Tencent has been making headlines for its strategic moves in the gaming industry, including the launch of the Dream Star mobile game to rival NetEase's Eggy Party. The company invested a substantial $197 million in this project, showcasing its commitment to expanding its presence in the competitive gaming market. Additionally, Tencent has been securing AI chips to support its model development efforts, despite facing challenges due to US tech export controls.
Tencent Holdings Ltd is a Chinese multinational conglomerate founded in 1998, known for its diverse portfolio of subsidiaries specializing in Internet services, entertainment, artificial intelligence, and technology. The company has a global presence and is a key player in the tech industry, with a strong focus on innovation and strategic investments. Tencent is renowned for its popular social media platform WeChat, as well as its significant contributions to the gaming sector through acquisitions and developments of various gaming titles.