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The Chinese digital powerhouse

Tencent is a Chinese multinational conglomerate that specializes in various internet-related services and products. The company was founded in 1998 and is headquartered in Shenzhen, China. Tencent's business model centers around offering a diverse range of digital products and services to its users, including social networking, gaming, ecommerce, music streaming, online payments, and cloud computing. The company's revenue is generated through various channels, such as advertising, in-game purchases, and subscription services.

One app to rule them all

Tencent is mostly known for its messaging app WeChat, which is the largest social media platform in China. WeChat offers a variety of features, including instant messaging, voice and video calls, mobile payments, and social networking. The app has over 1 billion monthly active users and is considered a "super app" in China, meaning it serves as a one-stop-shop for users' daily needs, such as messaging, shopping, and ordering food. Almost the whole Chinese population that is connected to the internet is using WeChat.

One of the largest gaming companies in the world

Tencent is also a major player in the gaming industry alongside other giants such as Activision Blizzard and Microsoft, with popular games such as Honor of Kings and PUBG Mobile. The company's gaming division is one of the largest in the world and generates a significant portion of Tencent's revenue.

In addition to its digital products and services, Tencent also invests heavily in other companies, both in China and internationally. The company has invested in various tech startups and established companies in industries such as ecommerce, fintech, and digital entertainment.