In this article, we are going to list the 5 Companies That Benefited The Most From The Pandemic. To read our detailed analysis and a more comprehensive list, please go to the 15 Companies That Benefited The Most From The Pandemic.
5. Tencent Holdings Ltd (OTC: TCEHY)
Market cap on Dec 31, 2019: $458.62 billion
Market cap on Dec 31, 2020: $689.05 billion
Market cap added: $230.43 billion
China’s largest internet company Tencent ranks 5th on our list of the 15 companies that benefited the most from the pandemic. By the end of December 2020, Tencent had a market cap of $689 billion, an increase of 50% from the previous year.
Tencent is the largest provider of Internet value-added services in China. The Chinese app developer is globally known for its instant messaging app WeChat and video game hits such as “League of Legends and “Clash of Clans.” Based on the company’s third-quarter report in 2020, Tencent’s value-added service sector increased 38% ($10 billion) and the online games sector grew by 45% ($6 billion) while revenues from online advertising increased by 16% ($3 billion) over the year. Tencent Holdings bagged a total revenue of $18.4 billion in the third quarter mainly due to the growth of smartphone games.
As of March 2021, Tencent has an investment of approximately $259 billion in Chinese and overseas startups in fast-growing industries such as electric vehicles, gaming, entertainment, and social media.