Business Chief APAC+ANZ Magazine August 2020 | Page 105

TOP 10

CEO

HUA TENG MA

62,885

NUMBER OF EMPLOYEES

HQ

SHENZHEN CHINA
105

05

Tencent Holdings

TECHNOLOGY INVESTMENT

Tencent Holdings is an investment conglomerate which , since its founding in 1998 , has become one of China ’ s largest companies , the biggest video game publisher in the world , and a titan of social media and superapps . With a market cap of US $ 509.7bn , 59th spot on the Global 2000 2020 and stakes in more than 600 companies worldwide , Tencent ’ s influence on the global tech market is staggering . Tencent owns and operates WeChat , China ’ s ubiquitous instant messaging and social media leader , as well as Spotify challenger Tencent Music Entertainment . The firm was China ’ s first to cross the half-billion market cap milestone . businesschief . asia