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.
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Tencent owns China's most popular messaging app, WeChat, which boasts over 1.2 billion monthly active users.
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Tencent owns China's most popular messaging app, WeChat, which boasts over 1.2 billion monthly active users.
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Tencent also created QQ.com, which is one of China's largest web portals and the fourth-most visited website in the world.
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Tencent also created QQ.com, which is one of China's largest web portals and the fourth-most visited website in the world.
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Tencent Music, which owns the majority of China's music services, has over 841 million users.
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Polygon reports that Tencent has also become the biggest game company in the world.
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According to Polygon, Tencent has been acquiring international game studios since 2011.
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The company, one of the world's largest tech conglomerates, also has plans to build a metaverse.
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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.
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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.
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In 2020, Tencent raked in approximately $6.7 billion in game revenue, earning it the title of the world's largest video game producer.
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In 2020, Tencent raked in approximately $6.7 billion in game revenue, earning it the title of the world's largest video game producer.
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Polygon reports that Tencent's streak of acquisitions has continued at an accelerated pace.
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Niko Partners, a research firm, estimates that Tencent closed one new game deal every 2.5 days for the first half of 2021.
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Niko Partners, a research firm, estimates that Tencent closed one new game deal every 2.5 days for the first half of 2021.
