Investing in Japan
Latest UpdatesTencent, China's leading IT services company, expands its Japanese subsidiary in Tokyo
May 13, 2020
Founded in Shenzhen, China in November 1998, Tencent was listed on the Hong Kong Stock Exchange in June 2004, and is a leading Chinese IT company that provides a variety of Internet-based services.
Tencent Japan Godo Kaisha was established in Tokyo in 2011 as a Japanese subsidiary, and has been developing businesses centered on games, electronic payments using ’Wechat’, and VC investments. The company, which has more than 50,000 employees, offers a wide range of services. Their services include communication tools such as ‘QQ’ and ‘Wechat’, social networking tool, ‘Qzone’, online game store, ‘QQ gaming platform’, information portals, ‘QQ.com’ and ‘Tencent News’, and video distribution platform, ‘Tencent Video’ .
In July 2019, Tencent announced that they would expand their cloud computing business in Japan as part of their international expansion. And in October 2019, they relocated and expanded Tencent Japan Godo Kaisha's offices and hired more employees to expand their business in Japan.
As the first step in entering the Japanese cloud market, the company is aggressively working on SaaS (Software as a Service) and PaaS (Platform as a Service) for Japanese companies. IaaS (Infrastructure as a Service), for example, is the idea of encouraging companies that are using something from another company to use Tencent's innovative technologies and solutions.
With the expansion of the company's Japan office, the JETRO's Invest Japan Business Support Center (IBSC) introduced service providers (recruitment agencies) and assisted in finding business partners/business matching.