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

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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."

 

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