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.

Tencent sets aside funding for apps

Tencent Holdings, China's largest internet company by market value, will double the size of its investment fund to 10 billion yuan (HK$12 billion) to encourage technology developers to create more innovative applications on its platform.