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Technology Services

Tencent Holdings Ltd.

Company Background

Tencent Holdings is a Chinese Internet services giant based in Shenzhen, Guangdong Province. It is the biggest rival of Alibaba Group, the country's largest e-commerce company. Baidu, Alibaba and Tencent are commonly known collectively as BAT in China.

Tencent was established in 1998. With the hit of its social network service QQ, users of its smartphone chat app WeChat surged, reaching 549 million at the end of March 2015. WeChat is gaining popularity with young Chinese.

As its revenue mainly comes from PC and smartphone games as well as advertising, increasing QQ and WeChat users is likely to lead to higher earnings.

Ma Huateng, founder and CEO of Tencent, is a young entrepreneur from Shantou, the coastal eastern part of Guangdong Province, where many competent overseas Chinese have their roots. He is also a major shareholder of Tencent, owning some 10% of the company.

Business Summary

Tencent Holdings Ltd. engages in the provision of value-added services, online advertising services, and fintech and business services. It operates through the following segments: Value-Added Services, FinTech and Business Services, Online Advertising, and Others. The Value-Added Services segment is involved in online and mobile games, community value-added services, and applications across various Internet and mobile platforms. The FinTech and Business Services segment provides fintech and cloud services, which include commissions from payment, wealth management and other services. The Online Advertising segment represents display based and performance-based advertisements. The Other segment is composed of trademark licensing, software development services, software sales, and other services. The company was founded by Yi Dan Chen, Hua Teng Ma, Chen Ye Xu, Li Qing Zeng, and Zhi Dong Zhang on November 11, 1998 and is headquartered in Shenzhen, China.

Financial Highlights

Dec 2022 HKDUSD
Gross Profit270,607.57M34,558.19M
Operating income119,568.29M15,269.58M
Income before tax263,222.13M33,615.03M
Net income218,903.68M27,955.30M
Diluted EPS22.572.88
Dividends Per Share2.400.30
Total Assets1,771.83B227,013.68M
Total liabilities892,882.37M114,399.50M
Total equity809,934.35M103,771.88M
Operating cash flow171,462.90M21,896.83M
Currency in HKDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 370,371.62M 427,814.21M 541,692.11M 675,060.34M 644,876.43M
Gross Profit 165,629.29M 188,022.62M 244,184.18M 290,106.32M 270,607.57M
Operating income 90,450.82M 105,103.85M 135,114.01M 139,205.48M 119,568.29M
Income before tax 110,129.33M 125,956.57M 198,163.32M 318,785.52M 263,222.13M
Net income 93,239.02M 105,805.74M 179,619.01M 270,957.93M 218,903.68M
EBITDA 130,736.46M 155,650.44M 191,895.36M 208,620.81M 190,665.50M
Diluted EPS 9.74 11.01 18.56 27.94 22.57
Dividends Per Share 1 1.20 1.60 1.60 2.40
Total Assets 825,072.33M 1,067.12B 1,580.96B 1,972.34B 1,771.83B
Total liabilities 418,869.14M 520,328.07M 658,483.24M 899,921.04M 892,882.37M
Total equity 368,916.93M 484,022.94M 834,671.75M 986,317.85M 809,934.35M
Operating cash flow 133,371.87M 169,455.88M 218,902.21M 212,006.24M 171,462.90M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 47,256.07M 54,601.58M 69,841.73M 86,848.64M 82,354.55M
Gross Profit 21,132.80M 23,997.17M 31,483.28M 37,323.09M 34,558.19M
Operating income 11,540.70M 13,414.31M 17,420.59M 17,909.22M 15,269.58M
Income before tax 14,051.50M 16,075.73M 25,549.69M 41,012.76M 33,615.03M
Net income 11,896.45M 13,503.90M 23,158.73M 34,859.59M 27,955.30M
EBITDA 16,680.79M 19,865.54M 24,741.55M 26,839.72M 24,349.11M
Diluted EPS 1.24 1.40 2.39 3.59 2.88
Dividends Per Share 0.12 0.15 0.20 0.20 0.30
Total Assets 105,381.97M 136,954.79M 203,893.85M 252,985.33M 227,013.68M
Total liabilities 53,499.86M 66,778.93M 84,923.39M 115,429.25M 114,399.50M
Total equity 47,119.74M 62,119.52M 107,646.10M 126,511.02M 103,771.88M
Operating cash flow 17,017.04M 21,627.51M 28,223.61M 27,275.27M 21,896.83M

Valuation Measures

Dec 2022
Operating margin18.54%
Profit margin33.94%

Key executives

  • Executive Chairman & Chief Executive Officer: Hua Teng Ma
  • President: Chi Ping Lau
  • COO & President-Interactive Entertainment Group: Yu Xin Ren
  • Chief Financial Officer & Senior Vice President: Shek Hon Lo
  • Chief Information Officer: Chen Ye Xu


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Contact Details

  • Website:
  • Address: Tencent Binhai Towers, No. 33 Haitian 2nd Road, Shenzhen, 518054, China
  • Phone: +86.755.8601.3388

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Last Updated on 1 Jun, 2023

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