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Tencent Holdings Ltd. is a leading global technology[2] conglomerate based in Shenzhen, China. Its major operations cover various sectors including social networks, multimedia, e-commerce, and online gaming. Some of its well-known services are QQ, WeChat[4], and Tencent Music. As a significant player in the video game[3] industry, it owns the world’s largest video game vendor. Tencent is also recognized for its robust investment strategy, holding stakes in over 600 companies worldwide. The company has shown impressive growth since its establishment in 1998, with its market value crossing $500 billion in 2018. Despite facing regulatory challenges, Tencent continues to innovate and expand its portfolio, making strategic investments across diverse industries like healthcare, insurance, and virtual reality[1].

Terms definitions
1. ↑ virtual reality. Virtual reality, often abbreviated as VR, is a technology that simulates a user's physical presence in a digital environment. Originating as a term in the mid-1400s, the concept of VR has evolved significantly, with notable milestones including the development of the first head-mounted display and the Sensorama. Technological advancements over time have allowed VR to expand from medical and military applications to consumer use. Today, VR is widely employed across multiple industries such as healthcare, architecture, education, and entertainment. Despite facing challenges such as the closure of research labs and hardware development struggles, the field has seen significant innovations. Key aspects in VR technology include display resolution, image latency, and field of view, all crucial in creating immersive experiences. Various tools and technologies, like Virtual Reality Modelling Language (VRML), WebVR, and photogrammetry, are used to develop VR experiences. Hardware considerations for VR production often involve high frame rates, smartphone-based displays, and omnidirectional cameras.
2. ↑ technology. Technology, derived from the Greek words meaning craft and knowledge, is a broad term that refers to the tools, machines, and systems developed by humans to solve problems or fulfill objectives. Originating with primitive tools like stone axes and the discovery of fire, technology has evolved significantly throughout human history. It has been instrumental in different eras, from the invention of the wheel and advanced irrigation systems in ancient civilizations to the birth of universities and printing press during the medieval and Renaissance periods. The Industrial Revolution in the 18th century marked a significant shift in mass production and innovation, giving rise to modern technologies like electricity, automobiles, and digital communication platforms. Today, technology is integral to various aspects of life and society, driving economic growth and societal change, while also raising concerns about security, privacy, and environmental impacts. The future of technology is expected to bring even more advancements, with the rise of artificial intelligence predicted to have significant implications for the job market.
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Tencent (Wikipedia)

Tencent Holdings Ltd. (Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games.

Tencent Holdings Ltd.
Native name
腾讯控股有限公司
Company typePublic
ISINKYG875721634
IndustryConglomerate
Founded11 November 1998; 25 years ago (1998-11-11)
Founders
HeadquartersTencent Binhai Mansion, Nanshan District, Shenzhen, Guangdong, China
Key people
Products
RevenueDecrease CN¥554.552 billion (US$77.99 billion) (2022)
Decrease CN¥235.706 billion (US$33.15 billion) (2022)
Decrease CN¥188.709 billion (US$26.54 billion) (2022)
Total assetsDecrease CN¥1.578 trillion (US$221.94 billion) (2022)
Total equityDecrease CN¥782.860 billion (US$110.10 billion) (2022)
Owners
Number of employees
112,771 (2021)
Divisions
SubsidiariesSee § Foreign studio assets for game studios Subsidiaries
ASN
  • 132203
Websitetencent.com
Tencent
"Tencent" in Simplified (top) and Traditional (bottom) Chinese characters
Simplified Chinese腾讯
Traditional Chinese騰訊
Tencent Holdings, Ltd.
Simplified Chinese腾讯控股有限公司
Traditional Chinese騰訊控股有限公司

Founded in 1998, its subsidiaries globally market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology. Its twin-skyscraper headquarters, Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in the Nanshan District of Shenzhen.

Tencent is the world's largest video game vendor, as well as one of the largest companies in the world by market capitalization. It is among the largest social media, venture capital, and investment corporations. Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games. It operates the instant messengers Tencent QQ and WeChat, and QQ.com. It also owns Tencent Music.

The company surpassed a market value of US$500 billion in 2018, becoming the first Asian technology company to cross this valuation mark. It has since then emerged as the most valuable publicly traded company in China, and is the world's tenth most valuable company by market value as of February 2022. In 2015, 2018, and 2020, the company was ranked by the Boston Consulting Group and Fast Company among the 50 most innovative companies worldwide. Tencent has stakes in over 600 companies, and began focusing on tech start-ups in Asia in 2017. TechCrunch characterized Tencent's investment strategy as letting its portfolio startups operate autonomously. Tencent's valuation approached US$1 trillion in January 2021 before it plummeted. Tencent Holdings was ranked 35th on Forbes Global 2000 2023 list.

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