As China’s most valuable public internet company, Tencent's annual revenue has been on the rise since 2007 and reached over 237 billion yuan in 2017, of which around 98 billion yuan was generated by its online gaming
In recent years, Tencent has invested in and purchased gaming companies
both in China and overseas. These investments are also expected to strengthen its portfolio in mobile games in the future and to leverage its reach among China’s smartphone users. That would push its own services and provide more competition for Alibaba.
Tencent also operates three large social and messaging platforms
, all with hundreds of millions of users. WeChat and Qzone for example, rank fifth and ninth respectively when it comes to the number of global active users.