In this article, we are going to list the 5 Most Valuable App Companies. To read our detailed analysis of the app industry and trends, please go to the 15 Most Valuable App Companies.
5. Tencent Holdings Limited (OTC: TCEHY)
Market cap: $777 billion
Chinese internet company Tencent ranks 5th on the list of the 15 most valuable apps. Tencent is behind instant messengers WeChat and QQ. The company also owns approximately 80% of video game publisher Supercell with video game hits including “Clash Royale”, “Clash of Clans”, and “League of Legends.” On top of that, Tencent has a $259 billion investment in Chinese and international startups in fast-growing industries including electric cars, gaming, entertainment, and social media as of March 2021.
According to the company’s third-quarter report, Tencent Holdings made a total of $18.4 billion in revenue in which Tencent’s value-added service business grew 38% ($10 billion) in 2020, while the online gaming sector grew 45% ($6 billion).