Tencent—one of China's earliest tech giants

A quick history of Tencent

The Chinese tech firm grew from a late 1990's internet messaging service to a globally influential conglomerate. It was China's first company to hit the $500B valuation mark, and now enjoys massive reach via WeChat, WeBank, and its robust investment portfolio.

Tencent surpassed Facebook in value in 2017

Tencent joined the $500B club (in terms of market capitalization) in 2017, overtaking Facebook at that point in terms of social media networks by value. This report from the time captures the rise of the company despite being relatively unknown outside of China.

How Tencent became one of the world's most valuable social network firms

With 1.4 billion users on WeChat, Tencent passed Facebook in 2018 in terms of market capitalization ($580B as of May 2025). However, while Facebook relies almost entirely (98%) on advertising for revenue, Tencent's growth relies on diverse revenue streams from video games, e-commerce, and more.

Age of Miracles: Why Tencent is the ultimate outsider

Tencent has relatively low name recognition outside of China, despite being the world's biggest video game publisher, operating a 1.4-billion-user messaging network, and much more. This podcast explores the business principles underpinning its success, from long-term vision to a unique investment portfolio.

Tencent is the world's largest video game publisher

Despite mainly being known for its 1.4 billion WeChat users, Tencent has quietly expanded its video game empire to include more than 600 investments. These include 100% ownership of Riot Games (maker of League of Legends) and 30% of Epic Games (Fortnite), two of the most popular online video games.

Tencent's revenue streams include fintech, advertising, games, and social

Headquartered in China’s Shenzhen tech hub, Tencent currently generates revenue through services like WeChat, WeBank, and Tencent Games. Each of these services (and their associated sectors) made up roughly a third of Tencent’s 2024 annual revenue.

WeChat: The world's second-largest messaging platform

The central technology in Tencent's empire, WeChat boasts roughly 1.4 billion users and provides a platform for the company to expand its ambitions in digital payments, e-commerce, and more. Unlike rival WhatsApp (owned by Meta), WeChat was built as a "superapp"—a single place where users are provided a wide range of features.

Temu was born out of a Chinese company that, at the time, was called Pinduoduo

Today, the company is called PDD Holdings, and owns both Temu and its very similar sister app in China, Pinduoduo.

Tour Tencent's sprawling headquarters focused on tech and health

Tencent has a massive headquarters in China to match its sizable market capitalization. Featuring 40% less carbon consumption and emissions, the building features facial recognition for security, swimming pools and a fitness track, time management apps, and more.

'Red envelope' payments spurred WeChat's financial services growth

What started as a messaging platform morphed into much more with the advent of so-called red envelope payments, where friends, colleagues, and acquaintances recreate an age-old Chinese custom with the tap of a finger. The viral custom helped WeChat expand its digital payment services, effectively becoming a “superapp.”

How Tencent's QQ penguin became a national mascot

Created when Tencent launched the first version of its internet messaging platform, the company's winking penguin has become a ubiquitous cultural presence in China. The mascot has become a revenue generator, with Tencent licensing the character for cross-promotion with KFC, Midea Group, and more.

The world's 50 most valuable private companies

While public companies typically have the highest valuations, private companies get close. This list breaks down the top 50 as of 2025, with SpaceX at the top with a value of $350B, followed by ByteDance. Over three-fifths of the list are located in the US, with eight in China.

TikTok is one of the fastest-growing social media platforms of all time

Centered around user-generated short videos, the platform was created by the Chinese technology company ByteDance Ltd. With over 1.8 billion users, the app has become a global force.

Walmart was the first traditional retailer to crack the $1T club

In early 2026, the company joined major tech companies Nvidia, Apple, and Meta (among others) as one of the rare firms with a market capitalization beyond $1T. See the latest top companies here.

Palm-scanning is the future of digital payments

Owned by Tencent, WeBank was China's first digital bank and services 340 million customers. Leveraging its parent company's technology portfolio, WeBank is determined to make palm-scanning the biometric equivalent of the credit card.

Sears once tried to become a tech company

In 1984, Sears arguably created one of the first online retail services, called “Prodigy,” in 1984 alongside IBM and CBS. But it was more of a WeChat than an Amazon, offering a variety of other services to users a few years before the dot com era.

Nvidia was founded in a Denny's restaurant

Nvidia is one of a handful of companies valued at more than $1T. In its early days, the semiconductor company sold GPUs, or graphics processing units, that were used for video games. But in recent years, Nvidia’s chips have been used for crypto and AI. Nvidia has faced several setbacks on its journey, including when the US sanctioned chip exports to China.

The original 'four horsemen' of tech were Intel, Dell, Microsoft, and Cisco

These companies became known as the "four horsemen of tech" for the influence the companies had both on other businesses and investors in the late 1990s and early 2000s. The expansion of internet infrastructure throughout the 1990s and the dot-com bubble lifted these companies to incredible heights.

Can Shein escape its Chinese roots?

Many Chinese companies are currently facing issues as they spread into global markets today. Shein, a Chinese clothing retail company, now accounts for half of fast-fashion sales in America. But its parent country has created issues, causing concern for people abroad about data security and supply-chain ethics. While Shein has moved its headquarters to Singapore and avoids selling in China, they continue to face scrutiny from Americans.

Peter Thiel and Elon Musk formed PayPal after merging two dot-com companies

Elon Musk cofounded "X.com," an online banking service, in 1999 with the idea that the web would become a financial repository as internet access expanded and became ingrained in daily life. Peter Thiel cofounded "Confinity" as a digital security service that morphed into a payments system. In 2000, the two merged to form PayPal, and in 2002, they sold PayPal to eBay for $1.5B.

The dot-com boom made Mark Cuban a billionaire

Cuban co-founded AudioNet with Todd Wagner in 1995 before it became Broadcast.com—a web app that allowed people to listen to sports commentary on their computers if they couldn't watch a game. In 1999, Yahoo bought Broadcast.com for $5.7B. By the time the market crashed, Cuban had already sold most of his stock in the company and had become a billionaire.

Memecoins are cryptocurrency created around popular 'memes,' or viral internet jokes

Dogecoin is perhaps the most famous "memecoin." While they tend to be more volatile than other types of crypto (after all, they're often created due to ephemeral trends), that doesn't mean they can't be valuable: Dogecoin is currently one of the most valuable cryptocurrencies in the world.

Where are the first batch of YC founders now?

Reddit was one of the companies in Y Combinator’s first batch. While OpenAI wasn’t among the companies started at YC, Sam Altman, who would later become the AI company’s CEO, had a different company called Loopt in the first batch.

Memecoins are a type of cryptocurrency—a form of digital currency with a wide variety of uses—created around popular 'memes,' or viral internet jokes.

Whitney Wolfe Herd is considered the youngest self-made female billionaire

Whitney Wolfe Herd founded dating app Bumble in her 20s after cofounding Tinder. She was inspired to create Bumble partly due to an experience she had with female friends who made fun of her for making the first move with a man she went on a date with.

China operates multiple different sovereign wealth funds, primarily backed by profits from a trade surplus

Unlike other countries that primarily use profits from natural resources, China's sovereign wealth funds are fueled by the country's mounting trade surplus. Among the two largest are the State Administration of Foreign Exchange (SAFE) fund and the Chinese Investment Corporation (CIC). China also operates the Silk Road Fund, a strategic investment initiative that backs infrastructure creation in developing countries.

The name 'Silicon Valley' arose from the founding of Shockley Semiconductor Laboratory in Fairchild Semiconductor in 1956-57, founded near Stanford University in Palo Alto

The Nasdaq's 'Magnificent 7' companies are responsible for roughly 40% of the Nasdaq 100 index's gains, while the remaining 93 companies account for the other 60%.

Fast-casual restaurant Chili's is experiencing a resurgence, with its parent company recently reporting a nearly 32% increase in sales, thanks to passionate Gen Z fans on TikTok.

While the first exchange-traded fund (a 'basket' of different assets that can be bought and sold on a stock exchange) in the US only launched in 1993, the global ETF market has grown to more than $10T in the short time since.

Venture capital is a form of funding provided to early-stage companies with high growth potential, typically in exchange for an equity (or ownership) stake

Dozens of S&P 500 stocks, including Coca-Cola and Walmart—known as the dividend aristocrats—have increased dividends every year for 25 years

US consumers collectively owe more than $1T to credit card companies—almost as much as they owe in auto loans.

Warren Buffett's former professor Benjamin Graham is known as the 'father of value investing,' a strategy in which investors seek to buy stocks trading below their intrinsic worth.

The identity of the Tank Man in the iconic photo from the 1989 Tiananmen Square protests remains unknown and was possibly killed.

SpaceX's S-1 or 'prospectus' revealed many previously unknown details about the company, including its unprofitability despite doing $18.7B in revenue in 2025, exactly how many voting shares Elon Musk will have in the company (roughly 85%), and more.

This site reaches millions of visitors who are tired of AI chatbots and seeking human connection. Pretend to be an AI chatbot and ask questions, provide answers, and draw for people in real time.

How Amazon operates a 'flywheel' business model, a self-reinforcing cycle that drives continuous growth

In 2019, a laptop loaded with six of the worst malware in history and described as 'an exhibit of historical weaponry' sold for $1.3M.

The most expensive ad of all time was for Chanel No. 5 perfume and cost roughly $33M to produce in 2004—about $57M in today's dollars.

Brandi Chastain, the star of the 1999 US victory over China in the 1999 Women's World Cup, was a last-second choice to take the penalty kick that sealed the victory.

The first robot in literature may have been a 'mechanical man' in 1907's 'Ozma of Oz,' a book in L Frank Baum's 'Wizard of Oz' series.

NBA superstar Victor Wembanyama spent the 2025 summer training with monks in central China to enhance his body and mind.

As of 2025, the most cited papers in science include a review of graphene, methods to improve image recognition, streamlining electron density calculations, and optimizing protein studies.

Budweiser stores yeast derived from the original 1800s strain in a secret bunker, which only the Head of Yeast Management can access—not even the CEO

Mark Twain spent decades feuding with the US Postal Service, convinced its costs and regulations were bureaucratic overreach.

Iran's Revolutionary Guard Corps is independent of Iran's regular army and is one of the most powerful and influential military-political organizations in the Middle East.

Graffiti dates back to at least ancient Pompeii, where citizens scrawled messages to one another on public walls

Some researchers have labeled nomophobia, the fear of being without your phone, as 'the phobia of the 21st century.'

The syncytiotrophoblast is the outer layer of the placenta and the largest human cell, spanning an area about twice that of a king-sized bedsheet.