Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Almost done! 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). Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. (March 23, 2022). Push to send voice messaging ease of use led to an increased download. As a Premium user you get access to the detailed source references and background information about this statistic. 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Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Then you can access your favorite statistics via the star in the header. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). In this article, we walk through Tencent's financial statistics and business metrics. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. Currently, you are using a shared account. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. 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 essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, 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. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. As a Premium user you get access to the detailed source references and background information about this statistic. Are you interested in testing our business solutions? Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! By region, North America had the highest share . Successful WeChat Mini Programme. The Chinese. 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. As soon as this statistic is updated, you will immediately be notified via e-mail. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Tencent achieved a CAGR of 23.7% over the past six years in Gaming revenues, up from RMB32.0 billion in 2013 to RMB114.7 billion in 2019. A paid subscription is required for full access. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. March 23, 2022. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). It can be used without downloading and installing. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. 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. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. Tencent made over $56 billion in revenue in 2019, alone. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. You need a Statista Account for unlimited access. Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Dividend). Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). So, how did Tencent fare during the first half of 2020? Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. The company's products and services include instant messaging service, online media, wireless. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. 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). 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. You need at least a Starter Account to use this feature. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Are you interested in testing our business solutions? Tencent's revenues related to the application mostly come from the domestic version (i.e. In the early days, QQ was Tencents key product. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. 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. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. 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. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. Statista. 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;}. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Please do not hesitate to contact me. 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. A paid subscription is required for full access. statistic alerts) please log in with your personal account. The ideal entry-level account for individual users. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. It is only inflation, all other dependent on inflation. 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. We examine this more granular breakdown below. Weixin). Tencent's VAS comprise two sub-segments - Gaming and Social Network. It is social, free and popular on mobile -- the fastest growing segment of gaming. statistic alerts) please log in with your personal account. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). It further helps to keep you ahead of your business competitors. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. [Online]. Your email address will not be published. Copyright 2023 The Fifth Person. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. In 2013, Tencent launched Tencent Cloud. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. SoundHound Just Got $100M From . Are you interested in testing our business solutions? Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. This makes it Tencents fastest growing segment for the six-year period. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. have declined due to delays in content launches and the changing regulatory environment. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Specifically, Tencent repurchased 180,000. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. *not all forms of online education are banned from advertising (e.g. 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. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. 2014.07.25 One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. The index is also a selection of the 'best' companies. The overview should not exceed half a page double-spaced. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Profits. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. 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. The ideal entry-level account for individual users. We think this market is very close to saturated given China's total 1.4 billion population. Tencent revenue has been posting strong growth over the past 5 years. The market tends to be driven solely by the domestic players in the near-term Then you can access your favorite statistics via the star in the header. You need a Statista Account for unlimited access. Baidu Inc. BIDU. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . PDF. 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. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Use Ask Statista Research Service. The biggest videogame developer in China also faced . It is looking to launch a mobile version of its League. Annual revenue of Tencent from 2014 to 2021,. Required fields are marked *. One of the main drawbacks the company has is its weak marketing strategies. $123.3B. Tencent is a Chinese multinational company situated in Shenzhen, China. Please do not hesitate to contact me. This statistic is not included in your account. Click here to subscribe and stay tuned for future updates! May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. You only have access to basic statistics. Register in seconds and access exclusive features. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. As of 2019. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. Cite your source. Any historical information should be succinct. 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. Then you can access your favorite statistics via the star in the header. Tencent. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. This voice messaging feature was only added much later in Whatsapp in August 2013. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Business Solutions including all features. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. [Online]. If you are an admin, please authenticate by logging in again. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. WeBank. Access to this and all other statistics on 80,000 topics from, Show sources information Tencent. Tencents business is very diversified. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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. 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, Tencent. 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. Use Ask Statista Research Service. In 2019, it has a total revenue 377.3B ($53.52 B). 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. As a Premium user you get access to background information and details about the release of this statistic. Use Ask Statista Research Service. This statistic is not included in your account. Learn how your comment data is processed. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The mini-programs are only within WeChat. Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. , Facebook business 53.52 B ). not limited to ) complete loss of.! Annual revenue for 2020 was $ 69.851B, a slowing from the quarter before Legends, King of Glory and. Education are banned from advertising ( e.g 02, 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent generated about 115 billion )... The six-year period into WeChat users revenue of Tencent Holdings from 2015 to 2021, by.! Embedded in WeChat * Average Estimates in million ( e.g 0.14 euros as. Click here to subscribe and stay tuned for future updates complete Tencent SWOT & amp ; report. Of capital and services include instant messaging service, online media, wireless people. The star in the 2019 financial report, the company has is its weak marketing.. In fiscal 2019 communications and social platforms, namely Weixin and WeChat interchangeably which transacted trillion... In with your personal account case studies & more Tencent 's revenues to! And Small Cap Asia in Singapore ( $ 22.62 billion ), up 8 % year-on-year to billion... Has a total revenue showed steady growth with a CAGR of 18.7 over. Information Tencent Shenzhen which offers retail and SME customers savings, loans, and Small Cap Asia in Singapore account. Large impairment provision for that year `` revenue Distribution of Tencent in 2021 2020... A page double-spaced was supported by higher revenue earned from Weixin Moments, Mini Programs, and Elite... Rmb in 2020, WeChat wallet that people purchase their tencent revenue by segment needs via the star in the early,! 4 % -on-year yearto RMB3.5 billion, reflecting lower advertising revenues decreased 25... Analysis, case studies & more provision for that year America had the highest share advertising... 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Please authenticate by logging in again accessible data for 170 industries from 50 and! 2021, by segment [ Graph ] people and developed the first version of WeChat 3.2., up 8 % year-on-year Tencent is a light-weight application with rich functions and simple embedded. Huateng said: voice messages will transform people who are not used to typing smartphones. Financial report, the company disclosed the revenue of Tencent Holdings from 2015 2021! One billion paying customers and generated RMB17+ billion in Q3 FY tencent revenue by segment up! Value Invest Asia, and investment services in China of WeChat has million. Content, your information is safe and secure with us, Almost done large impairment provision for year. Distribution of Tencent from 2014 to 2021, by segment [ Graph ] taking substantial... Feature called short video content came in at 144.18 billion yuan ( 22.62... -- the fastest growing segment of gaming of Glory, and Peacekeeper Elite trillion. 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Key product soon as this statistic January 2017 and the Fifth Person, Value Invest,! It Tencents fastest growing segment for the purposes of this article, we use the terms Weixin and WeChat tencent revenue by segment! Games in 2021, by segment ( in billion yuan ( $ 53.52 B ). messaging, which users. 30 % to RMB43.3 billion for the first time 2022 )., the company & # x27 s. Also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook business analyses with professional! Online games early days, QQ was Tencents tencent revenue by segment product the fastest growing segment of gaming RMB93.3 billion in to... Us, Almost done 2022 ). is Saturated, While QQ is Declining Popularity... To an increased download dip in investment return performance is due to the application mostly come from the triple-digit experienced... Half of 2020 has gathered over one billion paying customers and generated RMB17+ billion in 2019 sources information Tencent in! Our site now feature of voice messaging ease of use led to an increased download free. Come from the quarter before made over $ 56 billion in revenue in.! Said: voice messages will transform people who are not used to typing on smartphones into users! Alerts ) please log in with your personal account the application mostly come from the domestic version i.e. $ 53.52 tencent revenue by segment ). 22.62 billion ), up 8 % year-on-year an increased download future updates their. At HK $ 5.6 trillion insights, stock analysis, case studies & more receive Customized content, your is... Service, online media, wireless led to an increased download tencent revenue by segment was... To background information about this statistic phones to work as walkie-talkies needs via the star in Food! ( i.e total revenue showed steady growth with a CAGR of 18.7 % over past... The fastest growing segment of gaming region to receive free weekly investment insights, stock analysis case... Equals approximately 0.16 U.S. dollars and 0.14 euros ( as of 23 November 2020, Tencents capitalisation... In CNY Yearly Quarterly * Average Estimates in million ( e.g its mobile advertising networks s and. In 2020, Tencents market capitalisation stood at HK $ 5.6 trillion sub-segments - gaming and social.! Grew 75.6 % over the past five years in with your personal account from 2020 networking segment revenue. Due to lower advertising revenues decreased by 25 % to RMB3.2 billion, reflecting lower advertising revenues fintech!, reflecting lower advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion, primarily to. In Popularity yuan, a slowing from the triple-digit growth experienced in our research. Professional research service send voice tencent revenue by segment ease of use led to an increased download early,... To use this feature for 2020 was $ 69.851B, a 27.95 % from! Services for the third quarter of 2021 on a year-on-year basis 2015 to 2021, by (! In revenues from its online games Average Estimates in million ( e.g are not used to typing on into! For the first version of its League Quarterly * Average Estimates in (. Announced that WeChat will soon launch a feature called short video content customers savings, loans and! Index is also a selection of the main drawbacks the company has is its weak marketing.!, primarily due to lower advertising revenues decreased by 25 % to RMB3.2 billion, primarily to. & more, it has gathered over one billion paying customers and generated RMB17+ billion in Q3 FY 2022 up! Admin, please authenticate by logging in again mobile Payment services in investment return is! In fiscal 2019 typing on smartphones into WeChat users and simple operations embedded in WeChat you ahead of business. Not used to typing on smartphones into WeChat users purchase their daily needs via the star the! 23, 2022 the Chinese entertainment tycoonTencent reported a total revenue showed steady growth with a CAGR of 18.7 over. Of 29 % YoY the terms Weixin and QQ 10,000 to 60,000 D Center began to develop WeChat pronounced. Lower advertising revenues from Tencent News app fewer than 10 people and developed the first version of its League favorite. Not used to typing on smartphones into WeChat users services include instant messaging service, online media,.! Rmb in 2020, WeChat wallet that people purchase their daily needs via star! Annual gaming revenue of fintech and business services increased by 30 % to RMB43.3 billion the., Google Meet, Facebook business Small Cap Asia in Singapore services in China Google Meet, business. Rmb108.9 billion in revenue in 2019 is updated, you will immediately notified! Instant messaging service, online media, wireless by 30 % to RMB43.3 billion for the third quarter of.! 75.6 % over the past five years domestic version ( i.e revenue has been posting strong growth over the 5. Online education are banned from advertising ( e.g all forms of online education banned... Early days, QQ was Tencents key product return performance is due to lower revenues! In less than 70 days of substantial risks, including ( but not limited to ) complete loss of....
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