Tencent Cloud, a privately owned enterprise cloud provider founded in 2013 and headquartered in China, employs approximately 8,000 people. In 2023, the company reported revenues exceeding $1 billion. Its services encompass a broad range of cloud computing solutions, including content delivery networks (CDNs), and cater to diverse industry sectors, primarily within the Chinese market.
Tencent Cloud announced a $150 million investment to establish its first Middle East cloud region in Riyadh, Saudi Arabia, aiming to make the Kingdom its primary hub for the region. This was revealed at the Tencent Global Digital Ecosystem Summit 2025 in Shenzhen. On September 16-17, 2025, the company held the Tencent Global Digital Ecosystem Conference, where Tencent Cloud outlined its strategic focus on building "intelligent" and "globalization" engines. Also at the summit, Tencent Cloud International signed a Memorandum of Understanding (MOU) with StoneLink Limited to collaborate on compliant digital infrastructure and related technology services. Separately, Tencent Cloud integrated its AI assistant, Tencent Yuanbao, into WeChat official account and video channel comment sections, expanding its previous integration into WeChat friend lists. Finally, a strategic partnership formed between Tencent Cloud and EIR Technology will focus on cloud computing applications and solutions for healthcare and eldercare.
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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 2024. 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 technology, Information and Internet and media and TV services companies. Examples of Tencent Cloud's customers include Joyy, TribunNews and Vidio.
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