Tencent was founded in 1998 by Pony Ma ,Tony Zhang, Xu Chenye, Charles Chen, and Zeng Liqing. While the company went public on the Hong Kong stock exchange, the company has not disclosed plans to go public in the United States. Some of Tencent's numerous subsidiaries, however, have gone public through American IPOs. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Tencent is a Chinese technology and entertainment conglomerate and holdings company. It is one of the largest multimedia companies in the world, and the single largest video game vendor. The company has subsidiaries across a wide range of industries, including messaging, payments, banking, video games, and advertising. It's instant messaging platform, WeChat, reports 1.26 billion users. Tencent is among the most valuable companies in the world with a valuation of $589.8 billion.

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Updated on: May 21, 2024

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