What is Tencent? The $69 billion Chinese behemoth that owns WeChat - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Tencent and its hyper-popular messaging app WeChat have become Trump's latest target. Here's how the company became a $69 billion behemoth that has a stake in everything from 'Fortnite' to Hollywood blockbusters.

Tencent has a hand in everything from entertainment to financial services to comics. But perhaps its most powerful tool is WeChat.While WeChat began as a messaging app, it's evolved into much more than that.

The app also collects a substantial amount of information from its users, including their face and voice,In recent years, Tencent has become the world's largest video game company through its tactic of investing in or outright buying up major game makers. Tencent also owns a 40% stake in Epic Games, the North Carolina-based company behind "Fortnite," the Epic Games Store, and Unreal Engine, the software suite that powers a huge portion of gaming. And it owns the majority of Supercell, the Finnish mobile gaming powerhouse behind "Clash of Clans," "Clash Royale," and "Brawl Stars."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Everything Trump touches dies. He is killing all life on Earth. Shouldn't we fight back for our own survival?

Tax ‘em

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside Meghan Markle and Prince Harry's new life in Los Angeles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Harry has rejected the traditional role of Court Buffoon which the courtiers and press have forced onto “spares” in the past. William will have to earn his respect without a manufactured “foil”. And who cares? We're so beyond, 'lifestyles of the rich and kinda famous.'
Source: BusinessInsider - 🏆 729. / 51 Read more »

Inside story: Humana's $100 million bet on telehealth startup Heal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Trump Signs Executive Order Targeting TikTok's Chinese Parent CompanyWeChat, the messaging app owned by Chinese tech giant Tencent, is also targeted in a separate executive order Not only tiktok tencent games and others companys for gaming will be banned e sports in eeuu gonna be killed It will 'go away' in November America, just hold on... Inching closer to FASCISM.
Source: RollingStone - 🏆 483. / 51 Read more »