Tencent Holdings - M&A Summary and Business Overview

Internet Software And ServicesCompany

Tencent Holdings M&A Summary

Tencent Holdings has acquired 14 companies, including 4 in the last 5 years. It has also divested 3 assets.

Tencent Holdings’ largest acquisition to date was in 2020, when it acquired Bitauto Holdings for $1.1B. Tencent Holdings has acquired in 1 US state, and 7 countries. The Company’s most targeted sectors include internet software and services (36%) and digital media (29%).

Tencent Holdings Business Overview

Where is Tencent Holdings headquartered?

Tencent Holdings is headquartered in Shenzhen, China.

What is Tencent Holdings’ revenue?

Tencent Holdings disclosed revenue of 560,118M CNY for 2021 and 482,064M CNY for 2020.

How many employees does Tencent Holdings have?

Tencent Holdings has 110,715 employees.

What sector is Tencent Holdings in?

Tencent Holdings is an internet software and services company.

When was Tencent Holdings founded?

Tencent Holdings was founded in 1998.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity14
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 16
  • M&A Advisors 7

Tencent Holdings

Tencent Holdings Ltd.

Tencent Binhai Towers No. 33 Haitian 2nd Road Nanshan District,
Shenzhen, 518054
China,
+86 75 5860 13388
www.tencent.com

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 10 2 1 - 1 - 14
vol $674M $1.1B $1.8B
Sell (0.2/yr) # 2 1 - - - - 3
  17

Most Recent M&A

Company Date Value Type
Global Blue Group Holding AG 2023-11-16 - Stake Purchase
Wangen-Brüttisellen, Switzerland · www.globalblue.com
Turtle Rock Studios, Inc. 2021-12-17 - Add-on Acquisition
Lake Forest, California · www.turtlerockstudios.com
Bitauto Holdings Ltd. 2020-06-12 1.1B USD Add-on Acquisition
Beijing, China · www.bitauto.com
58.com, Inc. 2020-04-02 - Stake Sale
Beijing, China · www.58.com
Universal Music Group, Inc. 2020-03-31 - Stake Purchase
Santa Monica, California · www.universalmusic.com
Voyager Innovations, Inc. 2018-10-04 - Growth Capital
Manila, Philippines · www.voyagerinnovation.com
Voodoo 2018-05-28 200M USD Buyout (LBO, MBO, MBI)
Paris, France · www.voodoo.io
Shanda Games Ltd. 2018-02-08 474M USD Add-on Acquisition
Shanghai, China · www.shandagames.com
ibiboGroup 2016-10-18 - Divestiture
Gurgaon, India · www.ibibo.com
Supercell Oy 2016-06-21 - Stake Purchase
Helsinki, Finland · www.supercell.net
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 5 (36%) 1.6B (89%) 3 (100%) -
Digital Media 4 (29%) 200M (11%) - -
Education 1 (7%) - - -
Financial Services 1 (7%) - - -
Information Technology 1 (7%) - - -
Media 1 (7%) - - -
Software 1 (7%) - - -
Total 14 $1.8B 3 -

By Geo

State/Country Buy Value Sell Value
China 4 1.6B 2 -
United States 4 - - -
  California 4 - - -
India 1 - 1 -
Switzerland 2 - - -
Finland 1 - - -
France 1 200M - -
Philippines 1 - - -
Domestic 4 (29%) 1.6B (89%) 2 (67%) -
Cross-border 10 (71%) 200M (11%) 1 (33%) -
Total 14 $1.8B 3 -

Top M&A Advisors

Financial Deals
BofA Securities
 3
Morgan Stanley
 1
Legal Deals
Davis Polk & Wardwell
 2
Covington & Burling
 1
Latham & Watkins
 1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 2 $674M
TOTAL $1.8B
Largest Bitauto Holdings Ltd.
$1.1B (2020-06-12)

M&A Connections

Deals
Acquired from
Strategic(s)
14%
2 (14%)
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Internet Software and Services

Revenue

560,118   17% 2021
482,064   28% 2020
377,289   21% 2019
312,694   32% 2018
237,760   57% 2017
151,938   48% 2016
102,863   2015
(millions of CNY) Show More Show Less

Employees

110,715

Established

1998

Public

Hong Kong (SEHK): 0700

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