Tencent

Tencent is launching the first phase of its new Shenzhen headquarters campus in October, with 30% completion. This includes opening “Penguin Apartments,” 11 residential buildings designed for young employees. These fully furnished apartments offer a turnkey living solution with communal spaces like fitness centers and shared kitchens. Priority will be given to employees without existing property. The campus, featuring modular architecture with green courtyards, emphasizes employee well-being and work-life integration, ultimately accommodating over 80,000 employees.

Tencent’s Q2 earnings report reveals a surge in gaming revenue, driven by the continued success of Honor of Kings. Domestic game revenue rose 17% year-over-year to RMB 40.4 billion, with Honor of Kings being a key contributor. AppMagic data shows it as the sole mobile game exceeding $1 billion in H1 revenue. Honor of Kings, celebrating its 10th anniversary, has topped global mobile game revenue for three years and shows impressive growth. Overall game revenue increased by 22%, and international game revenue also surged by 35%, marking the fourth consecutive quarter of record highs.

A lawsuit challenging the algorithm behind Tencent’s “Honor of Kings” was heard in Shenzhen. Lawyer Sun Qianhe, frustrated with the game’s matchmaking, initiated the “First Chinese Game Algorithm Litigation,” demanding transparency in the game’s algorithm. Sun argues the suit, despite concerns about judicial resource allocation, is crucial for improved regulations and safeguarding public interest. She believes challenging opaque algorithms is a necessary cost for institutional updates towards a more just legal framework.

In Q2 2025, Tencent’s QQ security center cracked down on malicious online activity, disabling 3.2 million accounts. The platform targeted “water armies” manipulating online trends by removing 30,000 groups and 580,000 pieces of related content. QQ also combatted harmful online subcultures impacting minors, deleting over 30,000 posts and comments and 200 related groups. Furthermore, 2.5 million fraud-related accounts were disabled due to increasingly sophisticated scams. These measures demonstrate QQ’s commitment to user safety and combating inauthentic online behavior.

Tencent’s QQ is testing a new feature enabling seamless transfers between QQ Wallet and WeChat Pay accounts, found in the QQ 9.2.5 beta. Users can transfer funds between the two platforms with real-time transfers and no fees. Transfers from WeChat Pay to QQ have been possible since 2020. QQ is also integrating WeChat Pay into social payment scenarios and streamlining its user experience, focusing on core functionality and leveraging existing strengths like WeChat mini-programs.

Tencent is facing a lawsuit in China over the matching algorithm in “Honor of Kings.” A player alleges the algorithm manipulates matches to force a 50% win rate and is suing for disclosure of the algorithm’s mechanics. The plaintiff cites consumer rights to information. Tencent claims the algorithm is a trade secret. This is reportedly China’s first case concerning gaming algorithms. The lawyer aims to raise awareness about algorithmic fairness in the industry.

Fortune China’s 2025 China 500 list reveals State Grid as the revenue leader at $548.4 billion, followed by PetroChina and Sinopec. ICBC is the most profitable. The top ten most profitable include TSMC, Tencent, Alibaba, and Ping An. Tencent’s net profit surged over 65% in 2024. These ten companies accounted for 41% of the total profits of all listed companies.

Investor Duan Yongping maintains that long-term investments in strong companies like Kweichow Moutai and Tencent are superior to bank deposits. While acknowledging China Shenhua Energy as potentially better than a bank, he emphasizes Tencent’s higher potential. Duan warns that outperforming bank returns is significant, as most lose money in the stock market. He cites Moutai’s brand strength and Tencent’s ecosystem as drivers of sustained value, contrasting them with the vulnerability of bank interest rates to macroeconomic changes and inflation, while also acknowledging inherent market risks.

Doxxing, involving weaponized personal data for harassment, is escalating in China as a severe digital threat. Tech giant Tencent, targeting this on its platform QQ (597 million users), purged over 100,000 abusive posts, terminated 10,000+ harassment groups, and employs advanced algorithms/AI detection. This crackdown aligns with China’s intensified cyber governance and foreshadows stricter privacy law enforcement. Tencent’s approach, utilizing tech like neural networks and judicial reporting, may set a precedent for combating industrialized “doxxing economies” and balancing innovation with safety in web ecosystems.

Tencent’s 2024 Sustainable Social Value Report showcases its commitment to “AI for good.” Through internal development and open-source contributions, Tencent leverages its large models, like Hunyuan, across sectors like education, healthcare, rural revitalization, and cultural preservation. The report highlights AI applications from predicting altitude sickness to aiding medical diagnoses and deciphering ancient inscriptions, demonstrating Tencent’s strategy to integrate AI for societal benefit and foster a collaborative ecosystem for sustainable development.