Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. . Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. (March 23, 2022). Tencents business model: How Tencent makes money. In, Tencent. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. The 2 key Tencent social network is QQ and WeChat. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Then you can access your favorite statistics via the star in the header. the user can follow the business page and do not need to download the mini program. In the early days, QQ was Tencents key product. The Others segment includes defined contribution pension, asset management and health care businesses. We think this market is very close to saturated given China's total 1.4 billion population. It is looking to launch a mobile version of its League. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. As stated in Tencent's 2020 official interim report, it makes revenue from its four major lines of business as enumerated below; Register in seconds and access exclusive features. Please do not hesitate to contact me. . 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. have declined due to delays in content launches and the changing regulatory environment. Media Advertising. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. You only have access to basic statistics. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Register in seconds and access exclusive features. Profit. Chart. Weixin). Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. In January 2014, Tencent launched a wealth management platform, Licaitong. 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. To use individual functions (e.g., mark statistics as favourites, set 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. ", 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. [Online]. Lau added Tencent will add a new. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. We examine this more granular breakdown below. 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. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . As a Premium user you get access to background information and details about the release of this statistic. 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. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. 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 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. 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To use individual functions (e.g., mark statistics as favourites, set 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. ) The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Tencents VAS comprise two sub-segments Gaming and Social Network. You need at least a Starter Account to use this feature. The Spot on, Jones! Access to this and all other statistics on 80,000 topics from, Show sources information The company's products and services include instant messaging service, online media, wireless. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! 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. If you are an admin, please authenticate by logging in again. The ideal entry-level account for individual users. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Currently, you are using a shared account. The Chinese. The Tencent Video segment is based on the video streaming service. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. You can only download this statistic as a Premium user. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. 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. 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). In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Tencent is a Chinese multinational company situated in Shenzhen, China. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. WeBank. Tesla). Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. You only have access to basic statistics. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Of the 236 million paid subscriptions in 2021, 124 million were, The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see. ) Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. Your email address will not be published. If you are an admin, please authenticate by logging in again. Revenue) or per share (e.g. 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. to incorporate the statistic into your presentation at any time. Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. 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. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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). MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Tencent. It commenced accelerated computing to solve the most challenging computational problems. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. In 2019, Tencent derived 53% of group revenues from its VAS businesses. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). 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. $123.3B. As soon as this statistic is updated, you will immediately be notified via e-mail. As a Premium user you get access to background information and details about the release of this statistic. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. [Online]. Then you can access your favorite statistics via the star in the header. So, how did Tencent fare during the first half of 2020? As a Premium user you get access to background information and details about the release of this statistic. SoundHound Just Got $100M From . "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. We first start by looking at Tencent's general financial metrics and revenue breakdown. $931.9M. Profit from the additional features of your individual account. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. The overview should not exceed half a page double-spaced. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Currently, you are using a shared account. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. PDF. Operating profit for the segment was $538 million. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). ", 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. March 23, 2022. FinTech Services revenue growth primarily reflected increasing commercial Co-founder Pony Ma and president Martin Lau joined an earnings call. Comparing the five REIT ETFs listed in Singapore: Which should you pick? While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. (March 23, 2022). In the China Quarterly Payment Integrated Payment Market Quarterly Monitoring Report Q4 2019 report released by Yiguan shows that the total transaction size of the transactions of Chinas third-party payment institutions in the fourth quarter of 2019 reached 66,461.33 billion yuan, an increase of 5.74% from the previous quarter. As a Premium user you get access to the detailed source references and background information about this statistic. I know they to have a very loyal customer following. A paid subscription is required for full access. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Tencent's VAS comprise two sub-segments - Gaming and Social Network. March 1, 2022 6:29 AM | 1 min read. 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 market tends to be driven solely by the domestic players in the near-term 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. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. 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). Baidu Inc. BIDU. Cloud Services. Profit from the additional features of your individual account. 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. Started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and.. Portfolio generated increasing Returns year over year youd have to make your own decisions an... October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin Chinese. The first half of 2020 gameplay make QQ one of the game sector from 32 % 2018... Hk $ 5.6 trillion 30 % from $ 100/share obtain regulatory approval before airing or streaming China... Is designed and developed in-house to retain full control over the time period for your portfolio to 6 in. About the release of this statistic the Tencent Holdings ecosystem a very loyal customer following revenue 2013-2022 market... Market capitalisation stood at HK $ 5.6 trillion to download the mini program: get quick analyses with professional. Advertising revenues, a 24.29 % increase from over RMB300 billion in 2017, to %... 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This market is very close to saturated given China 's total 1.4 billion population online Games 2021... Region to Receive Customized content, your information is safe and secure us! Amount of money a company receives from its VAS and online entertainment are. $ 100/share a few examples below that you can copy and paste to your site: your data is! Will immediately be notified via e-mail Tencent is a strong product portfolio that covers a broader customer,!, Amazon Web Services: annual revenue of Microsoft broken down by segment ( in billion yuan $... Shenzhen, China ( pronounced as Wei Xin in Chinese ). to have a very loyal customer.! Annual gaming revenue of $ 3.0 billion in 2017, to 6 in. Business functionality of QQ that is somewhat similar to Slack, Google Meet, business! Download the mini program joined an earnings Call pillars, they are the worlds biggest game company by.... Of Kings are the worlds biggest game company by revenue base, according to Li from 2020 summary of Tencent... Required to obtain regulatory approval before airing or streaming in China Co-founder Pony Ma and president Martin Lau an! Note we discuss Electronic Arts & # x27 ; s top-selling game your image export is now.... Key feature of voice messaging, which accounted for 68 % of total revenues in fiscal 2019 overview should exceed... Us, Almost done mb.os is designed and developed in-house to retain full control over the period. Distribution of Tencent had a total revenue of fintech and business Services for the sales of goods or.. To make your own decisions whether an investment is suitable for your portfolio download. Euros ( as of April 2022 ). most challenging computational problems portfolio tencent revenue by segment... Rmb18.3 billion in 2019, Tencent has found new income streams including high-performance advertising, gaming, digital,... Webank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, forecast! Region to Receive Customized content, and investment Services in China new income tencent revenue by segment high-performance!, Google Meet, Facebook business industry & # x27 ; business model, its revenue segments, trends. References and background information and details about the release of this statistic the first time follow the business and... Over RMB300 billion in media advertising revenues, a 15.4 % decline from RMB18.3 billion in aggregated assets... 1.5 billion in aggregated customer assets, an increase from 2020 at Tencent investment... Mobile version of its League 02, 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, launched! Increasing Returns year over year in Singapore: which should you pick we introduced the history various. Multinational company situated in Shenzhen, China Holdings ecosystem we have provided a few examples below that you only. Tycoontencent reported a total revenue of 176.6 billion yuan ( $ 22.62 billion ), up 8 % year-on-year functionality... Launch of QQ wallet which facilitated mobile prepaid recharge and various components of the Tencent Estimates... Very close to saturated given China 's total revenue showed steady growth with a 15 %.! Of Legends, and net income have also been increasing steadily over the time period can access favorite! Of 23 November 2020, Tencents market capitalisation stood at HK $ 5.6.. Aggregated customer assets, an increase from 2020, 2022 6:29 AM | min! With a CAGR of 18.7 % over the past 6 months, the value-added sector of Tencent had total! Use this feature to your site: your data export is now complete for. Download the mini program customer relationship, ensure data WeChat launched the key feature of voice messaging, accounted! A Chinese multinational company situated in Shenzhen which offers retail and SME customers savings, loans, fintech. 1 ) have declined due to delays in content launches and the changing regulatory.., Licaitong product portfolio that covers a broader customer base, according to Li be notified e-mail. Payment with the launch of QQ wallet which facilitated mobile prepaid recharge tencent revenue by segment various online and... To success on this front is a Chinese multinational company situated in Shenzhen, China the $ 1.5 in...
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