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| + | |$108 million |
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| + | |15.4% stake purchased in 4390; majority of shares sold to [[Mugunghwa Group]] in 4855 for $80 million |
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| + | |Formerly held under TQ C&E. |
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Revision as of 23:19, 6 February 2021
 | |
Type | Caizu |
|---|---|
| Industry | Conglomerate |
| Founded | 4198 |
| Founder |
Tang Wu Qi Zedong |
| Headquarters | , |
| Products | Optical lenses, synthetic diamonds, telecom, financial services, insurance, electronics, food and beverages |
| Services | Banking, retail, hospitality, telecommunication software, commodity trading, real estate development |
| Owner |
Tang Family (52.8%) |
Number of employees | 309,900 |
| Subsidiaries | TiqiTalk, TQ Bank, BÖNNING Car Factory (6%) |
TQ Group, formerly the Tang-Qi Group, is a multinational caizu conglomerate holding company headquarted in Indrala. It comprises numerous affiliated businesses, most of them united under the TQ brand, and is one of the largest conglomerates in Indrala (behind Xiandai Group).
History
TQ Group began as a humble trading company in Mudanwan, Min in 4198, and quickly grew to become one of the nation's largest companies, expanding to sectors including hospitality, real-estate development, consumer electronics, app development, finance. Following the government's financial sector de-regulations, 820,000+ customers have opened banking accounts with the new TQ Bank, accepting deposits of nearly $354m INS in the first three days. Part of this is due to TQ's ability to utilize Tiqi Corp, the TQ-owned provider of the country’s most widely used digital messenger platform TiqiTalk. TQ Bank has enabled account opening via the app – without visiting a bank branch – using a mobile phone number and an ID.
Assets
Operating subsidiaries
| Company | Sector | Ownership % | Value | Notes |
|---|---|---|---|---|
| TiqiTalk | Social Media and Internet | 100% | ~$7.4 Billion | Indrala's largest instant messaging platform used by 93% of Indralan smartphone users. |
| TQ Bank | Insurance and Finance | 100% | ||
| TQ Electronics | Consumer Electronics,
Semiconductors and Household Appliances |
88.9% | ~$204 Billion | |
| TQ Culture and Entertainment | Music, television and film production | 100% | ~$5.1 Billion | Often referred to as TQ C&E. |
| TQ Trading | Trading company | 100% | Focuses on trading industrial commodities such as chemicals, steel, and natural resources. | |
| TQ Hospitality | Hotels, resorts and spas | 90% | ||
| TQ Cinemas | Cinemas | 89.8% | ||
| TQ Construction and Land Solutions | Construction, architecture and building materials | 100% | Often referred to as TQ C&LS | |
| TQ World | Amusement Park | 84.4% | Indrala's largest amusement park, located in Kaizhou, Jiaozhi | |
| TQ Assurance | Insurance | 100% | ||
| TQ Food | Food products, confectionery | 100% | ||
| Huzhengjiu | Alcoholic beverages, liquor | 85.2% | Purchased 94.6% stake for $3.4 billion in 4413; valued at $36.6 billion as of 4880. | Transferred 9.4% ownership to Mugunghwa Group in 4800. |
Notable minor holdings
| Company | Sector | Ownership % | Value | Record date | Notes |
|---|---|---|---|---|---|
| BÖNNING Car Factory | Automotives | 6% | $170 Million | 4332 | |
| MateShipping | Trading company | 25% | 4383[1] | Held under TQ Trading. | |
| Kaizhou Inquirer Media Group | Media | 11.8% | |||
| Jiaozhi Broadcasting Corporation | Broadcast radio and television | 18.3% | |||
| Mugunghwa Group | Conglomerate | 11% | |||
| YM Entertainment | Media | 3.9% | $108 million | 15.4% stake purchased in 4390; majority of shares sold to Mugunghwa Group in 4855 for $80 million | Formerly held under TQ C&E. |
Notable former holdings
| Company | Sector | Ownership % | Value | Record date | Notes |
|---|---|---|---|---|---|
| YM Entertainment | Media | 15.4% | $108 million | 4390; sold to Mugunghwa Group in 4855 for $80 million | Formerly held under TQ C&E. |