According to Tencent's 2022 annual report, Ma holds about 8.39% of Tencent's shares and is the largest shareholder. In addition, other major shareholders of Tencent include MIHTCHoldingsLimited (about 30.86%) and AdvanceDataServicesLimited (about 7.20%). Among them, MIHTCHoldingsLimited is a wholly-owned subsidiary of South African newspaper group Naspers, which is an early investor of Tencent.
It should be noted that Tencent's shareholding structure is relatively scattered and there is no absolute controlling shareholder. The management team of the company has a high degree of autonomy in decision-making and operation. As the main founder and CEO of Tencent, Ma has an important influence on the company's strategic planning and development.