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    SDW - Group 11 - B - Tencent

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    Amisha Lal
    Tencent is a large Chinese technology conglomerate founded in 1998 that provides internet services including social media platforms WeChat and QQ, online gaming, music streaming, and investments in tech companies globally. It generates revenue from services on WeChat which has over 1 billion users, gaming such as League of Legends and stakes in Fortnite and PUBG, as well as music streaming. Tencent has made many acquisitions and investments totaling over $21 billion and faces some controversies over censorship and data privacy.

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    SDW - Group 11 - B - Tencent

    Uploaded by

    Amisha Lal
    84 views8 pages
    Tencent is a large Chinese technology conglomerate founded in 1998 that provides internet services including social media platforms WeChat and QQ, online gaming, music streaming, and investments in tech companies globally. It generates revenue from services on WeChat which has over 1 billion users, gaming such as League of Legends and stakes in Fortnite and PUBG, as well as music streaming. Tencent has made many acquisitions and investments totaling over $21 billion and faces some controversies over censorship and data privacy.

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    SDW_Group 11_B_Tencent

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    Tencent is a large Chinese technology conglomerate founded in 1998 that provides internet services including social media platforms WeChat and QQ, online gaming, music streaming, and investments in tech companies globally. It generates revenue from services on WeChat which has over 1 billion users, gaming such as League of Legends and stakes in Fortnite and PUBG, as well as music streaming. Tencent has made many acquisitions and investments totaling over $21 billion and faces some controversies over censorship and data privacy.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    84 views8 pages

    SDW - Group 11 - B - Tencent

    Uploaded by

    Amisha Lal
    Tencent is a large Chinese technology conglomerate founded in 1998 that provides internet services including social media platforms WeChat and QQ, online gaming, music streaming, and investments in tech companies globally. It generates revenue from services on WeChat which has over 1 billion users, gaming such as League of Legends and stakes in Fortnite and PUBG, as well as music streaming. Tencent has made many acquisitions and investments totaling over $21 billion and faces some controversies over censorship and data privacy.

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    TENCENT

    Group 11
    Sriya Singhi
    Shivangi Singh
    Nikita Ghosh
    M Sindhura
    Introduction
    ● Tencent is a Chinese multinational technology conglomerate holding company.

    ● It was founded in 1998. It has Internet-related services and products, including entertainment and
    artificial intelligence.

    ● Tencent is the world's largest video game vendor. It is among the largest social media, venture capital,
    and investment corporations.

    ● Its services include social network, music, web portals, e-commerce, mobile games, internet services,
    payment systems, smartphones, and multiplayer online games.

    ● In China it offers instant messengers Tencent QQ and WeChat and one of the largest web portals
    QQ.com.

    ● It also owns the majority of Global's music services (Tencent Music Entertainment), with more than
    700 million active users and 120 million paying subscribers.
    Business Revenue Streams : WeChat
    ● Tencent has a broad portfolio of interests, although arguably it remains best known for its messaging
    services.
    ● WeChat has over a billion users, both inside China and around the world - the Chinese version is called
    Weixin.
    ● It is often compared to WhatsApp - and certainly it is widely used for messaging
    ● Several US messaging apps and social media sites are banned by the Chinese state so you can't
    (officially) Facebook message a friend in Beijing, for example.
    ● It's more akin to a separate operating system: just like you might use Google's Android or Apple's iOS
    for a variety of tasks, it is used to read news, pay bills, order transport or food, and run small
    businesses.
    Gaming

    ● Tencent is the largest video games publisher in the world. It has a stake in the two most popular Battle
    Royale-style games: Fortnite and PlayerUnknown's Battlegrounds (PubG)
    ● It owns a 40% stake in Fortnite studio, Epic games, and has the license to PlayerUnknown's
    Battlegrounds (PubG) - although it failed in its own battle to get the game approved for distribution in
    China.
    ● It also owns the entire League of Legends studio, Riot Games.
    ● In October 2019, PC Gamer published a list of 16 games firms outside of China that Tencent had
    publicly invested in, including Ubisoft and Discord.
    Music & Videos
    ● Present in Western music and films.
    ● Tencent has recently completed a deal giving it a 10% stake in Universal Music. The record label
    includes major artists such as Lady Gaga, Taylor Swift, Drake and Kendrick Lamar on its books.
    ● In addition, Tencent already has its own music division - Tencent Music Entertainment (TME).
    ● And a share-swap in 2017 saw it take a 7.5% stake in streaming giant Spotify
    ● Tencent Pictures, its film and production arm, has been involved in a large number of Hollywood
    movies, including Terminator: Dark Fate (2019), Wonder Woman (2017) and the upcoming Top Gun
    sequel, Top Gun: Maverick - scheduled for release in 2021.
    Acquisitions
    ● Tencent has made 21 acquisitions and 477 investments.
    ● The company has spent over $ 21.88B for the acquisitions.
    ● Tencent has invested in multiple sectors such as Mobile Gaming, Internet First Media, PC & Console
    Gaming and more
    ● Key Acquisitions are
    Supercell (Acq. for $ 10.20B in Jun 2016), Amer Sports (Acq. for $ 6.40B in Dec 2018), China Music
    Corp (Acq. for $ 2.70B in Jul 2016)
    ● Leyou,Bitauto,Cloudary, Riot games, Funcom, Comsenz, VUE, Linktech Navi, Zam, Sharkmob,
    10Chambers Collective, huya, iflix, Yixin group, Sanook, Baimin, Sogou are some of the
    acquisitions
    Controversies
    ● Apple Tencent Privacy controversy

    According to an iOS notice, though, Apple is now using a blacklist from Tencent Safe Browsing as
    well.These blacklists are great for warning users off bad sites. But they can hypothetically be used for
    tracking users, too. In a worst-case scenario, a browser could directly submit every link you click to be
    checked against a blacklist — which would create a comprehensive log of your internet activity, linked to
    your IP address.

    ● Tencent's WeCat platform has been accused of blocking TikTok videos and the censorship of
    politically sensitive content.
    ● In October 2019, the Blitzchung controversy erupted when a professional videogame player, Ng Wai
    Chung, known by his in-game name Blitzchung, after winning Hearthstone game torunament made an
    impromptu statement in support of the Hong Kong protests in an interview, which are highly
    politically sensitive in China and embarrassing to the Chinese Communist Party

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