Tencent Holdings, also known as Tencent, is a publicly owned corporation headquartered in China. Founded in 1998 with an estimated 107,690 employees, the company reported $101.9B in revenue as of 2025. Tencent specializes in software development and internet value-added services, including e-commerce, online advertising, online games, and social networking. It operates WeChat, a social media super app, and functions as a venture capital and investing firm.
On October 9, Tencent Cloud's TencentDB Agent Memory open-source project announced support for DeepSeek Harness, a development from the Tencent Cloud Database Team aimed at improving knowledge retention from AI agent tasks. Earlier the same day, a Media Partners Asia report revealed that Tencent Holdings Ltd., alongside streaming services such as Netflix, now accounts for 50% of the approximately $5.7 billion in regional sports rights fees across Asia, an increase from about 36% in 2021, underscoring digital services' impact on traditional media. Previously, on October 8, Tencent considered an offshore bond sale of up to $5 billion to fund its expanding investments in artificial intelligence (AI) and computing infrastructure.
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Examples of Tencent Holdings's suppliers include Vizrt, EVS Broadcast Equipment and WSC Sports.
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Tencent Holdings currently holds 13 broadcasting rights for sports competitions including baseball, american football, ice hockey, soccer | association football, tennis, basketball and multi-sport.
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