Tencent

Tencent Holdings Limited (HKEX: 00700) is a world-leading Chinese internet and technology company founded in 1998 and headquartered in Shenzhen. The company develops innovative products and services to improve people's quality of life globally. Tencent's communication and social platforms, including WeChat and QQ, connect over 1 billion users worldwide. The company went public on the Hong Kong Stock Exchange in 2004.

Tencent's key products and services include:

• Social media and messaging: WeChat, QQ

• Online gaming: Tencent Games, stakes in Riot Games, Epic Games, Supercell

• Digital content: Tencent Video, Tencent Music, China Literature

• Fintech and business services: WeChat Pay, Tencent Cloud

• Advertising technology

• Artificial intelligence: Tencent Hunyuan AI model

Tencent reported total revenues of RMB609.0 billion (USD86.0 billion) in 2023, up 10% year-over-year. The company's international games business saw strong growth, contributing 30% of total games revenue. Tencent has been expanding its cloud computing and AI capabilities, launching its proprietary Hunyuan foundation model in 2023. The company aims to leverage AI as a "growth multiplier" across its businesses. Tencent also increased its annual dividend by 42% and plans to more than double share repurchases to over HKD100 billion in 2024.