China's Tencent Has Quietly Become the World's Largest Video Game Company

  • 2 years ago
China's
Tencent , Has Quietly Become
the World's Largest , Video Game
Company.
Tech giant Tencent is everywhere in China, but it has yet to become a household name in the West. .
Tencent owns China's most popular
messaging app, WeChat, which boasts
over 1.2 billion monthly active users. .
Tencent owns China's most popular
messaging app, WeChat, which boasts
over 1.2 billion monthly active users. .
Tencent also created QQ.com, which
is one of China's largest web portals and
the fourth-most visited website in the world. .
Tencent also created QQ.com, which
is one of China's largest web portals and
the fourth-most visited website in the world. .
Tencent Music, which owns
the majority of China's music
services, has over 841 million users. .
Polygon reports that Tencent has also become
the biggest game company in the world. .
According to Polygon,
Tencent has been acquiring
international game studios since 2011. .
The company, one of the world's
largest tech conglomerates,
also has plans to build a metaverse. .
The company's CEO, Pony Ma Hautang, said that
Tencent's vision of the metaverse is a gamified social
media experience mixed with a real world experience
supplemented by augmented and virtual reality. .
The company's CEO, Pony Ma Hautang, said that
Tencent's vision of the metaverse is a gamified social
media experience mixed with a real world experience
supplemented by augmented and virtual reality. .
In 2020, Tencent raked in approximately
$6.7 billion in game revenue, earning it the title
of the world's largest video game producer. .
In 2020, Tencent raked in approximately
$6.7 billion in game revenue, earning it the title
of the world's largest video game producer. .
Polygon reports that Tencent's
streak of acquisitions has
continued at an accelerated pace. .
Niko Partners, a research firm, estimates
that Tencent closed one new game deal
every 2.5 days for the first half of 2021. .
Niko Partners, a research firm, estimates
that Tencent closed one new game deal
every 2.5 days for the first half of 2021.