In 2017, Fortune ranked him as among the top businessmen of the year. He reportedly earned $176 per month. Also Read: List of Indian Companies backed by Chinese investors. "We knew our product had a future, but at that time we just couldn't afford it," Ma remembered. TechNode", Tencent to Build 3000-person Search Army to Power Search Engine, "Soso.com Traffic, Demographics and Competitors - Alexa", What Valley Companies Should Know about Tencent, Products & Services > Instant Messaging Service, "配合腾讯微博公测 QQ2010 Beta3试用版发布-QQ,2010,beta,微博 ——快科技(原驱动之家)--全球最新科技资讯专业发布平台", "Australian Juwai.com and Chinese tech giant Tencent launch new property website", "China's Tencent is quietly testing a "social credit score" based on people's online behavior", "How Tencent's medical ecosystem is shaping the future of China's healthcare", "Tencent to merge Doctorwork with Trusted Doctors", "Tencent Establishes Insurance Platform WeSure Through WeChat and QQ", "Tencent poised to launch virtual reality headset", "Tencent to develop cloud game platform with Huawei", "A relay for life protection from Shenzhen to Boston - Xinhua Net", "Tencent to invest US$70 billion in new digital infrastructure", "China's Tencent Plays Master Builder as Tech Firm Plans 'Net City, "Tencent is building a Monaco-sized 'city of the future' in Shenzhen", "Tencent Shows Off High Tech Shenzhen Headquarters". [29], Talking about the founding of Tencent, he told China Daily in a 2009 interview that “If I have seen further, it is by standing on the shoulders of giants,” paraphrasing a quote attributed to Isaac Newton and referencing the similarities between ICQ and OICQ. [28] The product quickly became popular and garnered more than a million registered users by the end of 1999, making it one of the largest such services in China. Ma Huateng, along with his classmates from Shenzhen University, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing founded Tencent. This is evident from the fact that more than 50% of Tencent’s total staff belong to the R&D department! research reports and start events. [29], At Ma's behest, Tencent launched in 2005 the C2C platform Paipai.com (拍拍网), a direct competitor to e-commerce giant Alibaba. [36] However Forbes has not decreased his net worth as the shares are still listed under his name. Apart from this, the company is working towards improvising its every possible sector, especially in gaming and e-commerce. Tencent - Funding & Investors While the Govt of India is banning China made apps, and products, and we the people of India have started to apply the philosophy of 'Chini Kam' (i.e the philosophy of less to no Chinese goods) in our lives, more we have started to realize that there are indeed many Indian companies that have received investments from Chinese companies. ", https://en.wikipedia.org/w/index.php?title=Ma_Huateng&oldid=979397750, Creative Commons Attribution-ShareAlike License, This page was last edited on 20 September 2020, at 14:21. "semrush" "site audit" or seo -resume -job, Advertising, Gaming, Social Media Marketing, Ma Huateng, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing. Products and Services. Tencent CEO Ma Huateng, also known as Pony Ma, started out making $176 a month and now has a net worth of $45 billion. The company also earns online transaction free from its payment service ' WeChat Pay'. [35], In 2016, Ma transferred US$2.3 billion worth of his personal Tencent shares to his charitable foundation, the Ma Huateng Global Foundation (马化腾环球基金会). The top competitors of Tencent are the Alibaba Group, Sina, NetEase, Baidu, Unix CCTV, and Sohu. Tencent - Revenue Model [30], After AOL (America Online) bought ICQ in 1998, the company filed an arbitration against Tencent with the National Arbitration Forum in the United States, claiming that OICQ's domain names OICQ.com and OICQ.net were in violation of ICQ's trademark. Otherwise it might lead to hearsay, libel and argument among citizens - not to mention between countries. Want To Start An Aluminium Business? [19] On 21 November 2017, his estimated net worth briefly surpassed that of Larry Page and Sergey Brin (individually) ranking him the ninth richest man in the world at the time, and the first citizen from China to enter Forbes' top 10 richest men list.
[5], Speaking of censorship at a tech conference in Singapore, Ma was quoted as saying "In terms of information security management, online companies from any country must abide by a defined set of criteria, and act responsibly. The logo of the company contains both the English and Chinese font of the name ‘Tencent’. In 2000, Ma turned to US investment firm IDC and Hong Kong's telecom carrier Pacific Century CyberWorks (PCCW) who bought 40 percent of Tencent's shares for US$2.2 million. He is the founder, chairman and chief executive officer of Tencent, Asia's most valuable company, one of the largest Internet and technology companies, and the biggest investment, gaming and entertainment conglomerates in the world. Tencent, which started off in 1998 and launched its first product (a PC based instant messaging service) in 1999, has today grown into a much well known and profit making conglomerate.
Named as one of the world's most influential and powerful person, and as a top businessman by many organizations, Tencent founder and CEO Ma Huateng, has also been declared as China's richest man (as of June 2020) by Forbes. Ma has been closely compared to American investor Warren Buffett for their similar investment philosophies, and often described as an "aggressive acquisitor". Tencent continues to lead the global market with its diligent network and growing technology. Tencent has announced its plan of building a ‘Net City’ in Shenzhen. Tencent lost the case and had to relinquish the domain names.
Besides Tencent, Zeng also co-founded Taomee Holdings Ltd ( a company producing children's entertainment products) and Shenzhen Dexun Investment Co., Ltd. Tencent is committed to developing new innovations which provide value to people’s lives. Also, in 2005, online payment system 'TenPay' was launched by Tencent. A recent report lists 92 major Indian startups that has received funding from Chinese companies. [40], Last edited on 20 September 2020, at 14:21, "Pony Ma, the global strategist with deep pockets", "Tencent posts 69 percent jump in quarterly net profit; becomes the most valuable company in Asia", Investing in China: The Emerging Venture Capital Industry, "The 100 Most Influential People in the World", Biographical Dictionary of New Chinese Entrepreneurs and Business Leaders, Pg. With minimum of four globally owned enterprises, and hundreds of subsidiaries and associates in various industries, Tencent has its presence across various business verticals including retail, e-commerce, search engine, real estate, video gaming, software, virtual reality, ride sharing, banking & financial services, fintech, consumer electronics, computer technology, automobile, movie ticketing, film production, music production, space technology, natural resources, big data, smart phones, agriculture, medical services, cloud computing, social media, IT, advertising, streaming media, AI, robotics, food delivery, courier services, e-book, education, renewable energy etc. And William Ding, who heads multimedia giant and Tencent’s biggest gaming competitor NetEase, ranks 10th. [12][13][14][15][16][17][18], As of September 2020, he is China's richest man, surpassing Jack Ma, with a net worth of US$59.9 billion according to Forbes. While QQ was earlier available for PC only, in 2005, QQ for mobile was also launched by Tencent. Connect with us to share your opinions and learnings with fellow In 2011, Tencent entered the social media app market with 'Weixin' ( Now known as WeChat). Born on 29th October 1971, Huateng is a B Sc in computer science by education.
Prior to Tencent, Zeng worked as Manager in the Shenzhen Branch of China Telecom Corporation Limited from 1993 to 1999. Currently Zeng Liqing is the Advisor Emeritus of Tencent.
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