Date of Update: 03/23/2020
Ticker: 700 HK
Sector: Interactive Media & Services
This is not a recommendation to buy or sell securities.
Tencent, founded in Shenzhen in 1998, is China's largest gaming and social media company. The company's online games segment is the largest in the world by revenues, and its social media platform WeChat, features over 1.1 billion monthly active users. Tencent has an active investment portfolio, which includes various game companies, such as 100% of Riot Games (League of Legends) and 40% of Epic Games (Fortnite).
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