World's Most Innovative Companies

Tencent Holdings

Tencent Holdings is a Chinese investment holding company whose subsidiaries provides Internet and mobile phone value-added services and operate online advertising services. There diverse services include social networks, web portals, e-commerce and multiplayer online games. It runs one of the largest web portals in China the QQ.com and also operates an instant messenger Tencent QQ. In 2010 it was regarded as the third largest Internet company in the world after Google and Amazon with 647.6 million users and $38 billion of market capitalisation. Initially they derived income from the advertising and premium users of QQ but lately the iconic penguin character became the income generator. It also earns profit from its sale of virtual goods. The average sales growth of the company from past 5 years is 69 percent, the net income growth is 75.4 percent, the enterprise value is $46.5 billion and the innovation premium is 52.3 percent.