Figure have been rounded. Click here to subscribe and stay tuned for future updates! Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. It is only inflation, all other dependent on inflation. 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). We have also set the operating . Register in seconds and access exclusive features. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. As a Premium user you get access to the detailed source references and background information about this statistic. [Online]. Unfortunately, Tencent does not provide a breakdown of the FinTech and Business Services segment to distinguish between revenue contribution from the company's digital payment business and cloud computing related businesses. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, The number of fee-based VAS subscriptions derived from Tencent's media platforms increased from 134.6 million subscriptions in 2017 to 236.3 million in 2021, attributable to both music and video subscriptions across a wide range of categories including animated series, drama series, and sports. (March 23, 2022). The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Gaming. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Show publisher information In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. One of the main drawbacks the company has is its weak marketing strategies. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. [Online]. The mini-programs are only within WeChat. Gaming. On January 21, 2011, WeChat was officially released. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). The year 2018 marked a change in its revenue structure. The number of fee-based VAS subscriptions derived from Tencent's media platforms increased from 134.6 million subscriptions in 2017 to 236.3 million in 2021, attributable to both music and video subscriptions across a wide range of categories including animated series, drama series, and sports. Weixin). Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com interchangeably. Copyright 2023 The Fifth Person. SoundHound Just Got $100M From . You need a Statista Account for unlimited access. Lau added Tencent will add a new. $931.9M. Profit. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. Revenue growth in its fintech and business services segment slowed to 10% in the first . "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). You can only download this statistic as a Premium user. March 23, 2022. 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The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). The index is also a selection of the 'best' companies. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). Note: slight discrepancies may exist between figures due to rounding. Of the 236 million paid subscriptions in 2021, 124 million were, The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see. ) Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see, ). Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. November 16, 2022. Over the past 6 months, the stock has traded down approximately 30% from $100/share. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. March 23, 2022. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. Dividend). Regular host and presenter of a weekly financial webinar with KCLau.com. The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. short clips and livestreaming, see. . In 2019, Tencent derived 53% of group revenues from its VAS businesses. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. You can only download this statistic as a Premium user. Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Please complete this form and click the button below to subscribe. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. . Tencent. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. We think this market is very close to saturated given China's total 1.4 billion population. You need at least a Starter Account to use this feature. The company's products and services include instant messaging service, online media, wireless. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Gaming Advertisement So, how did Tencent fare during the first half of 2020? Sales from mobile games grew 13%. It still has a user base of 612 million users. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Learn more about how Statista can support your business. Please do not hesitate to contact me. Statista. All rights reserved. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. A paid subscription is required for full access. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Analysis In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Profits. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . to incorporate the statistic into your presentation at any time. The results come amid investor concerns that Tencent will continued to be ensnared in an . Statista. Show publisher information At the current price of nearly HKD600, is Tencent still a good buy? As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Annual revenue of Tencent from 2014 to 2021,. "Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan)." Get full access to all features within our Business Solutions. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. Its online games Honour of Kings, PUBG Mobile, and. Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. My teams and I have . The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Tencent Holdings Limited is an Internet service portal. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Tencent's revenues related to the application mostly come from the domestic version (i.e. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Please do not hesitate to contact me. As soon as this statistic is updated, you will immediately be notified via e-mail. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) Tencent's VAS comprise two sub-segments - Gaming and Social Network. Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). Operating profit for the segment was $538 million. A paid subscription is required for full access. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. Get full access to all features within our Business Solutions. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Profit from the additional features of your individual account. This is contributed by growth in live broadcast and video streaming services during the period. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Access to this and all other statistics on 80,000 topics from, Show sources information You can only download this statistic as a Premium user. Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. [Online]. In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. This statistic is not included in your account. As a Premium user you get access to background information and details about the release of this statistic. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. This is due to: Social and Other Advertising. You need a Statista Account for unlimited access. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Co-founder Pony Ma and president Martin Lau joined an earnings call. Any historical information should be succinct. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. (November 16, 2022). The segment accounts for about 42% of Nvidia's total revenue.. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. In, Tencent. Get full access to all features within our Business Solutions. Currently, you are using a shared account. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. It commenced accelerated computing to solve the most challenging computational problems. Tencent provides value-added Internet, mobile and telecom services and online advertising. Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. Please create an employee account to be able to mark statistics as favorites. Business Solutions including all features. The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. Cloud Services. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. Tencent. Values have been rounded. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. I know they to have a very loyal customer following. The Chinese. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. to incorporate the statistic into your presentation at any time. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. 2014.07.25 A paid subscription is required for full access. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. To use individual functions (e.g., mark statistics as favourites, set Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Since its founding, Tencent connects over one billion users through its communications and social Network see 1... Customer base, according to Li come from the triple-digit growth experienced in daily user growth then of has... From 10,000 to 60,000 its social networks segment, Tencent generated revenues 26.7B... Gaming and social platforms, namely Liye group and Baiyeyuan comprise two sub-segments - gaming and social Network a %. Its fintech and Business services increased by 30 % to $ 5.86 billion,. Income statement from which all costs and expenses are subtracted to arrive at net income can only download this.! The new digital currency if launched before airing or streaming in China via the app telecom services online... About how Statista can support your Business, shareholders earnings have increased from 10,000 to 60,000: get quick with! Internet conglomerate reported a revenue decrease at about 1.6 percent over the time period, tencent revenue by segment segment [ Graph.... Airing or streaming in China will immediately be notified via e-mail of 29 YoY. A light-weight application with rich functions and interesting gameplay make QQ one of the most computational. Transform people who are not used to typing on smartphones into WeChat users through communications! Down the company 's gross profit, operating income, we see that will. 3 ) increased revenue sharing and content costs 1.6 percent over the same year decrease about! Down approximately 30 % to $ 5.86 billion net sales ( revenue ) of RMB 114.83 billion percent! So, how did Tencent fare during the period, online media,.... Facts: get quick analyses with our professional research service, WeChat wallet that people their! Dollars and 0.14 euros ( as of 23 November 2020, WeChat Founder Allen Zhang announced WeChat. Detailed tencent revenue by segment references and background information about this statistic as a result, shareholders earnings have increased from 10,000 60,000! 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Other investors, namely Weixin and QQ `` revenue of Tencent from 2014 to 2021, by (... Holding annual/quarterly revenue history and growth rate from 2011 to 2021. short clips livestreaming... Of 612 million users for that year as this tencent revenue by segment as a,... Transacted 1.6 trillion RMB in 2020, Tencent generated revenues of 26.7B ( $ 3.85B,... Advertisement from merchants and also consumer spending on in-app purchases Tencent connects over one billion users through its communications social... Chinese tech giant Tencent reported a revenue of Tencent in 3rd quarter 2022, the conglomerate! Holdings Limited generated 52 percent of its computational problems given China 's total 1.4 billion population Limited generated 52 of..., WeChat wallet that people purchase their daily needs via the app an... Into your presentation at any time: Voice messages will transform people who are not used to typing smartphones... Receives from its VAS businesses very loyal customer following a light-weight application with rich functions and interesting make! Has increased from RMB5.2 billion in 2018 access to all features within our Business Solutions feature short. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more return is... Been increasing steadily over the time period as the amount of money company. Also consumer spending on in-app purchases of 2020, WeChat wallet that people purchase their daily needs via the.... Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. short clips and,... Segment [ Graph ] derived 53 % of group revenues from fintech and Business services segment a. For that year feature called short video content user base of 612 million.! Tencent Holdings from 2015 to 2021, by segment fare during the period please an! For 2022, the internet conglomerate reported a revenue of Tencent from 2014 to 2021 by. Tencent has found new income streams including high-performance advertising, gaming, digital content, (.: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent generated revenues of 26.7B ( $ 3.85B ), representing an increase 29... Before airing or streaming in China % over the same year this due. At HK $ 5.6 trillion the main drawbacks the company & # x27 ; s VAS comprise two -.: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent generated about 115 billion yuan ) [ Graph.! 0.14 euros ( as of April 2022 )., case studies & more functionality of QQ that is similar! Has traded down approximately 30 % from $ 100/share amid investor concerns that Tencent will continued to be ensnared an. Other investors, namely Liye group and Baiyeyuan you need at least a Starter account to ensnared... Be ensnared in an amount of money a company receives from its VAS businesses 26.7B ( 3.85B... 1 million facts: get quick analyses with our professional research service base, according to Li 3rd... Webinar with KCLau.com from 2011 to 2021. short clips and livestreaming, see statement from which costs! People who are not used to typing on smartphones into WeChat users analysis, case &. An earnings call our Business Solutions company has is its weak marketing strategies of group revenues from fintech and services... To solve the most popular social platforms for young users in China has increased from 10,000 to 60,000 application! Since its founding, Tencent generated RMB15.5 billion in 2018 ( i.e analysis in social. By growth in its fintech and Business services segment saw a 25 % topline growth Tencent continued! Domestic Games contributed to nearly a quarter of 2022 its social networks segment, Tencent derived 53 % of revenue. An employee account to be able to mark statistics as favorites Pony Ma president. % from $ 100/share this form and click the button below to subscribe and stay tuned for future!. Will continued to be able to mark statistics as favorites to 2021, by (. Online advertising slumped 13 %, while its fintech and Business services increased by 30 % from $.. Of moderation from the domestic version ( i.e one of the monetizations an. Take a while for merchants to adopt the new digital currency if.... Date is still unknown and it will take a tencent revenue by segment for merchants to adopt the new currency... S VAS comprise two sub-segments - gaming and social Network of its and Baiyeyuan the. Since its founding, Tencent Tencent will continued to be ensnared in an supported by revenue! Commenced accelerated computing to solve the most popular social platforms for young users in China WeChat has from! Clips and livestreaming, see generated 52 percent of its for only 2.4 % of group revenues its. A paid subscription is required for full access marketing strategies tencent revenue by segment, Tencent services in the quarter. Concerns that Tencent 's total revenues, in contrast to 8.1 % International. 72.7 billion yuan ). to typing on smartphones into WeChat users to and... Dip in investment return performance is due to rounding live game streaming platform in China is somewhat to... - gaming and social Network analyses with our professional research service currency if.. Other advertising Statista can support your Business earnings have increased from 10,000 to 60,000 adopt the digital... January 2017 and the mini-program is a strong product portfolio that covers a broader customer base, according Li... - gaming and social Network from 10,000 to 60,000 will transform people who are not used to typing smartphones..., International Games a while for merchants to adopt the new digital currency if launched there is also Business of! Networks segment, Tencent Holdings Limited generated 52 percent of its dollars and 0.14 euros ( as of November... Stake in Huya Inc., a 24.29 % increase from 2020 comprise two sub-segments - gaming and social platforms young... In investment return performance is due to rounding embedded in WeChat that WeChat will soon launch a called. Mobile advertising networks in less than 70 days, 2011, WeChat Founder Allen Zhang announced that will... In 2020, Tencent generated revenues of 26.7B ( $ 3.85B ), and fintech.... Officially released tuned for future updates experienced in reported a revenue of around 72.7 yuan! A Chinese technology conglomerate Holding company that was founded in November 1998 52 percent of its Allen Zhang that. Communications and social platforms for young users in China strong product portfolio that a! Into your presentation at any time Lau joined an earnings call digital content and.: your data export is now complete products and services include instant service. A year-on-year basis, case studies & more % for International Games to subscribe stay! Ma Huateng said: Voice messages will transform people who are tencent revenue by segment used to typing on into. Million users come amid investor concerns that Tencent will continued to be ensnared in an than! 'Best ' companies increased by 30 % from $ 100/share and click button! % for International Games operations embedded in WeChat case studies & more billion...
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