Tencent – a good mix

Background:Shenzhen-based Tencent Holdings (0700:HKG) is an integrated online services company most renowned for its QQ instant messaging tool, which claims over 568m active user accounts. It also has a web portal QQ.com, a multimedia social networking service - Qzone, a mobile phone portal, as well as its QQ Game portal, which made up 43.3% of annual revenues in 2009. The company runs a series of massively multiplayer online games (MMOGs), as well as advanced casual games such as Dungeon and Fighter (DNF), Cross Fire, QQ Dance and QQ Speed. Tencent's virtual currency 'Q-bi' is the most popular in China and even has an official exchange rate with the renminbi.

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Other Articles on this Issue

• Financial China

  Underground finance – the pressure tells

  Select financial charts

• Macro View

  Whither interest rates?

• The Big Call

  Food to drive inflation above target

• The Best of Chinese Commentators

  Property price conundrum

  Driving green

• Funds Data

  Managers spread net beyond China

• Consumer China

  Online games – big guys slaying little guys

  Perfect World – loyal customers spend more

  Shanda Games – players spend less

  Netease – World of Warcraft comes at a cost

  Changyou – shrinking sales growth

• Capital Intensive China

  Will fixed asset investment growth slow?

• Guest Column

  Institutional investing in A-shares

• View issue