Analysis
How big are the Cloud Kings' cloud businesses?
We read the latest annual report of all 17 eligible companies. Here is what each one discloses about its cloud business, and where the disclosures fall short.
Tencent
HKEX: 0700 · #4 in The Cloud Kings 10
Overview
Tencent is a Chinese technology company best known for WeChat and online games. It also operates Tencent Cloud, which provides cloud infrastructure and enterprise services.
Why it qualifies for the Cloud Kings ranking
Operates Tencent Cloud, a substantial cloud infrastructure and enterprise services business, although its results are reported within the FinTech and Business Services segment rather than separately.
Evidence: The 2025 Annual Report states that Tencent Cloud achieved profit at scale, and the 2Q2026 results attribute Business Services growth primarily to cloud services. Cloud revenue is not separately disclosed.
Verified against Tencent 2025 Annual Report on Oct 16, 2026. Eligibility rules
Cloud products and services
- Tencent Cloud
- Tencent Meeting
- WeCom
Market and stock information
- Total equity market cap (USD), Oct 15, 2026
- $484B
Latest price
Delayed or end-of-day prices, displayed by TradingView. They are provided for reference only and are not used to calculate the Cloud Kings ranking.
Loading prices connects your browser to TradingView, which receives your IP address and this page’s address. We remember your choice on this device. See our privacy policy.
Business and financial information
How cloud is reported: Tencent Cloud is reported within the FinTech and Business Services segment, which also includes payments. Tencent says Business Services growth is driven primarily by cloud services and that Tencent Cloud has reached profitability at scale, but it does not quantify cloud revenue.
- FinTech and Business Services revenue (includes cloud and payments) · FY2025
- RMB229.4bn
- Tencent 2025 Annual Report
Latest news
No news about Tencent has been published yet.
Competitors and comparisons
Methodology explainer
How CloudKings calculates market capitalization
Price times shares sounds simple. For the world's largest cloud companies, share classes, treasury shares, depositary receipts and currencies all get in the way.
Explainer
What counts as a cloud company?
Almost every software company now delivers its products over the internet. Here is where The Cloud Kings 10 draws the line, and why.
Sources and data timestamps
- Tencent Investor Relations
- Tencent 2026 second quarter results announcement · accessed Oct 16, 2026
- Tencent 2025 Annual Report · accessed Oct 16, 2026
- Profile and eligibility last reviewed Oct 16, 2026.
- Eligibility verification against the latest annual report: verified on Oct 16, 2026 (Tencent 2025 Annual Report).
- Market capitalization: official ranking snapshot of Oct 15, 2026 (closing prices of Oct 15, 2026, methodology v1.3). Latest prices, where loaded, are displayed by TradingView.