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Tech giant Tencent making waves

Jun 01, 2020 - The Business Times Singapore

TENCENT is an internet and technology giant that stands tall with the likes of Alibaba and Baidu in China, with total assets worth 953 billion Chinese yuan (S$189 billion). Founded in 1998, Tencent's first flagship product was a Web-based communication application called QQ messenger, similar to ICQ's cross-platform messenger which utilises Voice Over Internet Platform (VoIP). Popularity grew as users surged past 800 million in 2019.

Tencent then established itself as a gaming giant in 201...