Tencent Holdings Limited (0700.HK) is the largest Chinese technology giant which invests heavily into Metaverse businesses.
Tencent owns a plethora of social media entertainment platforms - Snap (leader in Augmented Reality), Spotify (leading digital music service provider), Doyu (live video streaming service), Reddit (social news aggregation, web content rating and discussion website), Discord (top VoIP digital messaging for gaming community) and WeChat social application which has over 1.25 billion active users.
It is also the largest gaming company in the world and owns Riot Games which makes League of Legends, Epic Games which makes Fortnite running on Unreal Engine platform, Roblox which has more than 150 million active users. Mobiles games that I loved to play from Supercell such as Clash of Clans, Clash Royale and Brawl Stars are all owned by Tencent now.
On the fronts of e-commerce and fintech, Tencent makes its presence felt globally by investing in WeChat Pay (2nd largest Fintech payment provider in China),...