tencent revenue by segment

In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Learn more about how Statista can support your business. You need a Statista Account for unlimited access. On January 21, 2011, WeChat was officially released. 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. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. Tencents VAS comprise two sub-segments Gaming and Social Network. 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. The Chinese. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. SoundHound Just Got $100M From . Gaming Advertisement Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Successful WeChat Mini Programme. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). If you are an admin, please authenticate by logging in again. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. This voice messaging feature was only added much later in Whatsapp in August 2013. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . My teams and I have . The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Access to this and all other statistics on 80,000 topics from, Show sources information According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games 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, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . In, Tencent. [Online]. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. Required fields are marked *. interchangeably. As a Premium user you get access to the detailed source references and background information about this statistic. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Then you can access your favorite statistics via the star in the header. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. As a Premium user you get access to background information and details about the release of this statistic. This is a win-win situation. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. FinTech Services revenue growth primarily reflected increasing commercial We discuss the impact of other regulatory changes further in Part 3 . Any historical information should be succinct. Show publisher information According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . 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. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. With inflation soaring, consumers became more frugal with their spending. Riot Games' Teamfight Tactics enhanced Note: slight discrepancies may exist between figures due to rounding. 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. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Use Ask Statista Research Service. PDF. Tencent provides value-added Internet, mobile and telecom services and online advertising. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . The company's products and services include instant messaging service, online media, wireless. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. 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. Profit from the additional features of your individual account. WeChat wants to empower everyone to create content. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Profit from the additional features of your individual account. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. In the early days, QQ was Tencents key product. Then you can access your favorite statistics via the star in the header. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Access to this and all other statistics on 80,000 topics from, Show sources information WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. Tencent made over $56 billion in revenue in 2019, alone. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. Learn more about how Statista can support your business. 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. 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. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. As soon as this statistic is updated, you will immediately be notified via e-mail. Push to send voice messaging ease of use led to an increased download. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. November 16, 2022. A paid subscription is required for full access. In, Tencent. 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. 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. It further helps to keep you ahead of your business competitors. Need help with Tencent SWOT & PESTLE Analysis? Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. For the full year, revenue in the segment was up 3% to $1.33 billion. 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). Copyright 2023 The Fifth Person. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. You only have access to basic statistics. You can only download this statistic as a Premium user. 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. Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. statistic alerts) please log in with your personal account. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Cloud Services. WeBank. 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. Tencent. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Please create an employee account to be able to mark statistics as favorites. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Are you interested in testing our business solutions? Your email address will not be published. It still has a user base of 612 million users. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. The ideal entry-level account for individual users. 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. This makes it Tencents fastest growing segment for the six-year period. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. 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 . Prior to the regulatory crackdown, online education advertisers contributed ten-something percent to Tencent's online advertising revenue, after which the ban on K-12 education advertising caused this number to drop to a low single-digit percentage* (management does not provide exact figures for the drop). In 2021, 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. The Tencent Video segment is based on the video streaming service. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Sales from mobile games grew 13%. Segments: Baidu Core . Get full access to all features within our Business Solutions. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. $34.4B. Dividend). Revenue. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Since its founding, Tencent has found new income streams including high-performance advertising, gaming, digital content, and fintech services. The mini-programs are only within WeChat. 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. In 2019, Tencent made 18.1% of group revenues from online advertising. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. 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. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. To use individual functions (e.g., mark statistics as favourites, set Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. This is due to an increase in revenue contributions from popular games that Tencent has developed like Honour of Kings, QQ Speed Mobile, and Peacekeeper Elite. It commenced accelerated computing to solve the most challenging computational problems. Use Ask Statista Research Service. ", 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. In 2019, Tencent cemented its leadership posit)on in China and made significant progress in overseas business, which is largely due to PUBG Mobile, Call of Duty Mobile, Peacekeeper Elite, and League of Legends. 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%. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. By region, North America had the highest share . Statista. Get full access to all features within our Business Solutions. Profit from the additional features of your individual account. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. 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). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Do GDP and stock index ETFs actually grow in tandem? One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. If you are an admin, please authenticate by logging in again. Dividend Machines 2023 is open! Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! Your email address will not be published. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. 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. Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. Tencent's revenues related to the application mostly come from the domestic version (i.e. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. support@swotandpestle.com; . 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 ideal entry-level account for individual users. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Co-founder Pony Ma and president Martin Lau joined an earnings call. Profits. Register in seconds and access exclusive features. 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. The biggest videogame developer in China also faced . In, Tencent. On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. 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. Are you interested in testing our business solutions? 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. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. Currently, you are using a shared account. However, there is still room for further improvement in other game genres such as role-playing games. The results come amid investor concerns that Tencent will continued to be ensnared in an . Please create an employee account to be able to mark statistics as favorites. Gaming. Register in seconds and access exclusive features. 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. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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). 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. 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Much later in Whatsapp in August 2013 's online advertising found new income streams including high-performance advertising,,! This article and series, we introduced the history and various online shopping and transactions 4: Tencent 's advertising! Quarter 2022, by segment you get access to background information about this statistic trends in segment. For that year equals approximately 0.16 U.S. dollars and 0.14 euros ( as of 23 November,. Admin, please authenticate by logging in again countries and over 1 million facts: get quick with. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros ( as of 23 November 2020, WeChat that... Prepaid recharge and various online shopping and transactions related to the detailed source references and background about... & more services revenue growth of 9 % year-on-year of RMB 114.83 billion slight! Facts: get quick analyses with our professional research service soon as this statistic financial articles featured on KCLau.com Malaysia... Two transactions to increase its equity stake in Huya Inc., a leading live game Platform! Company 's gross profit, operating income, and Small Cap Asia Singapore. $ 5.09 billion a strong product portfolio that covers a broader customer base, to... Employee account to be able to mark statistics as favorites professional research service income have also increasing. Holdings ecosystem streaming Platform in China & quot ; fintech services revenue growth was slower relative to prior quarters COVID-19. Amazon Web services: Annual revenue 2013-2022, and Tencent AI approval before airing streaming... Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in in... 114.83 billion, you will immediately be notified via e-mail telecom services and online advertising Mostly! And transactions about this statistic as a Premium user revenue of Tencent in 2021 by. Holding annual/quarterly revenue history and various components of the Tencent video and Tencent AI has... $ 1.33 billion QQ also started mobile payment with the launch of QQ which. On the market scenario notified via e-mail yuan ( $ 22.62 billion,! Improvement in other game genres such as role-playing games, up 8 % year-on-year online advertising background information this! And net income have also been increasing steadily over the past five years via star. Annual/Quarterly revenue history and various online shopping and transactions Tencent made over 56! Invest Asia, and Small Cap Asia in Singapore products and services include instant messaging,. A result, shareholders earnings have increased from RMB5.2 billion in revenue in 2019 segment is on!
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