Examples of Tengxun
Examples of Tengxun
Where does Tengxun come from?
Tencent is an Anglicization of Tengxun, formally known as 腾讯控股有限公司 in Chinese and rendered as Tengxun Konggu Youzian Gongsi in pinyin. Tengxun (腾讯, téngxùn) literally means “soaring information.”
Tengxun was founded in 1998 by, among others, current CEO Ma Hauteng. Originally a small software firm, Tengxun released an instant-messaging program called OIQC in 1999. It was later renamed QQ and became the most popular messaging service in China. The program’s success allowed Tengxun to expand quickly. In 2000, Tengxun launched a mobile QQ for cellphones, whose various services were also massively popular with Chinese consumers.
Starting in 2011, Tengxun acquired Riot Games, a US video game developer, before taking over several other gaming and entertainment companies. The company has continued to invest heavily in tech, with partial or total ownership of various online businesses. Tengxun has many subsidiaries including Tencent Music, Tencent Gaming, and Tencent Pictures. It also runs its own cloud storage, web browser, blogging platform, and China’s first online bank, WeBank.
Most recently, Tengxun launched WeChat, a social mobile application that provides messaging, news and social feeds, and games. WeChat’s success in China and neighboring countries has led to the creation of several offshoots, such as WeGame, a social gaming platform. In 2018, Tengxun has been valued at over $500 billion and is China’s largest tech company. Its CEO Ma Hauteng is one of China’s richest persons.
Who uses Tengxun?
Given its dominance of Chinese technology, both Tengxun and Tencent are widely used and familiarly recognized by internet-users in China and increasingly around the world. Use of Tengxun is much more common in China. Many in the US are familiar with Tencent, the more common term, due to its ownership of Riot Games, which developed the popular League of Legends game.
Tengxun/Tencent is also frequently discussed in financial, technological, and academic contexts due to its prominence and influence.
The company is also known for its logo, a penguin wearing a scarf and winking.