Tencent Holdings, also known as Tencent, is a publicly owned company headquartered in China. Founded in 1998, it employs approximately 107,690 individuals. The company reported $92.0B in revenue as of 2024. Its main product focus is software development, functioning as a multinational holding corporation that specializes in internet value-added services such as e-commerce, online advertising, online games, and social networking. It also operates WeChat, China's top social media super app, and functions as one of the largest venture capital and investing firms globally.
Chinese AI firms are releasing or preparing to launch new models during the Spring Festival, a year after DeepSeek's previous V4 model debut, with DeepSeek itself expected to launch its next-generation V4 model soon. On February 14, 2026, Ubisoft Corporation confirmed the launch of a new regional league for its tactical shooter esports title, Rainbow Six Siege, under the CNL code, with Tencent investing to establish China as a force in the game's esports ecosystem. Also on February 14, Tencent participated in a "Hongbao War" ahead of Lunar New Year, utilizing cash rewards to drive AI app downloads amidst competition among Chinese AI firms. Earlier that day, Bernstein analysts observed that while the China Internet sector saw a "ho-hum start to 2026," AI progress remained a key driver, with Alibaba's Qwen and its agentic services supporting the company's outperformance, while Tencent lagged. This competition occurred as industry players like DeepSeek prepared to launch new models, and firms such as ByteDance and Alibaba unveiled their latest AI innovations to capture market attention during the festive season.
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Examples of Tencent Holdings's suppliers include Vizrt, Vobile and EVS Broadcast Equipment.
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Tencent Holdings currently holds 12 broadcasting rights for sports competitions including american football, ice hockey, baseball, soccer | association football, basketball, multi-sport and tennis.
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