Claim: WeChat was developed by a Chinese e-commerce company.

Tencent Holdings Limited is a Chinese investment holding company whose subsidiaries provide media , entertainment , payment systems , internet and mobile phone value-added services and operate online advertising services in China . Its headquarters are in Nanshan District , Shenzhen .   Tencent is one of the largest Internet companies , as well as the largest gaming company in the world . Its many services include social network , web portals , e-commerce , mobile games and multiplayer online games . Offerings in China include the well-known instant messenger Tencent QQ and one of the largest web portals , QQ.com . Mobile chat service WeChat has helped bolster Tencent 's continued expansion into smartphone services .   Tencent has been credited as one of the world 's most innovative companies by numerous media and firms such as Boston Consulting Group , rising rapidly in its Innovative Rankings .   In April 13 , 2015 , the market value of Tencent exceeded US$ 200 billion for the first time , hitting US$ 206 billion . On September 8 , 2015 , Tencent became the largest Internet company in Asia by value after Alibaba Group Holding Limited suffered a major drop -LRB- $ 141 billion over 10 months -RRB- in its share value .   In May 2017 , Tencent 's market value grew to USD$ 343 billion -LRB- HK$ 2.64 trillion -RRB- , shortly after surpassing Wells Fargo to enter the world 's top 10 most valuable companies .   Tencent has been actively investing in numerous companies and start-ups , creating a huge portfolio of investment , ranging across multiple industries and areas .