games.

13 Nov 2013 - 3:17am

Bulls come out for Tencent ahead of 3Q financial results

WeChat is likely to be put in the spotlight by investors to determine the progress of Tencent's new paid-for mobile games. Photo: Bloomberg

Investors might have to brace themselves for a ground-shaking bull run on Wednesday, when internet giant Tencent reports its financial performance for the quarter to September.

11 Nov 2013 - 6:47am

Tencent, Alibaba open mobile payments battle via vending machines

WeChat subscribers can buy drinks from vending machines with their smartphones at Beijing Subway train stations. Photo: SCMP

Tencent, the mainland's largest listed internet firm, and the country's e-commerce giant Alibaba have recently been waging a quiet battle for the hearts, minds and wallets of smartphone-toting consumers who patronise the vending machines inside Beijing Subway train stations.

9 Oct 2013 - 5:19am 2 comments

Tencent teams up with Sohu to vie for No 2 spot

Tencent teams up with Sohu to vie for No 2 spot

Mainland internet giant Tencent has invested US$448 million in cash to take a 36.5 per cent stake in Sohu.com's Sogou search service, and will merge its Soso search-related businesses into Sogou to compete for second position in the local search market.

17 Sep 2013 - 3:38am

Tencent dips toe in high finance

Tencent headquarters at Nanshan Hi-Tech Industrial Park in the southern Chinese city of Shenzhen. Photo: Reuters

Media are reporting that Internet giant Tencent (0700.HK) is following close behind rival Alibaba with plans to launch an investment product that is quite unrelated to any of its core online businesses.

20 Sep 2013 - 12:48pm

Tencent builds momentum for mobile e-commerce push

A Tencent Games booth at an IT expo in Beijing. The company expects most of the revenue from WeChat to come from its users playing mobile games. Photo: Reuters

Shenzhen-based Tencent has given a dream run to investors since its listing almost a decade ago. Its increasingly ambitious e-commerce plans may make it even more attractive.

5 Sep 2013 - 7:21am

New WeChat 'Airplane War' game sending addicted players to hospital

Airplane War was first introduced in Chinese WeChat Version 5.0. Photo: Screenshot via news.7xz.com

Chinese WeChat users addicted to a new airplane game included in the mobile social network’s newest iteration are now finding themselves in hospital with severe cases of “gamer’s thumb.”

12 Sep 2013 - 5:52pm 1 comment

Tencent net profit up 18.7pc in quarter

Tencent headquarters in Nanshan Hi-Tech Industrial Park, Shenzhen. Photo: Reuters

Tencent, the mainland's largest listed internet firm, said second-quarter net profit rose 18.7 per cent from a year earlier on robust growth in online games and advertising.

15 Aug 2013 - 3:18am

Mobile e-commerce battle heats up in China

Tencent's Wechat advertisement in Hong Kong. Tension between Tencent and Alibaba over e-commerce is growing. Photo: Thomas Yau

The battle between the mainland's internet giants Tencent and Alibaba for dominance in the country's rapidly expanding mobile e-commerce market is a fight that could be worth US$395 billion.

8 Aug 2013 - 5:16am

Tencent launches updated, monetised WeChat version with paid emoticons

WeChat has more than 400 million users. Photo: Bloomberg

The app boasts several new payment services, including an emoticon 'sticker store' where users can pay to download graphical images to attach to their messages.

6 Aug 2013 - 5:07am

Severed cables leave WeChat users in limbo

WeChat has more than 300 million registered domestic users and recently surpassed 70 million users internationally. Photo: Bloomberg

The mainland's leading smartphone messaging application, WeChat, owned by internet giant Tencent Holdings, went down for several hours yesterday morning after two optical cables were severed by a road construction team.

23 Jul 2013 - 6:48am