Drake Star Report
2022 has seen 976 deals, with Microsoft’s acquisition of Activision Blizzard topping the charts
Drake Star analyses the gaming markets in its Global Gaming Industry Report
Company Profile
Tencent
Website
www.tencent.com
About
Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world.
Founded in 1998 with its headquarters in Shenzhen, China, Tencent's guiding principle is to use technology for good. Our communication and social services connect more than one billion people around the world, helping them to keep in touch with friends and family, access transportation, pay for daily necessities, and even be entertained.
Tencent also publishes some of the world's most popular video games and other high-quality digital content, enriching interactive entertainment experiences for people around the globe.
Tencent also offers a range of services such as cloud computing, advertising, FinTech, and other enterprise services to support our clients' digital transformation and business growth.
Tencent has been listed on the Stock Exchange of Hong Kong since 2004.
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Chairman & CEO
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Advisor
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+15 more
Accolades
Articles featuring Tencent
Mobile Shark, Do Do Doo
Pinkfong are releasing Baby Shark into a new environment with a new open-world game
Just when you thought it was safe to turn on your phone
Tencent Vs. Moonton
Tencent to pay $31 thousand to Bytedance subsidiary Moonton following defamation dispute
The court found in Moonton’s favour, but the legal battle continues between the two companies
Future Acquisitions
Tencent changing strategy to acquire more majority deals
The tech company is hoping to secure future growth by expanding its gaming assets
Trouble For Tencent
Tencent loses status as China’s biggest company
The company’s stock price has fallen $623 billion from its peak
Master The Pivot
Discover the top tips and tricks to bring your games to new platforms at Pocket Gamer Connects Helsinki
Master the art of bringing your game to new platforms, learn to optimise your development process and growing your company to new spaces
Logitech's Handheld Device
Logitech has announced its G cloud gaming handheld device
Logitech will launch the new device on October the 18th
New Advisor
Former PlayStation Boss Shawn Layden joins Tencent Games
Shawn Layden joins Tencent Games to offer guidance as a strategic advisor
Chinese Licenses
NetEase and Tencent subsidiary receive game approval in China
Allstar Streetball Party and Defense of Health have been approved for release
Market Dominance
1% of publishers are responsible for 91% of app revenue
The publishers also generated 79% of downloads in H1 2022
Company Culture
Ubisoft outline plans to amend company culture
The company hopes to address employee complaints, but is it enough?
Hot Five
Hot Five: September 12th. The five stories you need to know before you start your working week
The biggest stories on PocketGamer.biz in the last week
Tencent X Guillemot Bros
Tencent now owns 49.9 per cent of Guillemot Bros
The investment follows reports that Tencent was seeking majority control of Ubisoft
Layoffs
ByteDance reportedly downsizes games divisions
Hundreds of employees have reportedly been laid off as the brand refocuses
It's Super Effective!
The Pokémon Company sues six Chinese companies
The lawsuit is being filed due to copyright infringement
Best Of 2022
The Top 50 Mobile Game Makers of 2022
The movers and the shakers of the last 12 months
Hot Five
Hot Five: August 22nd. The mobile games industry's unmissable news, features and more
The HOTTEST stories on PocketGamer.biz in the last week
Big Trouble In Little China
Tencent lays of 5500 staff members
The Chinese company posted its first ever year-on-year decline in the latest quarterly report
Quarterly Report
Tencent reports first quarterly loss since first listing in 2004
The company’s revenue has decreased 3% year-on-year
Return Of Tgdc
Tencent Game Developers Conference returns for its sixth year on August 16th to 17th
Attendees can expect to see guest speakers from Supercell, USC Games, and Sumo Digital, who will share their insights into the development of the game industry
Stocks And Shares
Tencent reportedly seeking larger stake in Ubisoft
The rumoured stake raise will see Tencent become the single largest shareholder in the company
New Frontiers
Tencent is developing a handheld cloud gaming console
The device is being developed with Logitech
¥1.1 Million Fee
Shanghai tech firm fined $163,000 for unlicensed game publication
One of the country’s harshest penalties for such cases
Game Licenses
NetEase and Tencent denied licenses in China
The companies were absent from the list of 67 new game approvals
Music Meets Gaming
BLACKPINK to hold PUBG Mobile’s first in-game concert
The band will debut their new track at the event
Mid-year Review
Gaming investment reached $2.6 billion in Q1 2022
The industry continues to be a top growth sector
Rules And Regulations
Tencent confirms strict gaming restrictions for minors in China will continue
Strict regulations attributed to stagnation of growth in Chinese tech industries
The End Of An App
Tencent is closing its mobile games portal WeGame
PC version expected to remain online
Tencent Teams
Tencent expands with four new studios
TiMi J3 Studio has been split into smaller teams
Tencent Titles
Tencent Games revealed 44 products and 26 game updates at SPARK 2022
Games include League of Legends Esports Manager and Return to Empire
Hardware Happenings
Tencent rumoured to have entered hardware space with XR ambitions
Three sources suggest an extended reality business is in the works
Going Global
Honor of Kings global mobile launch confirmed for 2022
Honor of Kings is confirmed to be coming to launching globally later this year on mobile.
Cites Regulatory Crackdown
Tencent revenue growth slows to a crawl following China’s crackdown on tech companies
Net profit fell to 23.4 billion yuan in Q1 2022 – down 51 per cent year-on-year from 47.8 billion yuan
Meeting Milestones
57% of PUBG Mobile player spend comes from China
Worldwide revenue reaches beyond $8 billion
Liverpool Launch
Tencent Games’ new UK studio is based in Liverpool
Supporting development of titles for partner studios
Curtailing
Tencent shuts down Chinese gamers access to overseas games
Incoming update to network acceleration app will halt users playing foreign games and accessing foreign online servers
Towering Over
Tencent games revenue up 9.9% in 2021 to almost $33 billion
Solidifies position as largest games company worldwide by revenue
Gathering The Riffraff
Tencent provides "significant" investment to RiffRaff Games
Joshua Boggs rebrands MayDay, hires Guy 'Yug' Blomberg as studio director
Going Green
Tencent vows carbon neutrality by 2030
Will switch to 100% green energy with the next 8 years
Pg Connects London
Road to Connects London: Tencent's Aras Senyuz on the key to PUBG Mobile's localisation
Tencent's Aras Senyuz details how PUBG Mobile became a cultural and social phenomenon in Turkey
Sumo's Sold
Tencent closes acquisition of Sumo Group
Will operate under Tencent subsidiary, Tencent Bidco
Speaker Spotlight
Speaker Spotlight: Tencent’s Aras Şenyüz on PUBG Mobile’s localization strategy
Meet the experts behind localizing PUBG Mobile in Turkey at Pocket Gamer Connects London, February 14-15
Protecting Pandora
Avatar: Reckoning heading to iOS and Android in 2022
Closed beta coming soon
Getting Comfortable
PUBG Mobile takes top spot in December 2021 at $244 million
China makes up over half of all revenue for the battle royale
Roblox Retracted
Roblox removes Chinese app LuoBuLesi to rebuild
Removed from mainland app stores in December
Cheaters Come A Cropper
PUBG Mobile hackers to pay $10 million to Tencent and Krafton
Will be used to fund anti-cheat tech
Divestment
Tencent raises $3 billion from sale of Sea Group shares
Remains majority shareholder
A New Direction
Aaron Astle's 2021 Mobile Game of the Year: Pokémon Unite
A new spin on a popular franchise is staff writer Aaron Astle's Game of the Year 2021
Featureful
PocketGamer.biz’s top five biggest features of 2021
Our most-viewed features, opinion pieces, and interviews
Power Restored
Tencent has app capabilities reinstated following ban
App updates spotted on App Store