Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
September 15, 2019
arrowPress Releases







If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Tencent becomes first Chinese tech company to break $500B market cap

Tencent becomes first Chinese tech company to break $500B market cap

November 21, 2017 | By Chris Kerr

November 21, 2017 | By Chris Kerr
Comments
    Post A Comment
More: Business/Marketing



Internet and game juggernaut Tencent has become the first Chinese tech to see its stock market capitalization surpass $500 billion. 

As reported by the Financial Times, that means the firm has joined an elite group dominated by U.S. companies including Facebook, Amazon, Microsoft, and Apple.

Tencent's success has been built on the back of its chat app, WeChat, and its frequent forays into the games industry. 

The Shenzhen-based outfit owns Clash of Clans maker Supercell and League of Legends creator Riot Games, and is the publisher behind the recent mobile hit, Honor of Kings. Meanwhile, it also holds small stakes in Epic Games and Frontier Developments, making for a pretty diverse roster. 

According to recent reports, the company intends to add to that impressive line-up by acquiring PlayerUnknown's Battlegrounds developer Bluehole, but a concrete deal has yet to materialize.



Related Jobs

HB Studios
HB Studios — Lunenburg/Halifax, Nova Scotia, Canada
[09.13.19]

Experienced Software Engineer
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[09.12.19]

UI Artist
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[09.12.19]

Senior Lighting Artist
Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[09.12.19]

Producer









Loading Comments

loader image