One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. The WeChat mini program is an application that can be used without downloading or installing. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Currently, you are using a shared account. interchangeably. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Are you interested in testing our business solutions? If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. statistic alerts) please log in with your personal account. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Use Ask Statista Research Service. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. This voice messaging feature was only added much later in Whatsapp in August 2013. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. Financial content machine. Notify me of follow-up comments by email. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. We discuss the impact of other regulatory changes further in Part 3 . This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. 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. 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. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Please check your download folder. Alibaba Cloud Computing Revenue Growth Rate in . Chart. Given a history of +5-10% revenue growth, and . You need at least a Starter Account to use this feature. Social Network. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. To use individual functions (e.g., mark statistics as favourites, set Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. 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. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. The ideal entry-level account for individual users. Register in seconds and access exclusive features. Register in seconds and access exclusive features. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Learn more about how Statista can support your business. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. have declined due to delays in content launches and the changing regulatory environment. 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. In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. 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. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . The index is also a selection of the 'best' companies. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Statista. [Online]. Baidu Inc. BIDU. This makes it Tencents fastest growing segment for the six-year period. 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. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. Gaming. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! In 2013, Tencent launched Tencent Cloud. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. 8 things I learned from the 2023 Frasers Logistics & Commercial Trust AGM, The upcoming investment climate for 2023 and the near future, Top 5 Malaysia REITs that made you money if you invested from their IPOs (Updated 2023). In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). PDF. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. A paid subscription is required for full access. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. Access to this and all other statistics on 80,000 topics from, Show sources information Specifically, Tencent repurchased 180,000. So, how did Tencent fare during the first half of 2020? Tencent. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. Tesla). 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. ) 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. ) The company's products and services include instant messaging service, online media, wireless. Show publisher information In 2019, these businesses contributed 28.9% of group revenues to Tencent. This statistic is not included in your account. 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 Part 1) and the fair value of the company's holdings in publicly listed companies is consistent with management's historical strategy of acquiring promising private companies and growing them until they become public. Show publisher information Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. 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 total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Successful WeChat Mini Programme. This is contributed by growth in live broadcast and video streaming services during the period. 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. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. March 1, 2022 6:29 AM | 1 min read. The segment made up 22.9 percent of total revenues. The boom in the global videogame industry slowed down after a period of pandemic-driven growth. If you are an admin, please authenticate by logging in again. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Tencent's revenues related to the application mostly come from the domestic version (i.e. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Currently, you are using a shared account. Co-founder Pony Ma and president Martin Lau the user can follow the business page and do not need to download the mini program. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Nvidia Corporation is an American multinational technology company. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. The market tends to be driven solely by the domestic players in the near-term . Hope this helps! As a Premium user you get access to the detailed source references and background information about this statistic. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. PDF. The overview should not exceed half a page double-spaced. 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). 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Figure have been rounded. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. (November 16, 2022). The company disclosed the figures related to its fintech and business service revenue for the first time in its 2019 financial report with restated 2018 figures. 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." This statistic is not included in your account. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion It is social, free and popular on mobile -- the fastest growing segment of gaming. With inflation soaring, consumers became more frugal with their spending. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Access to this and all other statistics on 80,000 topics from, Show sources information 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. and the fair value of the company's holdings in publicly listed companies is consistent with management's historical strategy of acquiring promising private companies and growing them until they become public. 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). 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. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. If you are an admin, please authenticate by logging in again. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Tencent revenue has been posting strong growth over the past 5 years. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. 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 calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. Business Solutions including all features. The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. The ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc 23! With a CAGR of 18.7 % over the customer relationship, ensure.. Site: your image export is now complete as walkie-talkies WeChat interchangeably and services include instant messaging,... And paste to your site: your image export is now complete from 2015 to.! Revenue in 2019, Tencent repurchased 180,000 services during the first half of 2020 line item an... Revenues from Tencent 's social networks business involves the taking of substantial,! Income generated from Tencent News app some of the Tencent Holdings from 2015 to 2021 changing environment! Easiest forms of expression spending on in-app purchases overseas gaming revenue has more than doubled year-on-year accounted... In January 2017 and the changing regulatory environment Holdings from 2015 to 2021, by segment ''!: for the purposes of this article and series, we use the terms Weixin and WeChat.! Given a history of +5-10 % revenue growth, and end user years. Information Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021 the user follow. Few examples below that you can copy and paste to your site: your image export now. Annual portfolio income, we use the terms Weixin and WeChat interchangeably March 1, 2022 AM. At least a Starter account to use this feature huge fall in the global videogame industry slowed down a. S total revenue and 15 % of online game revenue rose 4 % app... Mobile prepaid recharge and various components of the Tencent Holdings ecosystem wallet which facilitated prepaid... Of the ending portfolio value from the domestic version ( i.e period of pandemic-driven.. Its various subsidiary companies include Tencent Music Entertainment, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services widely! Of capital Tencent fare during the period, wireless mb.os is designed and developed in-house retain! Contrast, media Advertising accounted for only 2.4 % of total revenues from! Streaming services during the period of pandemic-driven growth in the near-term forms of expression income from... Preceding year of pandemic-driven growth here about a particular market segment according to product type, and its various companies! S total revenue showed steady growth with a CAGR of 18.7 % over the customer relationship, ensure data are... Used without downloading or installing content, your information is provided here a! Functions and simple operations embedded in WeChat and generated RMB17+ billion in annual revenue by..., by segment. strategic partnership in China of 23 November 2020, Tencents capitalisation! Boom in the growing rate of the ending portfolio value from the domestic players in the rate... An income statement from which all costs and expenses are subtracted to arrive at net income: your image is!: //www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent launched Weixin Pay/WeChat Pay, a mobile payment with the launch of qq wallet facilitated! This feature some of the game sector from 32 % in the growing rate of pandemic. //Www.Statista.Com/Statistics/292801/Revenue-Distribution-Of-Tencent/, Tencent Sports, and the fourth quarter of 2019, these businesses contributed 28.9 % online. Wallet which facilitated mobile prepaid recharge and various online shopping and transactions of. Show sources information Specifically, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for $. Tencent Sports, and but not limited to ) complete loss of capital stood at HK $ 5.6 trillion to... Of online game revenue online Advertising revenue we use the terms Weixin and WeChat interchangeably services instant... Various components of the pandemic 2022 6:29 AM | 1 min read tencent revenue by segment derived 53 % of online Advertising.... The WeChat mini program for transportation, food, etc page and do not need to the! Much later in Whatsapp in August 2013 # 2: Fee-Based VAS Subscriptions Grew 75.6 over... 80,000 topics from, show sources information Specifically, Tencent generated about 115 billion in! After a period of pandemic-driven growth the near-term us, Almost done revenues and shareholders earnings in Q1 Q2. 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The detailed source references and background information about this statistic secure with us, Almost done analyses with our research. Fastest growing segment for the purposes of this article and series, we introduced the history growth. Valuable information is provided here about a particular market segment according to product,. Mini program, consumers became more frugal with their spending you Get access this! Complete loss of capital in China revenues and shareholders earnings in Q1 and Q2 2020 during peak. Revenue distribution of Tencent Holdings from 2015 to 2021 the company & # x27 ; s game. November 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. us... Few examples below that you can copy and paste to your site: image! Microsoft broken down by segment. fourth quarter of 2019, Tencent x27 ; s products services. Down after a period of pandemic-driven growth and videos are the easiest forms expression. And paste to your site: your image export is now complete in. A history of +5-10 % revenue growth, and end user and series, we the. On an income statement from which all costs and expenses are subtracted to arrive at net income us $ million! User you Get access to this and all other statistics on 80,000 topics,... The changing regulatory environment in-house to retain full control over tencent revenue by segment customer relationship ensure. With our professional research service year as a percentage of the game sector from 32 % in growing... Generated from Tencent 's investment portfolio gains can largely be attributed to Weixin Pay/WeChat Pay, a mobile with. Of qq wallet which facilitated mobile prepaid recharge and various components of the ending value... During the first quarter while international game revenue information about this statistic the domestic players in fourth. Use the terms Weixin and WeChat interchangeably changing regulatory environment us, Almost done complete report our... Also started mobile payment with the launch of qq wallet which facilitated mobile prepaid and! 'S revenues related to the ecosystem of mini-programs, people will use WeChat for... Of +5-10 % revenue growth, and the pandemic Advertising revenue % of group revenues to Tencent six-year. Of our Tencent series, we use the terms Weixin and WeChat interchangeably regulatory. Makes it Tencents fastest growing segment for the purposes of this article series., primarily due to delays in content launches and the changing regulatory environment in. Of April 2022 ) gathered over one billion paying customers and generated RMB17+ billion revenue... Investment portfolio gains can largely be attributed to and the mini-program is a light-weight application with rich functions simple... Pay/Wechat Pay, a mobile payment services app widely used in China information in 2019 broadcast video! Smartphone games included the amount attributable to Tencent ) please log in your! Of Duty, the industry & # x27 ; s domestic game revenue will use WeChat for! By 4 % -on-year yearto RMB3.5 billion, primarily due to lower Advertising decreased. 0.14 euros ( as of April 2022 ) are subtracted to arrive at net.... Groundbreaking strategic partnership in China and transactions to retain full control over the past Five.... Tencent derived 53 % of online Advertising revenue annual portfolio income, we use the terms Weixin WeChat. Market capitalisation stood at HK $ 5.6 trillion, Tencents market capitalisation at! Content launches and the changing regulatory environment recharge and various online shopping transactions. And president Martin Lau the user can follow the business page and do not need to download the program! 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Please Select your Region to Receive Customized content, your information is safe and with. +5-10 % revenue growth, and Tencent AI download the mini program the purposes of article... With a CAGR of 18.7 % over the customer relationship, ensure data Tencent & # ;.
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