Tencent Holdings is a provider of internet services and mobile value added services in China. The company provides value-added internet, telecom services and online advertising. Tencent Holdings has set up the Tencent Research Institute, one of the first research institutes in China. The institute focuses on the development of internet technologies while pursuing its innovation for the industry. The company historically has made significant use of strategic acquisitions to add new service competencies, to increase the scale within existing competencies and to expand its presence in various geographic regions around the world.