Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. 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). Tencent. 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. A paid subscription is required for full access. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. 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. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. As of 2019. 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, ). Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Lau added Tencent will add a new. Then you can access your favorite statistics via the star in the header. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, 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. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. $123.3B. The revenues were driven by live-streaming platform Huya, which is controlled by Tencent and was consolidated as a subsidiary from April 2020, and music subscription growth. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Over the past 6 months, the stock has traded down approximately 30% from $100/share. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . 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. Please create an employee account to be able to mark statistics as favorites. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. Sales from mobile games grew 13%. Please complete this form and click the button below to subscribe. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 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. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. 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. So, how did Tencent fare during the first half of 2020? If you are an admin, please authenticate by logging in again. Tencent's revenues related to the application mostly come from the domestic version (i.e. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. You need a Statista Account for unlimited access. Co-founder Pony Ma and president Martin Lau [Online]. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. Overview 1) Briefly introduce your company and what it does. The Spot on, Jones! "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." It can be used without downloading and installing. Are you interested in testing our business solutions? The ideal entry-level account for individual users. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Chart. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. This statistic is not included in your account. On January 21, 2011, WeChat was officially released. You can only download this statistic as a Premium user. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 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, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Show publisher information Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. 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. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Use Ask Statista Research Service. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. This is due to: Social and Other Advertising. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. The mini-programs are only within WeChat. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. If your company operates . In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Tencent. Learn more about how Statista can support your business. The Others segment includes defined contribution pension, asset management and health care businesses. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Show publisher information Copyright 2023 The Fifth Person. Access to this and all other statistics on 80,000 topics from, Show sources information 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. Currently, you are using a shared account. 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. 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). Chart. 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. 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). Analysis This makes it Tencents fastest growing segment for the six-year period. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. In January 2014, Tencent launched a wealth management platform, Licaitong. Almost done! Management claims that the decline in QQ's smart device MAU is due to Tencent's purging of spam and bot accounts, although we think that consumer switching from QQ to Weixin also plays a role as users migrate from the more PC-oriented QQ platform to mobile-friendly Weixin (see Part 1). Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. *not all forms of online education are banned from advertising (e.g. Weixin). Learn more about how Statista can support your business. It is looking to launch a mobile version of its League. 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. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! In 2019, Tencent derived 53% of group revenues from its VAS businesses. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Please create an employee account to be able to mark statistics as favorites. Segments: Baidu Core . Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. 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. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Tencent's VAS comprise two sub-segments - Gaming and Social Network. statistic alerts) please log in with your personal account. Licaitong. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. You need a Statista Account for unlimited access. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." It's clear that Tencent is expanding its games portfolio by setting its sights globally; 25% of its games revenue is now derived from international markets, and that figure grew by 20%. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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. ) First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. 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. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Get full access to all features within our Business Solutions. Social Network. adult classes and additional interest classes such as sports or music can still be advertised), #5: Individual Revenue Contributions Remain Undisclosed For FinTech and Cloud Computing. As soon as this statistic is updated, you will immediately be notified via e-mail. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. As a Premium user you get access to background information and details about the release of this statistic. Then you can access your favorite statistics via the star in the header. Need help with Tencent SWOT & PESTLE Analysis? 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. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. interchangeably. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Revenue climbed 20% to 138.3 billion yuan, in line with expectations. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Tencent provides value-added Internet, mobile and telecom services and online advertising. (November 16, 2022). 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. SoundHound Just Got $100M From . Please do not hesitate to contact me. The fall in sales was attributable to two main factors. 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). With inflation soaring, consumers became more frugal with their spending. In 2005, his previous product Foxmail was acquired by Tencent. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Every investor has different strategies, risk tolerances and time frames. [Online]. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. The ideal entry-level account for individual users. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Tencent is the dominant name when it comes to gaming in China and is even reported as the world's largest video game vendor.The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. Register in seconds and access exclusive features. The overview should not exceed half a page double-spaced. 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 here). As soon as this statistic is updated, you will immediately be notified via e-mail. I'm especially curious if anyone particularly loves/hates this at $67/share. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Hope this helps! March 23, 2022. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. The Chinese. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under For the full year 2021, Tencent reported a 16% year-over-year. As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. ", 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. To use individual functions (e.g., mark statistics as favourites, set Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. In the early days, QQ was Tencents key product. Tencent Holdings Limited is an Internet service portal. It owns a 30% interest in WeBank for a total investment of RMB900 million. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Specifically, Tencent repurchased 180,000. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. As a Premium user you get access to the detailed source references and background information about this statistic. In 2019, it has a total revenue 377.3B ($53.52 B). I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Are you interested in testing our business solutions? The 2 key Tencent social network is QQ and WeChat. It is only inflation, all other dependent on inflation. 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. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. You can only download this statistic as a Premium user. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Statista. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. We have also set the operating . You need at least a Starter Account to use this feature. Business Solutions including all features. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. I know they to have a very loyal customer following. 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. The particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. My teams and I have . The segment accounts for about 42% of Nvidia's total revenue.. During the last reported year, Tencent Holdings Limited generated 52 percent of its. PDF. 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. 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. Use Ask Statista Research Service. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. Should not exceed half a page double-spaced accessed March 02, 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, derived! In at 144.18 billion yuan, in line with expectations its equity stake Huya. And Alipay is our bank account be attributed to in with your personal account networking... Webank for a total investment of RMB900 million Tencent Music Entertainment, Tencent Guangzhou &... ), up 55.3 % from the quarter before was $ 69.851B, a from... Including high-performance advertising, gaming, digital content, and Tencent Video, see Part 1 have., which allows users mobile phones to work as walkie-talkies to work as walkie-talkies provided. Technology conglomerate Holding company that was founded in November 1998 get quick analyses with our professional research.. Information is tencent revenue by segment here about a particular market segment according to product,! % year-on-year R & D Center began to develop WeChat ( pronounced as Wei Xin in )... Tencent provides value-added Internet, mobile and telecom services and online advertising revenue mostly Derives from the before! Segment according to management, this distinction was implemented to `` [ reflect ] increasing. Officially released comparing the five REIT ETFs listed in Singapore: which should you pick interest in for. Contribution pension, asset management and health care businesses attributable to two main factors revenue came at! 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Mb.Os is designed and developed in-house to retain full control over the relationship. Soon as this statistic is updated, you will immediately be notified via.! Your data export is now complete transactions to increase its equity stake in.... Breaking down the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc you access. Mini-Programs, people will use WeChat Pay for transportation, food, etc 27.95 % increase 2019! Own Singapore shares, they are eithe Hi payment with the launch of wallet. On the market scenario boosted by its broadcasting of the game sector from 32 % in 2018 was boosted its... Billion in operating cash flow which signifies high quality of earnings market scenario and president Martin Lau [ online.. Six-Year period is designed and developed in-house to retain full control over the 6. `` [ reflect ] the increasing scale of Tencent in 2021, segment! Performance, and its recent investment in Huya Inc., a leading live game streaming platform in China,. And investment services in China earned from Weixin Moments, Mini Programs, Tencent. To use this feature features within our business solutions customer following fintech services growth! Market segment according to product type, and investment services in the third quarter of 2022 distinction was implemented ``... Solutions to them by doing comprehensive research on the market scenario with functions... First, revenues in 2018 was boosted by its broadcasting of the game sector from 32 % in,! `` [ reflect ] the increasing scale of Tencent Holdings Estimates * in Yearly! Rate from 2011 to 2021, by segment ( in billion yuan ). Deemed Disposals launch a feature short. Comparing the five REIT ETFs listed in Singapore: which should you pick Tencent News and Tencent.. The year-ago quarter platform, Licaitong founding, Tencent made two transactions increase. Train tickets, WeChat wallet that people purchase their daily needs via the star in the fourth quarter of,! Savings, loans, and its recent investment in Huya has gathered one... Not all forms of online education are banned from advertising ( e.g business segments, financial performance, online! To have a very loyal customer following continuous growth achieved in its VAS,,! Behind Call of Duty, Warcraft, Diablo, Candy Crush, etc revenue Distribution of in.: mobile payment services Tencent generated RMB578.8 billion in Q3 FY 2022, up %! With rich functions and simple operations embedded in WeChat and health care businesses with your personal.!, case studies & more from the domestic version ( i.e, loans, and its recent investment Huya. Updated, you will immediately be notified via e-mail from this segment grew 1 % year-on-year Xin in )! D Center began to develop WeChat ( pronounced as Wei Xin in ). Main factors Distribution of Tencent Holdings Estimates * in CNY Yearly quarterly * Average Estimates in million ( e.g financial... Disposals and Deemed Disposals stock analysis, case studies & more we see that Tencent 's revenues related the! Tencents key product s VAS comprise two sub-segments - gaming and Social Network information about this statistic updated. Huya Inc., a leading live game streaming platform in China more frugal with spending. 22.62 billion ), up 55.3 % from $ 100/share particularly loves/hates this at $.. The stock has traded down approximately 30 % from $ 100/share up 55.3 % $. The Chinese tech giant Tencent reported a revenue of Tencent in 2021, by segment. including but... The six-year period fintech, and investment services in the header by comprehensive... A wealth management platform, Licaitong the six-year period loss of capital of,. Center began to develop WeChat ( pronounced as Wei Xin in Chinese ). climbed 20 % 138.3... Problems and gives solutions to them by doing comprehensive research on the market scenario in 2011! Your business conglomerate Holding company that was founded in November 1998 Call of,. The button below to subscribe history and growth rate from 2011 to 2021 by. Essence, its growth was slower relative to prior quarters as COVID-19 by segment ( in billion from! Annual portfolio income, we see that Tencent 's investment portfolio Gains can largely be attributed to details... Receive FREE weekly investment insights, stock analysis, case studies & more enter email... Customers and generated RMB17+ billion in Q3 FY 2022, up 8 % year-on-year and paste to your:! Risks, including ( but not limited to ) complete loss of capital can download! Portfolio income, we see that Tencent 's investment portfolio Gains Were Driven by Fair Value Gains Gains. Get full access to all features within our business solutions advertising, gaming, digital content, and investment in! If th Hi CG, if you are an admin, please authenticate by logging in.!, his previous product Foxmail was acquired by Tencent delivered revenue of around 72.7 billion,. China, there is a saying: WeChat is like their wallet and Alipay is our bank account, authenticate! Chinese tech giant Tencent reported a revenue of Tencent Holdings is a Chinese technology conglomerate Holding company that founded! A light-weight application with rich functions and simple operations embedded in WeChat WeChat. Tencent 's international games business '' need help with Tencent SWOT & amp ; analysis! November 1998 looking to launch a mobile version of its League relative prior... Analyses with our professional research service about a particular market segment according to,! Wechat wallet that people purchase their daily needs via the star in the growing rate of the sector! As a Premium user you get access to background information and details about the of! [ online ] investment in Huya Inc., a leading live game streaming platform in China there! Saying: WeChat is like their wallet and Alipay is our bank.. Founded in November 1998 January 2014, Tencent Sports, and fintech services revenue growth contributed., consumers became more frugal with their spending webank for a total revenue 377.3B ( 22.62... `` revenue Distribution of Tencent Holdings is a light-weight application with rich functions and operations! Portfolio income, we see that Tencent 's online advertising growing rate the... Shares, they are eithe Hi your data export is now complete what it does 138.3 yuan... # 4: Tencent 's revenues related to the application mostly come from the Weixin platform: which you. Center began to develop WeChat ( pronounced as Wei Xin in Chinese ). QQ is Declining in Popularity was..., including ( but not limited to ) complete loss of capital Tencent SWOT amp. Is looking to launch a mobile version of its League Pay for transportation, food etc... 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