ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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. is an investment holding company. It operates through the following segments: Value-Added Services, FinTech and Business Services, Online Advertising, and Others. The Value-added Services segment involves 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 consists 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 2020 HKDUSD
Gross Profit244,184.18M31,483.28M
Operating income135,114.01M17,420.59M
Income before tax198,163.32M25,549.69M
Net income179,619.01M23,158.73M
Diluted EPS18.562.39
Dividends Per Share1.600.20
Total Assets1,580.96B203,893.85M
Total liabilities658,483.24M84,923.39M
Total equity834,671.75M107,646.10M
Operating cash flow218,902.21M28,223.61M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 177,527.17M 274,157.94M 370,371.62M 427,814.21M 541,692.11M
Gross Profit 96,672.61M 134,824.68M 165,629.29M 188,022.62M 244,184.18M
Operating income 58,308.75M 76,359.72M 90,450.82M 105,103.85M 135,114.01M
Income before tax 63,283.88M 100,772.87M 110,129.33M 125,956.57M 198,163.32M
Net income 48,016.15M 82,457.24M 93,239.02M 105,805.74M 179,619.01M
EBITDA 73,064.71M 103,424.97M 130,736.46M 155,650.44M 191,895.36M
Diluted EPS 5.05 8.64 9.74 11.01 18.56
Dividends Per Share 0.61 0.88 1 1.20 1.60
Total Assets 441,681.31M 665,853.41M 825,072.33M 1,067.12B 1,580.96B
Total liabilities 233,896.45M 333,218.41M 418,869.14M 520,328.07M 658,483.24M
Total equity 194,817.76M 307,402.83M 368,916.93M 484,022.94M 834,671.75M
Operating cash flow 79,399.88M 128,774.43M 133,371.87M 169,455.88M 218,902.21M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 22,869.97M 35,180.85M 47,256.07M 54,601.58M 69,841.73M
Gross Profit 12,453.86M 17,301.14M 21,132.80M 23,997.17M 31,483.28M
Operating income 7,511.63M 9,798.73M 11,540.70M 13,414.31M 17,420.59M
Income before tax 8,152.55M 12,931.50M 14,051.50M 16,075.73M 25,549.69M
Net income 6,185.69M 10,581.18M 11,896.45M 13,503.90M 23,158.73M
EBITDA 9,412.57M 13,271.83M 16,680.79M 19,865.54M 24,741.55M
Diluted EPS 0.65 1.10 1.24 1.40 2.39
Dividends Per Share 0.07 0.11 0.12 0.15 0.20
Total Assets 56,967.98M 85,176.90M 105,381.97M 136,954.79M 203,893.85M
Total liabilities 30,167.92M 42,625.76M 53,499.86M 66,778.93M 84,923.39M
Total equity 25,127.56M 39,323.40M 47,119.74M 62,119.52M 107,646.10M
Operating cash flow 10,228.70M 16,524.76M 17,017.04M 21,627.51M 28,223.61M

Valuation Measures

Dec 2020
Operating margin24.94%
Profit margin33.15%

Key executives

  • Executive Chairman & Chief Executive Officer: Hua Teng Ma
  • President & Executive Director: 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


  • Prosus NV (28.8%)
  • MA HUA TENG PONY (8.3%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.2%)
  • Baillie Gifford & Co. (0.9%)
  • Norges Bank Investment Management (0.8%)
  • Fidelity Management & Research Co. LLC (0.8%)
  • JPMorgan Investment Management, Inc. (0.5%)
  • E Fund Management Co., Ltd. (0.5%)
  • Invesco Advisers, Inc. (0.4%)

Contact Details

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

Related Companies

  • FuSure Reinsurance Co., Ltd.
  • OPH E Ltd.
  • Sixjoy Hong Kong Ltd.
  • TCH Ivory Ltd.
  • Isle Oasis Ltd.
  • WeSure Insurance Ltd.
  • Tpp Follow On I Holding E Ltd.
  • Double Combo Holding Ltd.
  • Serene Century Ltd.
  • Tenup Entertainment Netherlands BV
  • Mount Yandang Investment Ltd.
  • Eidetic Investment Ltd.
  • Beijing BIZCOM Technology Co., Ltd.
  • TJ Sports Culture Development (Shanghai) Co. Ltd.
  • Proximagamma Pvt Ltd.
  • Concerto HK2 Co., Ltd.
  • Tencent Cloud Europe BV
  • Kapok Tree Investment Ltd.
  • THL A25 Ltd.
  • THL A Ltd.
  • Shenzhen Tencent Commercial Management Co. Ltd.
  • Tencent Technology (Wuhan) Co., Ltd.
  • Nanjing Wang Dian Technology Co., Ltd.
  • Cornflower Investment Ltd.
  • Nectarine Investment Ltd.
  • Linen Investment Ltd.
  • Poyang Lake Investment Ltd.
  • Tencent Ltd.
  • Tencent Technology (Chengdu) Co., Ltd.
  • Beijing Tencent Culture Media Co., Ltd.


  • Microsoft Corporation
  • NetEase, Inc
  • Baidu, Inc. Class A
  • Electronic Arts Inc.
  • Alibaba Group Holding Ltd.
  • Gravity Co., Ltd. Sponsored ADR
  • iQIYI, Inc. Sponsored ADR Class A
  • Limited Sponsored ADR
  • Phoenix New Media Ltd. Sponsored ADR Class A
  • Qutoutiao, Inc. Sponsored ADR Class A
  • Netmarble Corp.
  • Fuchun Technology Co., Ltd. Class A
  • NetDragon Websoft Holdings Limited
  • Starbreeze AB
  • Zynga Inc. Class A
  • UCloud Technology Co., Ltd. Class A
  • G-Bits Network Technology (Xiamen) Co., Ltd. Class A
  • Facebook, Inc. Class A
  • Playtika Holding Corp.
  • Xunlei Ltd. ADR
  • Roblox Corp. Class A
  • Spotify Technology SA
  • Prosus N.V. Class N
  • Twitter, Inc.
  • Snap, Inc. Class A
  • Beijing Transtrue Technology Inc Class A
  • Wuhan DDMC Culture & Sports Co., Ltd. Class A
  • 36Kr Holdings Inc ADR Class A
  • BEC World Public Co., Ltd.
  • Business-Intelligence of Oriental Nations Corporation Ltd. Class A
Last Updated on 27 Oct, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more