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Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • History [ ] 1998-2010: Founding and growth [ ] Tencent was founded by,, Xu Chenye, Chen Yidan and Zeng Liqing in November 1998 as Tencent Inc. In the, initial funding was provided to it. In February 1999, Tencent's iconic messenger product released. Shortly after, Tencent had its name changed to QQ; this was said to be due to a lawsuit threat from and its owner.

The company remained unprofitable for the first three years. South African media company purchased a 46.5% share of Tencent in 2001. (As of 2014, it owns 34%.

) Tencent Holding Ltd was listed on the on 16 June 2004, and it was added as a in 2008. The company originally derived income solely from advertising and premium users of QQ, who pay monthly fees to receive added extras. But by 2005, charging for use of QQ mobile, its cellular, and its iconic penguin character, which could be found on snack food and clothing, had also become income generators. By 2008, Tencent was seeing profit growth from the sale of. While Tencent's services have included online gaming since 2004, around 2007–2008 it rapidly increased its offerings by games.

While least two, and, were originally produced by South Korean game developers, Tencent now makes its own games. Lyrics Ave Maria Celine Dion. 2011-2014: Early investments [ ] On February 18, 2011, Tencent acquired a majority equity interest (92.78%) in, developer of, for about USD 230 million. Tencent had already held 22.34% of the equity interest out of a previous investment in 2008. On the 16th December 2015, Riot Games sold its remaining equity to Tencent Holdings. Tencent acquired a minority stake in, developer of franchises like, and, in June 2012. Tencent in 2013 increased its stake in Kingsoft Network Technology, a subsidiary of Kingsoft Corporation, to 18%.

Tencent previously had a 15.68% stake in the company and raised the stake through a USD 46.98 million investment. Tencent took part in splitting from as a passive investor in 2013 and now owns less than 4.9% of the shares as of 2017. On September 17, 2013, it was announced that Tencent had invested $448 million for a minority share in Chinese search engine, the subsidiary of, Inc. On January 15, 2014, Tencent said it will invest HKD 1.5 billion (USD 193.45 million) in logistics and warehouse firm China South City Holdings Ltd to develop its e-commerce and logistics business.

On February 27, 2014, Tencent purchased a 20-percent stake in restaurant ratings and group buying website Dianping for $400 million. On March 10, 2014, Tencent bought a 15 percent stake in Chinese e-commerce website Inc. By paying cash and handing over its e-commerce businesses Paipai, QQ Wanggou and a stake in Yixun to JD.com to build a stronger competitor to. On May 22, 2014, JD.com got listed on NASDAQ and Tencent expanded its stake in the company to 17.43% on a fully diluted basis by investing an additional USD 1,325 million. On March 27, 2014, it was announced that Tencent had agreed to pay about $500 million for a 28 percent stake in South Korea’s CJ Games. On June 27, 2014, Tencent announced that it had agreed to buy a 19.9 percent stake in Chinese e-commerce website 58.com (WUBA) Inc.