Tencent operates WeChat and uses the stock code 0700 on the Hong Kong Stock Exchange.
Tencent is a Chinese technology conglomerate founded in 1998 by Ma Huateng and several co-founders. It began with internet messaging and later expanded into social media, online games, digital payments, cloud services, music, and entertainment.
WeChat, known in China as Weixin, combines messaging with social networking, payments, shopping, and other services. Tencent also owns or invests in major gaming businesses, making gaming and online services central parts of its corporate identity and valuation.
Tencent is listed in Hong Kong under stock code 0700, a detail that distinguishes it from Alibaba, whose Hong Kong code is 9988. Market capitalization for a Hong Kong-listed company is still calculated from its share price and shares outstanding, although the quotation convention differs from a U.S. ticker symbol.