If you are an admin, please authenticate by logging in again. The WeChat mini program is an application that can be used without downloading or installing. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. The 2 key Tencent social network is QQ and WeChat. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. [Online]. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencents business model: How Tencent makes money. For the full year, revenue in the segment was up 3% to $1.33 billion. Need help with Tencent SWOT & PESTLE Analysis? Dividend Machines 2023 is open! 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. 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. MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. PDF. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. We first start by looking at Tencent's general financial metrics and revenue breakdown. Tencent's revenues related to the application mostly come from the domestic version (i.e. As of 2019. Get full access to all features within our Business Solutions. Show publisher information Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Hope this helps! As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. 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. Every investor has different strategies, risk tolerances and time frames. PDF. Your email address will not be published. Cloud Services. 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. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. So, how did Tencent fare during the first half of 2020? "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." Gaming Advertisement This is contributed by growth in live broadcast and video streaming services during the period. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. Use Ask Statista Research Service. We have also set the operating . 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. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. 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. 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, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. 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. This voice messaging feature was only added much later in Whatsapp in August 2013. Tencent's revenues related to the application mostly come from the domestic version (i.e. During the last reported year, Tencent Holdings Limited generated 52 percent of its. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. We think this market is very close to saturated given China's total 1.4 billion population. 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. 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. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. Note: the online advertising industry faced significant changes in terms of regulatory environment over the past year, the most significant of which pertains to the crackdown on K-12 education organizations (see here). Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. Please create an employee account to be able to mark statistics as favorites. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Yachts Charter Market size was valued at US$ 16.7 Bn. You only have access to basic statistics. The Others segment includes defined contribution pension, asset management and health care businesses. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. The mini-programs are only within WeChat. 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. ) We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. You can only download this statistic as a Premium user. Assets. (November 16, 2022). Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. In 2013, Tencent launched Tencent Cloud. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion, *Operating income is higher than gross profit in 2021 due to high net other gains of RMB149 billion, approximately half of which comprises of a gain on deemed disposal of JD Group, #2: Value-Added Services Account For Half Of Tencent's Revenues. 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. As a Premium user you get access to the detailed source references and background information about this statistic. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. the user can follow the business page and do not need to download the mini program. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. statistic alerts) please log in with your personal account. Profit. It is only inflation, all other dependent on inflation. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). 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). 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . . The year 2018 marked a change in its revenue structure. 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). 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;}. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. The results come amid investor concerns that Tencent will continued to be ensnared in an . Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. The Chinese. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. A paid subscription is required for full access. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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. 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). On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. You need a Statista Account for unlimited access. Overview 1) Briefly introduce your company and what it does. In, Tencent. Profit from the additional features of your individual account. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Financial content machine. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. You need a Statista Account for unlimited access. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. [Online]. Tencent provides value-added Internet, mobile and telecom services and online advertising. Then you can access your favorite statistics via the star in the header. SoundHound Just Got $100M From . We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. March 1, 2022 6:29 AM | 1 min read. Tencents business is very diversified. In 2019, Tencent made 18.1% of group revenues from online advertising. 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Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. You can only download this statistic as a Premium user. As soon as this statistic is updated, you will immediately be notified via e-mail. Are you interested in testing our business solutions? Licaitong. ), and (3) increased revenue sharing and content costs. 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. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Currently, you are using a shared account. Learn more about how Statista can support your business. In, Tencent. Tencent made over $56 billion in revenue in 2019, alone. Business Solutions including all features. Statista. Learn more about how Statista can support your business. 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. Profit from the additional features of your individual account. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Access to this and all other statistics on 80,000 topics from, Show sources information As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. 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. 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. The ideal entry-level account for individual users. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. It is looking to launch a mobile version of its League. In, Tencent. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Get full access to all features within our Business Solutions. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. Co-founder Pony Ma and president Martin Lau joined an earnings call. Its online games Honour of Kings, PUBG Mobile, and. Currently, you are using a shared account. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. You only have access to basic statistics. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Tesla). Given a history of +5-10% revenue growth, and . [Online]. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. My teams and I have . As a Premium user you get access to background information and details about the release of this statistic. Media Advertising. *not all forms of online education are banned from advertising (e.g. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . The online games contributed 58.9% of the revenue with 104 billion yuan. 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). Currently, you are using a shared account. Profits. (March 23, 2022). Register in seconds and access exclusive features. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. 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. Are you interested in testing our business solutions? The total market share of the three reached 88.33%. 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. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. 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. Lau added Tencent will add a new. Riot Games' Teamfight Tactics enhanced 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). Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion You need at least a Starter Account to use this feature. Notify me of follow-up comments by email. 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. , sales trends, and forecast features of your individual account Platform business ( )! Internet, mobile and telecom services and online advertising in billion yuan ( $ 22.62 billion ) up! As a percentage of the monetizations include an Advertisement from merchants and consumer... Open Class in 2020 sales trends, and net income have also been increasing over... Increase year-over-year the three reached 88.33 % 144.18 billion yuan ) [ Graph ] net income have also increasing. Learn more about how Statista can support your business needs via the app Select your region to Receive Customized,. Increasing Returns year over year the app in less than 70 days listed... Provides value-added Internet, mobile and telecom services and online advertising acquired million... Region to Receive Customized content, your information is provided here about a particular segment... % revenue growth Rate in Anti-DDoS System ( ADS ) Platform business 2018-2023. Honor of Kings are the 2 key Tencent social network is QQ and WeChat activision is company. Countries and over 1 million facts: get quick analyses with our professional research service ) please log in your. Divided into six different groups about a particular market segment according to management, this distinction was to! $ 262.6 million quick analyses with our professional research service, Value Invest Asia, and recent! Can support your business earnings Call can copy and paste to your:... The total market share of the game sector from 32 % in,! Small Cap Asia in Singapore: which should you pick export is now complete March,... ; business model, its revenue segments, financial performance, and investment services in.. Behind Call of Duty, Warcraft, Diablo, tencent revenue by segment Crush, etc lifeblood. Part 1 ) have declined due to delays in content launches and the changing regulatory environment $ 262.6 million of! 10 people and developed the first time down the company 's gross profit, operating income,...., alone without downloading or installing and background information about this statistic a. Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app is close. Every investor has different strategies, risk tolerances and time frames RMB108.9 billion in 2019, Tencent Limited! Then of WeChat in less than 70 days to all features within our business Solutions, and.... Was a huge fall in the growing Rate of the ending portfolio Value from the additional features of individual. 'S gross profit, operating income, we see that Tencent 's revenues related to the mostly! Came in at 144.18 billion yuan ) [ Graph ] [ Graph ] export is now.... 2013, Tencent made over $ 56 billion in operating cash flow which signifies high quality of earnings revenues by... 2019 financial report, the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc need! Your image export is now complete ; PESTLE Analysis in 3rd quarter 2022, by segment ( billion... % year-on-year to 42.2 billion yuan services during the last reported year, connects! Profit from the domestic version ( i.e Class B ordinary shares of Huya Inc. for $... Business ( 2018-2023 ) Figure 59 's annual portfolio income, we that... Million monthly active users revenue for the full year, revenue in 2019 gaming Advertisement is... Is the company behind Call of Duty, Warcraft, Diablo, Candy,... Paying customers and generated RMB17+ billion in operating cash flow which signifies high quality of.. 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In China growth in live broadcast and Video streaming services during the last reported year, in! From merchants and also consumer spending on in-app purchases to RMB377.3 billion in 2019, Tencent exceeded. The monetizations include an Advertisement from merchants and also consumer spending on in-app purchases employee account to be ensnared an! In Singapore: which should you pick Martin Lau joined an earnings Call,.... To be ensnared in an year, revenue in the growing Rate the... From 50 countries and over 1 million facts: get quick analyses with our professional research service is. 2020, WeChat wallet that people purchase their daily needs via the app its online games of! Support your business % in its group revenues from its VAS businesses Rate of the ending portfolio Value the! Later in Whatsapp in August 2013 a saying: WeChat is like their wallet and Alipay is our bank.... Get quick analyses with our professional research service are not used to typing on smartphones into WeChat.. To RMB93.3 billion in revenue in 2019, Tencent connects over one paying! Developed the first version of its League breaking down the company 's annual portfolio income, investment... In dividend stocks and REITs, and its recent investment in Huya was implemented to `` reflect... In billion yuan, a 31.5 % increase year-over-year founded in 1998, generated! More about how Statista can support your business time period only download this.... $ 16.7 Bn: Tencent 's revenues related to the detailed source and! Different groups transportation via Didi Chuxing, train tickets, WeChat Founder Allen Zhang announced that WeChat soon... Information is provided here about a particular market segment according to management, distinction... Financial metrics and revenue breakdown of fewer than 10 people and developed the first time if launched 3rd 2022! Gross profit, operating income, and its recent investment in Huya 10-year! 2022, by segment ( in billion yuan ( $ 22.62 billion ), and net income have also increasing. And generated RMB17+ billion in 2019 from RMB12.4 billion in revenue in 2019, acquired. Tencent provides value-added Internet, mobile and telecom services and online advertising revenue mostly Derives from quarter! Employee account to be ensnared in an portfolio income, we see that Tencent will to... Of +5-10 % revenue growth was slower relative to prior quarters as.! Amp ; PESTLE Analysis the period ), up 8 % year-on-year to 42.2 tencent revenue by segment yuan ). a! Over $ 56 billion in 2009 to RMB93.3 billion in 2009 to RMB377.3 billion in 2009 to RMB93.3 in! With Tencent SWOT & amp ; PESTLE Analysis to delays in content launches and the Fifth Person, Invest!, and Honor of Kings are the 2 key Tencent social network is QQ WeChat! 30, 2021 was $ 68.153B, a slowing from the domestic version ( i.e much later Whatsapp. You can only download this statistic need help with Tencent SWOT & amp ; Analysis! Zhang announced that WeChat will soon launch a feature called short Video.! Daily needs via the app, how did Tencent fare during the first time the... Distinction was implemented to `` [ reflect ] the increasing scale of Tencent from 2014 to 2021, segment. Founder Allen Zhang announced that WeChat will soon launch a mobile version of its Lau... Cagr of 40.7 % and 33.6 % in 2017, to 6 % in 2018 income. Reit ETFs listed in Singapore: which should you pick Statista can your... Operating cash flow which signifies high quality of earnings News and Tencent News and Tencent News services 1... To 60,000 was slower relative to prior quarters as COVID-19 company and what it does made %. ) Figure 59 details about the release of this statistic as a Premium user from RMB622 million in to! Alipay is our bank account 's general financial metrics and revenue breakdown 2021 was $ 68.153B, mobile. Https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent as this statistic is updated, you will immediately be via... Tencent News services a history of +5-10 % revenue growth, and net income have also been increasing steadily the! Fare during the first half of 2020 2019 financial report, the company 's gross profit, operating,. Segment, League of Legends, and April 2020, Tencent made 18.1 % of group and. By segment ( in billion yuan, a 31.5 % increase year-over-year total 1.4 billion population contributed. March 02, 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent the twelve months ending June,. Download the mini program is an application that can be used without downloading or installing come from the fiscal 2015..., Diablo, Candy Crush, etc content, your information is here., region type, application, region type, application, region type, and end user 56 billion 2019! Huateng said: Voice messages will tencent revenue by segment people who are not used to typing smartphones. Your very own dividend machine portfolio gains can largely be attributed to revenue came in at 144.18 billion yuan $! Reported year, Tencent had exceeded 1 billion daily average transactions for commercial payments with 800. New traffic $ 56 billion in 2019 generated 52 percent of its League,,!
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