tencent History Timeline and Biographies

Tencent is a Chinese multinational conglomerate holding company founded in 1998, known for its diverse range of internet-related services and products, including social media, gaming, and digital payments. With its flagship product, WeChat, Tencent has become one of the largest technology companies in the world, playing a significant role in the digital transformation of China and beyond. The company's innovative approach has led to its expansion into various sectors, making it a key player in the global tech industry.

Creation Time:2024-08-02

1998

Foundation of Tencent

Tencent was founded in November 1998 by Ma Huateng and his team in Shenzhen, China. Initially, the company focused on developing instant messaging software, launching its first product, OICQ, which later evolved into QQ, a popular messaging platform in China.
2000

Launch of QQ and Initial Public Offering

In 2000, Tencent officially launched QQ, which quickly gained popularity among Chinese internet users. The same year, Tencent went public on the Hong Kong Stock Exchange, raising significant capital to fuel its growth and expansion in the internet sector.
2003

Introduction of QQ Games

Tencent expanded its services by launching QQ Games in 2003, allowing users to play online games directly through the QQ platform. This move marked Tencent's entry into the gaming industry, which would become one of its most profitable sectors.
2004

Launch of Tencent's Online Payment System

In 2004, Tencent introduced its online payment service, Tenpay, allowing users to conduct transactions securely on the internet. This service laid the groundwork for Tencent's later ventures into e-commerce and digital finance.
2005

Acquisition of Tencent's First Gaming Company

In 2005, Tencent acquired its first gaming company, which marked the beginning of its aggressive expansion in the gaming industry. This acquisition enabled Tencent to develop and publish a variety of popular online games, solidifying its position as a gaming giant.
2011

Launch of WeChat

In 2011, Tencent launched WeChat, a multi-purpose messaging, social media, and mobile payment app. WeChat quickly gained millions of users and became an integral part of daily life in China, revolutionizing how people communicate and interact online.
2013

Expansion into Social Media and Content Services

Tencent expanded its services to include social media and content platforms, launching WeChat's Moments feature, which allowed users to share photos and updates with friends. This innovation further enhanced user engagement on the platform.
2015

Investment in International Gaming Companies

In 2015, Tencent began investing in international gaming companies, acquiring stakes in companies like Supercell and Riot Games. This strategy helped Tencent strengthen its global presence in the gaming industry and diversify its portfolio.
2017

Launch of WeChat Mini Programs

Tencent introduced WeChat Mini Programs in 2017, allowing third-party developers to create lightweight applications within the WeChat ecosystem. This innovation transformed WeChat into a versatile platform for e-commerce, services, and entertainment.
2018

Expansion of Tencent Cloud Services

In 2018, Tencent expanded its cloud computing services, positioning Tencent Cloud as a leading player in the cloud market. The company focused on providing comprehensive cloud solutions to businesses, enhancing its technological capabilities.
2019

Launch of Tencent's Video Streaming Platform

Tencent launched its video streaming platform, Tencent Video, which quickly became one of the top streaming services in China. The platform offers a wide range of content, including movies, TV shows, and original programming.
2020

Tencent's Role in COVID-19 Response

During the COVID-19 pandemic in 2020, Tencent played a vital role in providing digital services for remote work and education. WeChat and Tencent Meeting became essential tools for communication and collaboration during lockdowns.
2021

Tencent's Commitment to Sustainability

In 2021, Tencent announced its commitment to sustainability, setting goals to reduce carbon emissions and promote environmental responsibility. The company aims to leverage its technology to support sustainable development initiatives.
2022

Expansion of Gaming Portfolio with New Titles

In 2022, Tencent continued to expand its gaming portfolio by launching several new titles and acquiring additional stakes in prominent gaming studios, further solidifying its position as a global leader in the gaming industry.
2023

Introduction of AI-Powered Features in WeChat

In 2023, Tencent introduced AI-powered features in WeChat, enhancing user experience and engagement. These features included intelligent chatbots and personalized content recommendations, showcasing Tencent's commitment to innovation.
2024

Continued Growth and Global Expansion

As of 2024, Tencent continues to grow and expand its global footprint, exploring new markets and technologies. The company remains a pivotal player in the tech industry, with a diverse portfolio spanning social media, gaming, cloud services, and more.
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