How Tencent Became China's Most Valuable Company

Tencent, founded in 1998, quickly became profitable and expanded its user base significantly by its 2004 IPO. The introduction of WeChat, coinciding with smartphone adoption, propelled Tencent to over 1.2 billion users. The company's shares have surged, and it has invested heavily in over 800 companies, many achieving unicorn status. However, increased regulatory scrutiny in China poses challenges to its expansion. Despite this, analysts remain optimistic about Tencent's future.

What year was Tencent founded?

• 2000

• 2010

• 1998

• 2004

What was a major turning point for Tencent's growth?

• IPO in 2004

• Acquisition of Meituan

• Introduction of QQ

• Launch of WeChat

How much did Tencent's revenues grow by the third quarter of 2020?

• 200 times

• 300 times

• 400 times

• 500 times

How many companies has Tencent invested in?

• Over 1000

• Over 800

• Over 500

• Over 200

What is the combined worth of Tencent-backed companies?

• $750 billion

• $850 billion

• $950 billion

• $650 billion