Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services.
Tencent, founded in November, 1998 and headquartered in Shenzhen, is an Internet-based technology and culture company. The founder is Ma Huateng. Listed on the HKEX on June 16, 2004, the company's major shareholders are Ma Huateng, Zhang Zhidong, Xu Chenye and Chen Yidan. Rivals that have direct and indirect competition with Tencent include Bytedance, Netease, Facebook, Google, etc.
ResearchConsumer Staples, Communication, Consumer Discretionary
WIA2020 | Next 50 in Global Tech: Consumer Technology
A Glance at Ant Group and Tencent's Insurance Technology Ventures
The wave of fintech has spread to the insurance industry, giving rise to the 'Insurtech' and the related niche markets. However, in China, the insurance penetration rate (2.7%) and premium per capita (USD 47) are both lagging, leaving much room for potential. Chinese Big Tech is seizing this opportunity and the competition is just getting started.
Aug 11, 2021 04:44 PM