Share This Post

Games / Geek Corner

Tencent Is Bigger Than EA, Activision, Ubisoft And Take-Two Combined

Tencent Is Bigger Than EA, Activision, Ubisoft And Take-Two Combined

A lot of people in the West are not familiar with this name, but Tencent, a Chinese company is a giant in the gaming world. As noted by Seeking Alpha, the tech firm’s market cap crossed $500 billion recently, making it bigger than EA, Ubisoft, Activision Blizzard and Take-Two combined.

In the past year, Tencent has doubled its stock price, and the latest market cap comes after it posted the third quarter, with profits up close to 70%. To put things in perspective, the company’s standing right now is more in line with behemoths like Apple, Facebook, Microsoft and Google’s Alphabet. With stakes in major players like Supercell, Epic Games  and Riot Games, Tencent’s global presence continues to grow day by day. It also seems to have its eyes on the acquisition of Bluehole, the developers behind the battle-royale success, PUBG.

Recently, Tencent also announced a 12% stake in Snapchat. “The investment enables Tencent to explore cooperation opportunities with the company on mobile games publishing and newsfeed as well as to share its financial returns from the growth of its businesses and monetisation in the future,” They said.

Register with us for the best in gaming, and join us for video game discussions on our forums.

Share This Post

Profile photo of Gyaandalf
Wibbly Wobbly, Timey Wimey.....stuff

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


Lost Password

Register

Skip to toolbar