Tencent Holdings Limited (0700.HK) vs Alphabet Inc. (GOOGL)

Tencent Holdings Limited is a Chinese technology and entertainment company with major businesses in social networking, online games, digital content, fintech, cloud services, and advertising. Its platforms include WeChat and QQ, which support messaging, payments, mini-programs, media, and business services. Tencent is also one of the world’s largest video game publishers and holds investments across technology, media, and consumer internet companies. Its performance is driven by user engagement, gaming releases, digital payments, advertising demand, and China’s internet regulatory environment.

Alphabet Inc. is a holding company that wholly owns Google, one of the world’s largest internet businesses. Based in California, the company generates just under 90% of its revenue from Google Services, with advertising sales representing the clear majority. In addition to digital advertising, Google Services includes revenue from subscription offerings such as YouTube TV and YouTube Music, platform sales and in-app purchases through the Play Store, and hardware products including Chromebooks, Pixel smartphones, and smart home devices like Chromecast. Google Cloud contributes about 10% of Alphabet’s total revenue. The remainder comes from investments in emerging technologies and businesses, including self-driving cars through Waymo, health initiatives via Verily, and internet access services such as Google Fiber.