Company intelligence

Tencent

As of September 5, 2026, Tencent had a market capitalization of $510.99B (companiesmarketcap.com). Its most recent revenue figure is RMB 751.8B (~$109B), reported by Tencent, December 2025.

Chinese multinational technology conglomerate operating WeChat, gaming (Tencent Games), fintech, cloud, and advertising businesses.

InternetPublic · 0700.HKShenzhen, Guangdong, ChinaFounded 1998Founders: Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, Zeng LiqingPublic companyWebsite ↗See connections →
Last verified Sep 5, 2026

Tencent at a glance

As of
Market cap
$510.99B[1]
September 2026
Revenue
RMB 751.8B (~$109B)[2]
December 2025
Founded
1998[3]
Headquarters
Shenzhen, Guangdong, China[4]
  1. [1] Market cap: companiesmarketcap.com, September 5, 2026
  2. [2] Revenue: Tencent, December 31, 2025
  3. [3] Founded: Wikipedia (retrieved September 5, 2026)
  4. [4] Headquarters: Wikipedia (retrieved September 5, 2026)

What Tencent does

Tencent operates the WeChat and QQ online platforms.[1] Its defining venture deal came in 2001, when South African media group Naspers invested $32 million in the company.[1] In the second quarter of 2026, Tencent's total revenues were RMB204.8 billion, up 11% from a year earlier.[2],[3] Gross profit rose 13% to RMB118.4 billion.[2] Capital expenditure jumped 176% to RMB52.8 billion in the quarter.[2] The spending pushed free cash flow negative, at minus RMB13.8 billion, for the quarter.[2] Tencent said its operating cash flow included large AI-related prepayments for infrastructure supporting its Hy models.[2]

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Company Snapshot

Tencent is an internet company, based in Shenzhen, Guangdong, China, founded 1998 by Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, Zeng Liqing.

Recent changes

  1. Nov 8, 2026Invested in T-Therapeutics (Series B, $133M) Pulse 2.0
  2. Oct 30, 2026Invested in Stairmed (late-stage, $192.5M) Dealroom
  3. Oct 22, 2026Follow-on: Invested in DeepSeek (~$15B) TechCrunch
  4. Oct 8, 2026Invested in Manus ($500M+) SiliconANGLE
  5. Sep 11, 2026Tencent-Backed Enflame Triples On Shanghai IPO Debut Pulse story
Earlier changes (14)
  1. Sep 11, 2026Tencent-Backed Enflame Triples In Shanghai IPO Debut Pulse story
  2. Sep 10, 2026Invested in UniPat AI ($300M) Bloomberg
  3. Sep 10, 2026Alibaba, Tencent Back UniPat AI At $2.5B Pulse story
  4. Sep 5, 2026First reported market cap: $510.99B companiesmarketcap.com
  5. Aug 24, 2026Invested in Xpeng Robotics ($900M) Electrek
  6. Aug 13, 2026Tencent Says It Could Profit Instantly by Renting Its AI Chips Pulse story
  7. Aug 12, 2026Invested in Lovable (Series C, $400M) TechCrunch
  8. Aug 12, 2026Tencent Beats on Revenue as Gaming, AI Ads Accelerate Pulse story
  9. Jul 6, 2026Tencent's Hy3 Takes on GLM-5.2 at Half the Size Pulse story
  10. Jul 6, 2026Tencent's Open Hy3 Model Beats GLM-5.2 at Half the Size Pulse story
  11. Jul 6, 2026Tencent's Hy3 Beats GLM-5.2 at Half the Size Pulse story
  12. Jun 16, 2026Invested in DeepSeek ($7.4B) Tech Startups
  13. Jun 16, 2026DeepSeek's $7.4B Round Backed by Tencent, CATL and JD Pulse story
  14. Dec 31, 2025First reported revenue: RMB 751.8B (~$109B) Tencent

Investors and their roles

  • Tencent is also a major startup investor: in August 2026 it was among the investors that bought AI-agent startup Manus back from Meta for $2 billion, according to Caixin.[4],[3]

Latest Pulse

  1. T-Therapeutics Raises $133M Series B For Cancer, Autoimmune TCRsT-Therapeutics raised $133 million in an oversubscribed Series B to advance two first-in-class TCR-based therapies for cancer and autoimmune disease toward early clinical trials.→
  2. Stairmed Raises $192.5M, Claims More Implants Than NeuralinkShanghai implant maker Stairmed raised about $192.5 million in a late-stage round backed by Tencent and Alibaba, and says it has placed 42 long-term brain-computer implants versus Neuralink's 27.→
  3. DeepSeek Raises $15B Days After US RestrictionsDeepSeek has raised about $15 billion (100 billion yuan) in a new round, Bloomberg reported, two days after the US ordered federal agencies to remove its technology.→
  4. Manus 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.→
  5. DeepSeek 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.→
  6. Researchers 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.→
  7. Infinigence 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.→
  8. Tsinghua 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.→
  9. Tencent-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.→
  10. Tencent-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.→
All 35 stories →

Coverage Timeline

newest first
  1. Oct 5, 2026AIResearchers Spot A Chinese AI 'Agent Fleet' At Work→
  2. Sep 11, 2026IPOTencent-Backed Enflame Triples On Shanghai IPO Debut~$912M raised in IPO→
  3. Sep 10, 2026FUNDINGAlibaba, Tencent Back UniPat AI At $2.5B$300M at $2.5B→
  4. Aug 24, 2026FUNDINGXPeng's Robotics Unit Raises $900M at $6.3B Value$900M+→
  5. Aug 24, 2026FUNDINGXPeng Robotics Raises $900M+ at $6.3B Valuation$900M+ at $6.3B valuation→
  6. Aug 19, 2026REGULATIONNvidia's H200 Chips Trickle Back Into China at 13% of Cap→
  7. Aug 17, 2026IPOCXMT's Rise to China's Most Valuable Firm, Explained$524B market cap→
  8. Aug 13, 2026BIG TECHTencent Says It Could Profit Instantly by Renting Its AI Chips~$53B quarterly AI capex→
  9. Aug 12, 2026BIG TECHTencent Beats on Revenue as Gaming, AI Ads Accelerate204.78B yuan revenue→
  10. Jul 7, 2026AIChina's Open-Weight Models Keep Closing the Gap$98B China chip self-reliance push→
  11. Jul 6, 2026FUNDINGSmart Glasses Maker Even Realities Hits $1B Valuation$150M at $1B valuation→
  12. Jul 6, 2026AITencent's Hy3 Beats GLM-5.2 at Half the Size295B model, 21B active, beats larger rival on most benchmarks→
  13. Jul 6, 2026AITencent's Hy3 Takes on GLM-5.2 at Half the SizeWins most benchmarks at ~50% size→
  14. Jul 6, 2026AITencent's Open Hy3 Model Beats GLM-5.2 at Half the SizeHalf-size open model, Apache 2.0→
  15. Jun 16, 2026FUNDINGDeepSeek Raises $7.4B -- Becomes China's Most Valuable AI Startup at $50B+$7.4B→
  16. Jun 16, 2026FUNDINGDeepSeek's $7.4B Round Backed by Tencent, CATL and JD$7.4B→

All Coverage

12 most recent shown — all 16 stories are in the timeline above
AI
Researchers Spot A Chinese AI 'Agent Fleet' At Work
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
IPO
Tencent-Backed Enflame Triples On Shanghai IPO Debut
Illustration for: 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
FUNDING
Alibaba, Tencent Back UniPat AI At $2.5B
Illustration for: 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
FUNDING
XPeng's Robotics Unit Raises $900M at $6.3B Value
Illustration for: 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
FUNDING
XPeng Robotics Raises $900M+ at $6.3B Valuation
Illustration for: 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
REGULATION
Nvidia's H200 Chips Trickle Back Into China at 13% of Cap
Illustration for: 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
IPO
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
BIG TECH
Tencent Says It Could Profit Instantly by Renting Its AI Chips
Illustration for: 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
BIG TECH
Tencent Beats on Revenue as Gaming, AI Ads Accelerate
Illustration for: 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
AI
China's Open-Weight Models Keep Closing the Gap
Illustration for: 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.

FUNDING
Smart Glasses Maker Even Realities Hits $1B Valuation
Illustration for: 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.

AI
Tencent's Hy3 Beats GLM-5.2 at Half the Size
Illustration for: 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.

Value Add Research

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Tencent FAQ

What does Tencent do?

Tencent operates the WeChat and QQ online platforms.[1]

What is Tencent's market cap?

Tencent's market capitalization was $510.99B as of September 5, 2026, according to companiesmarketcap.com.

What is Tencent's revenue?

Tencent's most recent revenue figure is RMB 751.8B (~$109B), reported by Tencent, December 2025.

Is Tencent publicly traded?

Yes. Tencent trades under the ticker 0700.HK, with a market cap of $510.99B (September 5, 2026, companiesmarketcap.com).

When was Tencent founded and where is it based?

Tencent was founded in 1998 and is headquartered in Shenzhen, Guangdong, China, according to Wikipedia.

References

researched 2026-10-24
  1. Yahoo Finance
  2. Yahoo Finance
  3. companiesmarketcap.com
  4. caixinglobal.com
Sources & methodologyshow
Where these figures come from

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.

How we verify data ·