Tencent
Location on request · Invests in Global; North America; Europe; Asia · Website
Check size
🔒 $•• – $••Thesis
Tencent invests in gaming studios and platforms that will drive the future of interactive entertainment. We provide capital, publishing expertise, and global distribution access while preserving studio independence and creative autonomy. We believe the best games come from empowered teams, and our role is to enable their success through resources and strategic guidance.
Likely not a fit for
Pure narrative/story-driven games without multiplayer components. Games with political or religious content that conflicts with China regulations. VR-exclusive games. Crypto/blockchain gaming. Game studios that cannot operate with minimal censorship requirements for China publishing.
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 months
- Warm intro
- Not required
- Involvement
- Takes a board seat
- Fund status
- Actively deploying
- Decision process
- Partnership vote
Partners & team
1 contact on file
Portfolio
Riot Games was founded in 2006 to develop, publish, and support the most player-focused games in the world. Known for titles like League of Legends and VALORANT, Riot Games focuses on creating engaging gaming experiences.
Squad Busters was a game developed by Supercell that aimed to combine various worlds from Supercell's portfolio into a single chaotic experience. Despite initial enthusiasm, the game faced challenges in scalability and player engagement, leading to the decision to halt its development.
Epic Games is a leading interactive entertainment company known for Fortnite and Unreal Engine, providing an end-to-end digital ecosystem for game development and distribution.
Digital Extremes has over 25 years of experience in game development, known for creating innovative games such as Warframe, a cooperative, free-to-play online action game, and the Unreal series.
Grinding Gear Games is a game development studio based in Auckland, New Zealand, known for developing the competitive online action RPG Path of Exile.
Funcom is a game development company known for creating immersive multiplayer and sandbox games based on beloved intellectual properties. With over 30 years of experience, Funcom has developed and published numerous titles across various platforms.
FromSoftware, Inc. is a video game development company known for its action RPGs and innovative game design, including titles like Dark Souls, Bloodborne, and Elden Ring.
Larian Studios is a game development company known for creating immersive, world-class RPGs, including the critically acclaimed Divinity series and Baldur's Gate 3.
Activision Blizzard is a global leader in interactive entertainment, known for creating iconic gaming franchises such as Call of Duty, Crash Bandicoot, and Tony Hawk’s Pro Skater. The company focuses on delivering innovative gaming experiences and fostering a community of players.
Paradox Interactive is one of the premier developers and publishers of strategy and management games on PC and consoles, with a diverse portfolio of popular franchises.
Kakao Games is a gaming company that develops and publishes a variety of mobile and PC games, focusing on engaging gameplay and community interaction.
Frontier Developments plc. is a game development company known for creating engaging video games across PC and console platforms, utilizing their in-house Cobra development tools.
Recent activity
- May 2025
Ubisoft (Spin-off)
Growth · Lead
- Sep 2024
Remedy Entertainment
Growth · Lead
- Jan 2022
FromSoftware
Growth · Lead
- Jun 2012
Epic Games
Growth · Lead
- Feb 2011
Riot Games
Growth · Lead
Tencent in the news
Music Business Worldwide
SM Entertainment and Tencent Music establish Beijing joint venture STE, with Super Junior-M’s Zhoumi as CEO
4 days ago
Moomoo
Tencent Music Entertainment to Use Notes Proceeds to Refinance Offshore Debt, Fund Share Repurchases
5 days ago
36 Kr
Product Watch: Ex-Bytedance, DJI & Tencent Team-Backed Startup Enters AI Skiing Track, Secures Investment from Thick Snow Investment
5 days ago
marketscreener.com
Tencent Music plans dollar bond sale to refinance debt, fund buybacks
5 days ago
Outlook Respawn
SM Entertainment Enters China JV With Tencent Music | Outlook Respawn
8 days ago
Startup Fortune
Tencent Open-Sources a 770 Billion Parameter Model That Claims to Outmanage Codex
9 days ago
The Korea Daily
SM Tencent Music Joint Venture Zhoumi STE: CEO Appointed for China Expansion
10 days ago
Koreabizwire
SM Entertainment Deepens China Push With Tencent Music Joint Venture
11 days ago
The Korea Herald
SM, Tencent Music launch joint venture to develop new Chinese idol group
11 days ago
Korea JoongAng Daily
SM, Tencent Music launch China joint venture with Super Junior-M’s Zhoumi as CEO
11 days ago
Yonhap News Agency
SM Entertainment forms China joint venture with Tencent Music
11 days ago
조선일보
SM Entertainment Launches Joint Venture STE with Tencent Music
11 days ago
Yahoo Finance
Tencent Holdings (SEHK:700) Backs AI Startup As Global AI Push Picks Up
23 days ago
Nikkei Asia
Tencent to become top shareholder of Manus in unwinding of Meta deal
25 days ago
marketscreener.com
Tencent Joins $400 Million Fundraising For Swedish AI Coding Startup Lovable
25 days ago
Yahoo Finance
Tencent, EU Fund Invest in AI Coding Startup Lovable at $13 Billion Valuation
26 days ago
Bloomberg.com
Tencent, EU Fund Invest in AI Coding Startup Lovable at $13 Billion Valuation
26 days ago
VentureBeat
Tencent's Team Memory shares AI agent memory across a team — with no governance yet for when it's wrong
1 month ago
GuruFocus
LVIP State Street Emerging Markets Equity Index Fund's Tencent Holdings Ltd(HKSE:00700) Holding History
1 month ago
GuruFocus
International Dynamic Growth Fund 's Tencent Holdings Ltd(HKSE:00700) Holding History
1 month ago
36 Kr
Tencent Music & SM Entertainment Launch Joint Venture: Is the K-Pop Wave Making a Major Comeback?
1 month ago
Dealroom
Tencent attracts over $6B in bond orders for ~$4B dual-currency sale to fund AI buildout
1 month ago
富途牛牛
Fund Flows | Southbound capital has reduced its holdings of Tencent for six consecutive days, while Huahong Hongli and SMIC saw逆势加仓
1 month ago
36 Kr
Exclusive: Tencent Hunyuan Multimodal Understanding Head Hu Han Resigns to Launch Startup - Original Team to Focus on World Models
1 month ago
StartupHub.ai
Liquidnitro Taps Ex-Tencent CTO for AI Push
1 month ago
finance.biggo.com
Tencent Tumbles 7% on Heavy Volume as Gaming Revenue Concerns and Fund Sell-Off Rattle Market
1 month ago
Startup Fortune
Tencent stock falls 7% as gaming fears and an AI rotation hammer China tech
1 month ago
tradingview.com
Weekly Recap: Tencent to boost AI spending and DeepSeek funding, IPO plans
1 month ago
Startup Fortune
Ant, Tencent, Alibaba and Baidu Race to Build China's Enterprise AI Agents
1 month ago
Barchart.com
Tencent Is Eyeing a Major Investment in AI Startup Manus. What That Means for TCEHY Stock Here.
1 month ago
TradingView
Tencent Eyes Largest Manus Stake After Meta's $2 Billion Deal Unravels
1 month ago
93.3 The Drive
Tencent in talks to become AI startup Manus’ largest shareholder, sources say
1 month ago
TradingView
Tencent in talks to become AI startup Manus' largest shareholder, sources say
1 month ago
Yahoo Finance
Tencent in talks to become AI startup Manus' largest shareholder, sources say
2 months ago
97.9 WEVE
Tencent in talks to become AI startup Manus’ largest shareholder, sources say
2 months ago
VentureBeat
Tencent's Apache-licensed Hy3 takes on GLM-5.2 at half the size — and wins everywhere except coding
2 months ago
CNBC
Apple veteran's Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta
2 months ago
TechCrunch
Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
2 months ago
forbes.com
Singapore Video Startup Founded By Tencent’s Former AI Head Bets Big On World Models
2 months ago
Trellis Group
Mitsubishi, Tencent and WWF unite to kick-start carbon credit buying in Asia
3 months ago
Bloomberg.com
Tencent-Backer IDG Capital Sets Sights on $2 Billion Growth Fund
3 months ago
wsj.com
China’s DeepSeek Looks to Tap External Investors Including Alibaba, Tencent
4 months ago
The Information
Tencent, Alibaba in Talks to Invest in DeepSeek at $20 Billion-Plus Valuation
4 months ago
Reuters
Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation, The Information reports
4 months ago
The Astana Times
Tencent Invests in Kaspi.kz with Mikheil Lomtadze and U.S. Investors
4 months ago
Bloomberg.com
Tencent-Backed AI Startup StepFun Is Said to Plan Hong Kong IPO
6 months ago
Similar firms
Research briefRead more
Add Tencent to your investor list
Sign up free to save investors, see partner contacts, and track your raise.
Sign up