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Company Snapshot
Tencent is a Bigtech company, based in Shenzhen, Guangdong, China, founded 1998 by Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, Zeng Liqing. Market cap $510.99B (As of Sep 5, 2026, companiesmarketcap.com).
Recent changes
- Oct 8, 2026Oct 8, 2026Invested in Manus ($500M+) SiliconANGLE
- Oct 6, 2026Oct 6, 2026Follow-on: Invested in DeepSeek ($11.93B (¥80B+))Rumored Reuters
- Sep 11, 2026Sep 11, 2026Tencent-Backed Enflame Triples On Shanghai IPO Debut Pulse story
- Sep 11, 2026Sep 11, 2026Tencent-Backed Enflame Triples In Shanghai IPO Debut Pulse story
- Sep 10, 2026Sep 10, 2026Invested in UniPat AI ($300M) Bloomberg
Earlier changes (11)
- Sep 10, 2026Sep 10, 2026Alibaba, Tencent Back UniPat AI At $2.5B Pulse story
- Sep 5, 2026Sep 5, 2026First reported market cap: $510.99B companiesmarketcap.com
- Aug 24, 2026Aug 24, 2026Invested in Xpeng Robotics ($900M) Electrek
- Aug 13, 2026Aug 13, 2026Tencent Says It Could Profit Instantly by Renting Its AI Chips Pulse story
- Aug 12, 2026Aug 12, 2026Tencent Beats on Revenue as Gaming, AI Ads Accelerate Pulse story
- Jul 6, 2026Jul 6, 2026Tencent's Hy3 Takes on GLM-5.2 at Half the Size Pulse story
- Jul 6, 2026Jul 6, 2026Tencent's Open Hy3 Model Beats GLM-5.2 at Half the Size Pulse story
- Jul 6, 2026Jul 6, 2026Tencent's Hy3 Beats GLM-5.2 at Half the Size Pulse story
- Jun 16, 2026Jun 16, 2026Invested in DeepSeek ($7.4B) Tech Startups
- Jun 16, 2026Jun 16, 2026DeepSeek's $7.4B Round Backed by Tencent, CATL and JD Pulse story
- Dec 31, 2025Dec 31, 2025First reported revenue: RMB 751.8B (~$109B) Tencent
Latest Pulse
- Oct 8, 2026Manus Raises $500M After Unwinding Meta's $2B DealManus's parent company closed the AI agent startup's first funding round as an independent company, with new backers stepping in after Chinese regulators forced Meta to abandon its roughly $2 billion acquisition.→
- Oct 6, 2026DeepSeek Set To Raise $12B War Chest Before IPODeepSeek is set to raise roughly $12 billion in a second pre-IPO round targeting a $74 billion valuation ahead of a planned Shanghai listing.→
- Oct 5, 2026Researchers Spot A Chinese AI 'Agent Fleet' At WorkIndependent researchers tracked a fleet of AI agents running on Tencent's cloud that spent a week querying Alibaba's Amap for building-entrance data at 213 places across China.→
- Oct 2, 2026Infinigence AI Files for Hong Kong IPOInfinigence AI, a Shanghai-based AI cloud orchestrator backed by Tencent and Baidu, confidentially filed for a Hong Kong IPO targeting several hundred million dollars, at a reported $2.1 billion valuation.→
- Sep 18, 2026Tsinghua Professor's Stealth LLM Startup Hits $1.4BA stealth-mode Chinese LLM startup founded in February by a Tsinghua University professor has quietly reached a $1.4 billion valuation after raising $400 million across three rounds, including from Tencent.→
- Sep 11, 2026Tencent-Backed Enflame Triples On Shanghai IPO DebutTencent-backed AI chipmaker Enflame nearly tripled on its Shanghai STAR Market debut, the latest Chinese Nvidia challenger to surge as Beijing pushes for semiconductor self-sufficiency.→
- Sep 11, 2026Tencent-Backed Enflame Triples In Shanghai IPO DebutEnflame, the last of China's four state-backed AI chipmakers to go public, raised $911 million and then saw its shares surge as much as 206% on its Shanghai STAR Market debut, without ever reporting a profit.→
- Sep 10, 2026Alibaba, Tencent Back UniPat AI At $2.5BAlibaba is leading a $300 million investment in UniPat AI, an AI model-testing and benchmarking startup founded by a former Alibaba intern, valuing the company at $2.5 billion with Tencent also participating.→
- Aug 28, 2026DeepSeek Hunts Outside Capital Before a STAR ListingDeepSeek is seeking new outside capital at a valuation reported as high as $71 billion, unable to lean on founder Liang Wenfeng's hedge fund, as it aims for a Shanghai STAR Market listing as early as Q2 2027.→
- Aug 24, 2026XPeng's Robotics Unit Raises $900M at $6.3B ValueXPeng Robotics raised over $900 million in its first external funding round, valuing the humanoid-robot unit at more than $6.3 billion, backed by IDG Capital, Alibaba and Tencent ahead of planned IRON robot mass production by year-end.→
Coverage Timeline
newest first- Oct 5, 2026AIResearchers Spot A Chinese AI 'Agent Fleet' At Work→
- Sep 11, 2026IPOTencent-Backed Enflame Triples On Shanghai IPO Debut~$912M raised in IPO→
- Sep 10, 2026FUNDINGAlibaba, Tencent Back UniPat AI At $2.5B$300M at $2.5B→
- Aug 24, 2026FUNDINGXPeng's Robotics Unit Raises $900M at $6.3B Value$900M+→
- Aug 24, 2026FUNDINGXPeng Robotics Raises $900M+ at $6.3B Valuation$900M+ at $6.3B valuation→
- Aug 19, 2026REGULATIONNvidia's H200 Chips Trickle Back Into China at 13% of Cap→
- Aug 17, 2026IPOCXMT's Rise to China's Most Valuable Firm, Explained$524B market cap→
- Aug 13, 2026BIG TECHTencent Says It Could Profit Instantly by Renting Its AI Chips~$53B quarterly AI capex→
- Aug 12, 2026BIG TECHTencent Beats on Revenue as Gaming, AI Ads Accelerate204.78B yuan revenue→
- Jul 7, 2026AIChina's Open-Weight Models Keep Closing the Gap$98B China chip self-reliance push→
- Jul 6, 2026FUNDINGSmart Glasses Maker Even Realities Hits $1B Valuation$150M at $1B valuation→
- Jul 6, 2026AITencent's Hy3 Beats GLM-5.2 at Half the Size295B model, 21B active, beats larger rival on most benchmarks→
- Jul 6, 2026AITencent's Hy3 Takes on GLM-5.2 at Half the SizeWins most benchmarks at ~50% size→
- Jul 6, 2026AITencent's Open Hy3 Model Beats GLM-5.2 at Half the SizeHalf-size open model, Apache 2.0→
- Jun 16, 2026FUNDINGDeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+$7.4B→
- Jun 16, 2026FUNDINGDeepSeek's $7.4B Round Backed by Tencent, CATL and JD$7.4B→
All Coverage
AI
Researchers Spot A Chinese AI 'Agent Fleet' At Work
Independent researchers tracked a fleet of AI agents running on Tencent's cloud that spent a week querying Alibaba's Amap for building-entrance data at 213 places across China.
DEEP DIVE
Tencent-Backed Enflame Triples On Shanghai IPO Debut
IPO~$912M raised in IPO
Tencent-Backed Enflame Triples On Shanghai IPO Debut
Tencent-backed AI chipmaker Enflame nearly tripled on its Shanghai STAR Market debut, the latest Chinese Nvidia challenger to surge as Beijing pushes for semiconductor self-sufficiency.
DEEP DIVE
Alibaba, Tencent Back UniPat AI At $2.5B
FUNDING$300M at $2.5B
Alibaba, Tencent Back UniPat AI At $2.5B
Alibaba is leading a $300 million investment in UniPat AI, an AI model-testing and benchmarking startup founded by a former Alibaba intern, valuing the company at $2.5 billion with Tencent also participating.
DEEP DIVE
XPeng's Robotics Unit Raises $900M at $6.3B Value
FUNDING$900M+
XPeng's Robotics Unit Raises $900M at $6.3B Value
XPeng Robotics raised over $900 million in its first external funding round, valuing the humanoid-robot unit at more than $6.3 billion, backed by IDG Capital, Alibaba and Tencent ahead of planned IRON robot mass production by year-end.
DEEP DIVE
XPeng Robotics Raises $900M+ at $6.3B Valuation
FUNDING$900M+ at $6.3B valuation
XPeng Robotics Raises $900M+ at $6.3B Valuation
XPeng's robotics unit raised more than $900 million at a $6.3 billion post-money valuation, the largest single-round private raise in China's embodied-AI industry, led by IDG Capital with Tencent and Alibaba as strategic backers.
DEEP DIVE
Nvidia's H200 Chips Trickle Back Into China at 13% of Cap
REGULATION
Nvidia's H200 Chips Trickle Back Into China at 13% of Cap
Nvidia H200 chips are reaching Chinese customers like ByteDance and Tencent again under a January 2026 licensing framework, but Beijing -- not Washington -- is now the one keeping volumes low.
DEEP DIVE
CXMT's Rise to China's Most Valuable Firm, Explained
IPO$524B market cap
CXMT's Rise to China's Most Valuable Firm, Explained
Memory chipmaker CXMT overtook Tencent as China's most valuable listed company just weeks after a 466% IPO debut, putting a number on how central memory chips have become to China's AI buildout.
DEEP DIVE
Tencent Says It Could Profit Instantly by Renting Its AI Chips
BIG TECH~$53B quarterly AI capex
Tencent Says It Could Profit Instantly by Renting Its AI Chips
On the same earnings call where Tencent reported an 11% revenue beat, president Martin Lau said Tencent could earn a 'decent return in an immediate timeframe' by renting its $53 billion AI hardware spend instead.
FOLLOW-UP
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
BIG TECH204.78B yuan revenue
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
Tencent posted 204.78 billion yuan in Q2 revenue, up 11% and ahead of estimates on gaming and AI-driven advertising growth, even as profit missed forecasts and the stock stayed down 26% YTD.
DEEP DIVE
China's Open-Weight Models Keep Closing the Gap
AI$98B China chip self-reliance push
China's Open-Weight Models Keep Closing the Gap
Tencent, Zhipu, Alibaba and DeepSeek are locked in an intensifying open-weight model race, backed by a domestic chip industry drawing roughly $98 billion in spending as China reduces reliance on Nvidia.
Smart Glasses Maker Even Realities Hits $1B Valuation
FUNDING$150M at $1B valuation
Smart Glasses Maker Even Realities Hits $1B Valuation
Shenzhen-based Even Realities raised $150 million led by Meituan and Tencent at a $1 billion valuation, becoming the first camera-free smart-glasses maker to sell more than 10,000 pairs.
Tencent's Hy3 Beats GLM-5.2 at Half the Size
AI295B model, 21B active, beats larger rival on most benchmarks
Tencent's Hy3 Beats GLM-5.2 at Half the Size
Tencent released Hy3, an Apache-licensed 295B open model with 21B active parameters, matching or beating GLM-5.2's roughly 744B model on most benchmarks except coding, intensifying China's open-weight model race.
Tencent's Hy3 Takes on GLM-5.2 at Half the Size
AIWins most benchmarks at ~50% size
Tencent's Hy3 Takes on GLM-5.2 at Half the Size
Tencent's Apache-licensed Hy3 model wins most benchmarks against GLM-5.2 at roughly half the parameter count, though it still trails on coding tasks, intensifying China's open-weight model race.
Tencent's Open Hy3 Model Beats GLM-5.2 at Half the Size
AIHalf-size open model, Apache 2.0
Tencent's Open Hy3 Model Beats GLM-5.2 at Half the Size
Tencent released Hy3, an Apache-licensed open-weight model roughly half the parameter count of Zhipu's GLM-5.2, claiming wins across most benchmark categories except coding tasks -- intensifying the open-model race among Chinese AI labs.
DeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+
FUNDING$7.4B
DeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+
DeepSeek closed a $7.4B round backed by Tencent, CATL, JD.com, NetEase and IDG Capital, vaulting past a $50B valuation to become China's most valuable AI startup. The raise is a direct answer to the US frontier labs and a statement that the model race is now a two-superpower contest.
DeepSeek's $7.4B Round Backed by Tencent, CATL and JD
FUNDING$7.4B
DeepSeek's $7.4B Round Backed by Tencent, CATL and JD
The largest AI financing out of China this year: $7.4B from a strategic syndicate that hands DeepSeek both capital and distribution. At a $50B+ valuation, it is now the anchor of China's frontier-model ambitions.
Value Add Research
- AI & Technology · Oct 8, 2026Manus Valuation 2026: $500M Raised, ~$4B Target
- AI & Technology · Sep 14, 2026PixVerse Valuation 2026: $2B After a $439M Series C
- AI & Technology · Aug 13, 2026$400M at $13.3B — Lovable Doubles in 8 Months
- AI & Technology · Jul 28, 2026$1.5B at $71B — DeepSeek 2027 IPO Plan
- AI & Technology · Jul 27, 2026$13.3B on $500M+ ARR — Lovable Valuation (2026)
- Market & Trends · Jul 19, 2026US-China Decoupling 2026: AI-GPU Self-Sufficiency Hits 41%
- AI & Technology · Jul 10, 202695% to 0% — Nvidia China AI Chip Export Controls
- VC & Investing · Jul 7, 2026$150M at $1B — Even Realities Smart Glasses Unicorn
Tencent FAQ
What is Tencent's market cap?
Tencent's market cap is $510.99B (As of Sep 5, 2026, companiesmarketcap.com).
Is Tencent publicly traded?
Yes. Tencent trades under the ticker 0700.HK, with a market cap of $510.99B (As of Sep 5, 2026).
Sources & methodologyshow
Where these figures come from
- Tencentprimary source1 fact
- companiesmarketcap.comresearch database1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.