Tencent Holdings, also known as Tencent, is a publicly owned corporation headquartered in China. Founded in 1998, with an estimated 107,690 employees, the company reported $101.9B in revenue as of 2025. Primarily engaged in software development, the company specializes in internet value-added services such as e-commerce, online advertising, online games, and social networking. It operates WeChat, a social media super app, and functions as a significant venture capital and investing firm.
The IMDA and Tencent launched "Beyond the Screen" on May 2, 2026, formalizing an agreement to promote healthy digital habits and responsible use of technology among youths, parents, and families. This followed Tencent's move on May 1, 2026, to open-source its compact AI translation model, Hy-MT1.5-1.8B-1.25bit. The company states this model can operate offline on smartphones, supporting 33 languages and five dialects across 1056 translation directions, and has achieved 30 championships in international machine translation competitions. Also on May 1, The Hong Kong and China Gas Company Limited (Towngas) and Tencent formed a strategic partnership in Hong Kong to advance "Energy + Tech" smart digital transformation, with plans for collaboration on unified cloud resource management, digital platform development, large artificial intelligence models, customer engagement, and R&D tool synergy. Earlier that day, Tencent Cloud received two 2026 NAB Show Product of the Year Awards for its media industry solutions.
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Examples of Tencent Holdings's suppliers include Vobile, EVS Broadcast Equipment and Vizrt.
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Tencent Holdings currently holds 12 broadcasting rights for sports competitions including american football, ice hockey, baseball, soccer | association football, tennis, multi-sport and basketball.
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