Video games have emerged to be a lucrative business and numerous companies are investing huge sums of money on video games today. However, even if there are numerous investments, some make a lot of money while others don’t make that much depending on the games they’ve developed, target customers and how well a game does. Sony, Microsoft, Apple Inc., Activision Blizzard and Tencent Holdings limited are popular video game companies over the years and they’ve been competing for years. In 2018, the video game that came out on top is Tencent Holdings limited.
Besides being the fifth largest internet services company in the world, Tencent Holdings Ltd. was the top video gaming company in 2018. It is a Chinese multinational investment that was established in 1998 by a group of enthusiasts named Xu Cheney, Ma Huateng, Chen Yidan, Zhang Zhidong and Zeng Liqiq at Shenzhen, China. In 2017, Tencent Holdings became the first Asian company to surpass the $500 billion mark making it one of the best gaming company in the world. In 2017 alone, this company had a net income of about $30 billion and it employs more than 40,000 professionals all over the world.
Tencent holdings limited is and will become one of the greatest company in the world due to these reasons:
- Venture capital investments
This company is one of the most active and prolific venture capital investors globally. The company not only invests abroad but also at home so that they can offer much-needed expertise and help. For instance, Mobike and Didi which are part of its investments are integrated with Wechat wallet which has more than 900 million users!
- Mobile advertising
The use of ads and social media platform is known to grow a business exponentially. Tencent Holdings Ltd. uses mobile advertising to showcase the games they’ve developed among other services they are offering to millions of users on a daily basis.
Finally, online lending, mobile payments, and mobile gaming are other reasons why Tencent has emerged as one of the best gaming company in 2018. In fact, the company is expected to reach $21.3 billion in 2019 due to its immense success over the years.