5 Biggest E-Commerce Companies in China

3. Tencent Holdings Ltd (OTC: TCEHY)

Revenue: US$73.56 billion, 2020

Tencent Holdings (OTC: TCEHY) is an Internet service portal founded in 1998 that provides Internet, mobile services, and online advertising. It is based in Shenzhen and is the creator of leading Internet platforms in China such as QQ Instant Messenger, QQ.com, QQ Games, Qzone, QQ Music, QQ wallet, WeChat, and Tenpay.

Tencent’s (OTC: TCEHY) various products have resulted in them being home to China’s largest online community. Their products are so widespread and integrated across different platforms that it is impossible to live even a day in China without using them. As a result, Tencent (OTC: TCEHY) has spent heavily on advertising all its services, especially Tenpay. This has made them one of the biggest competitors in the e-commerce market.