Major digital media and entertainment companies APAC 2021, by market cap

As of December 2021, Tencent had a market capitalization of over 558 billion U.S. dollars, by far the highest in the Asia-Pacific region. Singapore-based tech conglomerate Sea Limited followed with a market cap of approximately 124 billion dollars.

A multimedia behemoth

In terms of market cap, Tencent is among the 100 largest companies in the world. Founded in 1998 and headquartered in Shenzhen, Tencent is a tech and entertainment conglomerate generating revenue across multiple industries. Known for mobile gaming apps such as PUBG Mobile or Honor of Kings, value-added services are Tencent's biggest segment. The company also operates China's most-used instant messaging app WeChat and the country's leading music streaming services.

Catering to consumer needs

Similar to its stakeholder Tencent, Sea Limited is diversified across various market segments. Founded in 2009, Sea Ltd. generates multi-billion dollars revenues from its e-commerce and digital entertainment segments. It is a parent company to major Southeast Asian e-commerce platform Shopee and to Garena, an online game developer. Garena operates gaming platform Garena+ with over 73 million paying users. Gaming networks such as Garena+ are the fastest-growing digital media market segment in Southeast Asia.