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Using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises

Using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises

Tencent's diverse services include social networks, web portals, e-commerce, and multiplayer online games. We want to support companies that help connect people in broad and meaningful ways.

The Tencent Exploration (TenX) Team is a small group based in Palo Alto that works with and funds innovative companies in the technology and internet sectors. With the future in mind, the team seeks out leading entrepreneurs building products in emerging areas such as AI, Space, VR, healthIT, Fin Tech, and others.

Visit our Portfolio page at TenX.tc
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Expert Game Engine Programmer

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Senior Tax Manager

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Executive Assistant

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Strategic Partnerships Director (TiMi)

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Senior Media System Engineer

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Performance Engineer

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Latest Stories and News

Providing card services to fintech companies around the world gives Marqeta a $4.3 billion valuation

  • TechCrunch
  • yesterday
  • Marqeta, while still unprofitable, is a darling of the financial services sector and only last year reached a $2 billion valuation on the back of a $260 million round of financing.
  • Now the company has turned to an undisclosed financial services firm for another $150 million in equity funding. The round values the company at over $4 billion.
  • The company provides the tools for financial services platforms of all stripes to provide cards, wallets and other payment mechanisms. Customers include Square, Uber, Affirm, Instacart and DoorDash.
  • And just as Marqeta opened an office in London to capitalize on the growing market for “challenger banks” that have come from Europe, there’s an opportunity for the company in the growing fintech market in Latin America.
Providing card services to fintech companies around the world gives Marqeta a $4.3 billion valuation

Tencent raises $6 billion in largest Asian corporate debt deal this year

  • U.S.
  • this week
  • Chinese social media and gaming giant Tencent Holdings raised $6 billion in a U.S. dollar bond sale - the largest debt deal by an Asian corporate in 2020.
  • The deal was finalised early on Thursday in which Tencent, raised $1 billion in five-year debt, $2.25 billion in 10-year, $2 billion in 30-year and $750 million in 40-year debt, a term sheet showed.
  • It was the first time Tencent, Asia’s second-most valuable company by market capitalisation, raised 40-year debt in its history.
  • The sources could not be named because the information was not yet public.
Tencent raises $6 billion in largest Asian corporate debt deal this year

Snap plans expanded developer platform that echoes WeChat

  • The Information
  • this week
  • Snap is planning to let other companies build pared-down versions of their mobile apps within Snapchat, mimicking the approach of popular Chinese social app WeChat.
  • The change is a notable shift in strategy for Snap, which has kept its flagship app largely walled off from outside developers.
  • While developers will only be able to offer limited, simpler versions of their apps within Snapchat, the move could eventually open up new sources of revenue for Snap, which is dependent on advertising.
  • Snap plans to announce the new software tools for its messaging app during a virtual conference on June 11. It will also let developers use Snapchat’s camera software and editing tools in their apps.
Snap plans expanded developer platform that echoes WeChat

xubo zhang

Avatar for xubo zhang
Founder golden bit • Worked at @Tencent.

Louis Fu

Avatar for Louis Fu
Graduate of @University of California Berkeley , co-founded CampusCred (YC S11), manager of strategic initiatives @Tencent .
Director, Strategic Initiatives at @Tencent
Total raised

$6.6B

Funded over

5 rounds

Latest round

Aug 2019

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Health plan

Insurance plan

Cafeteria-style benefit plan

Tencent huoshui program

Tencent culture day

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