Tencent Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

Tencent Strengths, Domain Expertise, and Key Differentiators

Tencent enriches people’s lives through technology and the Internet. Their communication and social network platforms (Weixin and QQ) enhance interpersonal communication and enable timely access to media and lifestyle services. Tencent's advertising platforms help brands and merchants reach hundreds of millions of consumers in China. Through FinTech and Business Services, Tencent helps support their business partners’ growth into the digital age. Tencent invests in talent and cultivates an environment for innovation. Tencent goal is to continue to create new and effective ways to make the Internet more beneficial to the industry and society.

Tencent Recent Developments

Tencent's announcement of TanLIVE's global launch at COP28 signifies a transformative moment in the convergence of technology and environmentalism. As the world grapples with the urgent need for climate action, initiatives like TanLIVE exemplify the pivotal role of the tech industry in driving meaningful change. With revenue growth and profit data poised to follow suit, Tencent's strategic investment in TanLIVE underscores its commitment to leveraging technology for the greater good, while positioning itself as a leader in the burgeoning field of climate technology.

Tencent, a titan in the tech world, has made significant strides with its SaaS products, particularly in cloud conferencing. Tencent Meeting's ascension to the throne as China's premier standalone app for cloud conferencing underscores its unrivaled prowess in the market. The release of the enterprise version of Tencent Meeting marks a pivotal moment, with seamless integration into key sectors such as energy, healthcare, and education. The unveiling of Tencent Meeting Rooms and Connector represents a paradigm shift in interactive communication, catering to diverse customer needs while ensuring compatibility with existing audiovisual infrastructure. Furthermore, WeCom's emergence as a linchpin in remote workplaces, boasting a staggering 5.5 million enterprise customers, signifies Tencent's commitment to bridging communication gaps and fostering collaboration on a monumental scale.

Tencent Mergers and Acquisitions (M&A) Activities

Tencent's investment strategy encompasses a diverse portfolio of acquisitions, mergers, and funding rounds, both domestically and internationally. The acquisition of Leyou Technologies, a notable Chinese firm, underscores Tencent's ambition to expand its gaming empire. With Leyou's ownership of esteemed developers like Digital Extremes, Tencent secures a stronger foothold in the global gaming market, capitalizing on the surging demand for interactive entertainment. Furthermore, Tencent's investments extend beyond gaming, with strategic partnerships and funding initiatives driving innovation across sectors.

Tencent's 2020 deals included: A minor stake in Japanese developer Platinum Games for an undisclosed amount, $148 million acquisition of Norwegian developer and publisher Funcom, Increased stake in China-based Bilibili to 18%, A minor stake in German studio Yager for an undisclosed amount Participated in a $150 million Series G round of funding for USA-based Roblox, A 20% stake in Japanese publisher Marvelous for $65 million, A 31.25% stake in China-based FanPass for just over $70,000, A minor stake in French mobile publisher Voodoo for an undisclosed amount, Increased stake in Chinese firm Century Huatong to 5% for $30.9 million, $810 million investment in the merger between Chinese games-centric streaming platforms Huya and DouYu, $1.5 billion acquisition of China-based Leyou Technology, Took a 10% stake in Chinese firm Yunchang Game, with the option of 15%, 21.75% stake in Chinese cloud-based games firm 51ias, A minor stake in Chinese studio Ziyue Gege for an undisclosed amount, A majority stake in GTFO developer 10 Chambers for an undisclosed amount, Participation in the $100 million Series B funding round for Chinese esports firm VSPN, 20% stake in Chinese studio Narx Games, 10.7% stake in Chinese developer First Fun, 20% stake in China-based Nuanyu Technology, $25 million investment for a minor stake in UK-based Lockwood Publishing, A minor stake in China's Wizard Games for an undisclosed amount, A 30% stake in China-based Note7G, A 20% stake in Wangyuan Shengtang for an undisclosed amount, 7.5% stake in China's Fruits Game for $6.9 million, A 20% stake in Xinghe Interactive for an undisclosed amount, A 39% stake in China-based TiGames for an undisclosed amount, A 10% stake in Chinese developer APG Games for an undisclosed amount, A 19.25% stake in China's Dream Game Studio for an undisclosed amount, A 14.5% stake in China-based Shadow Moon Tech for an undisclosed amount. A minor stake in Capstone Games, the developer behind sports series Chinese Super League, for an undisclosed amount, Increased its stake from 3% to 6% in Chinese developer Giraffe Game.

Tencent Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Tencent applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Tencent and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Tencent Cloud, Tencent Meeting, Weixin, QQ, Tencent Cloud Blockchain RPC customers.

Tencent Key Enterprise and Cloud Applications

Tencent Cloud, Tencent Meeting, Weixin, QQ, Tencent Cloud Blockchain RPC

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Tencent Direct vs Indirect sales

Tencent Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Tencent Customers

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No. of Tencent Cloud Subscribers: 470 million

Tencent Cloud's ascent in the cloud computing realm has been nothing short of spectacular. With a user base surpassing 20 million developers, Tencent Cloud has firmly established itself as a frontrunner in the global cloud market. Its relentless commitment to innovation, coupled with a robust infrastructure spanning more than 60 zones worldwide, has propelled its growth trajectory to unprecedented heights. Among those customers there are: Ubitus, OOKBEE, Yell Inc., Perfect World Enterntainment, GRWTH, 5X Games, Bravesoft, Black Inc. WITH Ltd, Clash Royale, Cyber Pal, E-Business, Education First, Futu Securities, Mynet, Nexon, Pitaya Games, PUBG Mobile, Shiro Games,

Tencent Market Opportunities, M&A and Geo Expansions

Tencent Cloud's launch of Blockchain RPC represents a significant milestone in the evolution of Web3 infrastructure and developer services. By leveraging the power of collaboration and innovation, Tencent Cloud and Ankr have set a new standard for reliability, performance, and scalability in the realm of blockchain technology. As the digital landscape continues to evolve, Tencent Cloud remains at the forefront of driving technological innovation and empowering developers to shape the future of decentralized applications and blockchain ecosystems.

With growing customer demand and increasing cloud computing spending all over the globe, Tencent Cloud, the cloud business of Tencent, announced the launch of four new internet data centers (IDC) in Bangkok, Frankfurt, Hong Kong and Tokyo. The addition of the new IDCs places Tencent Cloud’s operation in 27 regions and 66 availability zones worldwide, ushering in the opening of the second availability zones (AZ2) in Bangkok, Frankfurt and Tokyo and the third (AZ3) in Hong Kong in order to addressing the ever-growing business needs around the world. The launch of the new IDCs is the latest step forward in Tencent’s robust growth strategies in terms of global infrastructure. Tencent Cloud has opened its second availability zone in Korea, followed by the first IDC in Indonesia as well as the third availability zone in Singapore. The company is set to launch its second Indonesian IDC and its first in Bahrain by the end of the year.

Tencent Risks and Challenges

Despite Tencent's technological prowess, navigating the digital frontier is not without risks. Internal challenges such as talent retention, cybersecurity threats, and regulatory compliance loom large, demanding proactive measures to safeguard operations and reputation. External factors such as market volatility, geopolitical tensions, and shifting consumer preferences pose additional challenges, requiring agile adaptation and risk mitigation strategies. Furthermore, go-to-market challenges, including market saturation and competitive pressures, necessitate innovative approaches to differentiate Tencent's offerings and capture new market segments effectively.

Tencent Ecosystem, Partners, Resellers and SI

Our collaboration with Tencent Cloud marks a significant step forward in realizing the full potential of the Metaverse. By harnessing the power of cloud computing, blockchain technology, and ecosystem partnerships, we are poised to create a future where virtual experiences are more immersive, inclusive, and empowering than ever before. Together, we will continue to push the boundaries of innovation, shaping the digital landscape for generations to come.

Tencent announced at the Singapore Fintech Festival that it will be partnering with the Asian Institute of Digital Finance (AIDF), an institute within the National University of Singapore (NUS) that is jointly founded by The Monetary Authority of Singapore (MAS), the National Research Foundation (NRF) and NUS. Under the partnership, Tencent Financial Technology (FiT) and AIDF will collaborate in the areas of research, education, and entrepreneurship to better support Asia’s fast-growing digital finance industry. The two parties will collaborate to bring thought leadership to the fintech community and build fintech leadership pipeline in the region.

Tencent Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: