Tencent Cloud, founded in 2013 and headquartered in China, is a privately owned cloud provider with over 8,000 employees. It offers a wide range of cloud solutions, including Content Delivery Network (CDN), suitable for various industries. As of 2022, its revenue exceeded $1 billion.
Tencent Cloud, the cloud business of Tencent, announced its commitment to South Korea's digital transformation. The company partnered with Cathedral Studios at Gamescom 2024 in Cologne to enhance the user experience of the studio's first PC action-horror FPS game. Additionally, Tencent Cloud Europe, a shareholder in PB Fintech Ltd, the parent entity of Policybazaar, is reportedly looking to sell a 2.1 percent stake in the company for Rs 1610 crore. In other news, Alto Cloud, powered by Tencent Cloud, entered the Malaysian market as a full-service cloud solutions provider.
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Tencent Cloud offers products in the connectivity and cloud industry. Tencent Cloud's product portfolio comprises of enterprise cloud.
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Tencent Cloud's revenues were over $1B in 2023. Caretta Research has split Tencent Cloud's revenue into 2 different product categories, the largest of which is enterprise cloud storage. For full access to Tencent Cloud's revenue breakdown subscribe to Caretta Portal.
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Tencent Cloud's customers primarily consist of streaming services companies. Examples of Tencent Cloud's customers include TribunNews, Moomoo Technologies and Joyy.
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