Who doesn’t know Tencent, the giant in the gaming world, has officially become the first company in Asia that is worth trillions of rupiah. But do any of you feel unfamiliar with this one company? If so, do you know that games like League of Legends, Arena of Valor, Clash Royale and Clash of Clans, the name of the game that I just mentioned, is owned by Tencent Games.
In today’s report by Seeking Alpha, the company has just become the first Chinese technology company to reach a market close of USD 500 billion. When compared to other game companies such as EA, Activision Blizzard, Ubisoft and Take-Two, they are still far behind Tencent.
If you are positioned with Tencent’s current financial condition, the company is more fitting when compared to logo tech giants such as Alphabet, Google, Apple, Facebook, Amazon and Microsoft. Tencent has managed to double its share price in the last 12 months, in this latest market closing news it means Tencent in the third quarter has posted a profit of almost 70%.
The global gaming industry seems to be growing rapidly from day to day. Notably, Tencent has stakes in Supercell, Riot Games, Frontier Developments, Epic Games, and took part in Activision Blizzard’s buyback of Vivendi, just to name a few of its interests. It also seems that Tencent will be eyeing the acquisition of BlueHole developer PUBG / PlayerUnknown’s Battlegrounds developer.
If you want to know, here’s a list of game ownership and shares from Tencent
- Supercell with games Clash of Clans, Clash Royale, Hay Day
- Epic Games with games Fortnite, Gears of War, Paragon
- Riot Games with the game League of Legends
- Frontier Developments with the game Planet Coaster, RollerCoaster Tycoon 3
- Activision Blizzard with the games Call of Duty: Black Ops, StarCraft II: Heart of the Swarm, Call of Duty: Black Ops II, Call of Duty: World at War
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