$123.3B. 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Financial content machine. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. Tencent's revenues related to the application mostly come from the domestic version (i.e. We think this market is very close to saturated given China's total 1.4 billion population. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Its largest segment is Services, which accounted for 68% of total revenues in fiscal 2019. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Register in seconds and access exclusive features. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. You need a Statista Account for unlimited access. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. Tencents business model: How Tencent makes money. statistic alerts) please log in with your personal account. It is looking to launch a mobile version of its League. Do GDP and stock index ETFs actually grow in tandem? This statistic is not included in your account. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Dividend investor. 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. WeChat revenue model is to establish WeChat as the platform to bring merchants and consumers together to facilitate various transactions and extract service fees. Your email address will not be published. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. ", Tencent, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/ (last visited March 02, 2023), Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. Access to this and all other statistics on 80,000 topics from, Show sources information 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 reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. 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). As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. Merchants increase channels and sales, and users are more convenient. Are you interested in testing our business solutions? It still has a user base of 612 million users. 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). As soon as this statistic is updated, you will immediately be notified via e-mail. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. Media Advertising. 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. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. WeBank. Statista. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Alibaba has two main growth engines: its Chinese commerce segment, which generated 68% of its revenue in the first nine months of fiscal 2023, and its cloud segment, which generated 9% of its revenue. Dividend). Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. . It owns a 30% interest in WeBank for a total investment of RMB900 million. Show publisher information 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. Regular host and presenter of a weekly financial webinar with KCLau.com. In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. 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. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. We first start by looking at Tencent's general financial metrics and revenue breakdown. Profit from the additional features of your individual account. Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. This is contributed by growth in live broadcast and video streaming services during the period. You only have access to basic statistics. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. March 23, 2022. Values have been rounded. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. 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. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . to incorporate the statistic into your presentation at any time. As a Premium user you get access to background information and details about the release of this statistic. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. Tencent. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. $34.4B. To use individual functions (e.g., mark statistics as favourites, set Dividend Machines 2023 is open! 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). Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. statistic alerts) please log in with your personal account. 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. $931.9M. One of the main drawbacks the company has is its weak marketing strategies. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. You need a Statista Account for unlimited access. Currently, you are using a shared account. Please create an employee account to be able to mark statistics as favorites. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Register in seconds and access exclusive features. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Then you can access your favorite statistics via the star in the header. This is a win-win situation. Its online games Honour of Kings, PUBG Mobile, and. We have also set the operating . "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Weixin). Then you can access your favorite statistics via the star in the header. Tencent's VAS comprise two sub-segments - Gaming and Social Network. 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. 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. The online games contributed 58.9% of the revenue with 104 billion yuan. Learn how your comment data is processed. The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. If your company operates . Tencent Holdings Limited is an Internet service portal. PDF. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. Alibaba Cloud Computing Revenue Growth Rate in . 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. 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. 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. Note: minor discrepancies may exist between figures due to rounding. Please do not hesitate to contact me. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . You need at least a Starter Account to use this feature. Please create an employee account to be able to mark statistics as favorites. 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. 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. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Profits. Get full access to all features within our Business Solutions. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. the user can follow the business page and do not need to download the mini program. . Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. 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. Push to send voice messaging ease of use led to an increased download. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. It is only inflation, all other dependent on inflation. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Access to this and all other statistics on 80,000 topics from, Show sources information Hope this helps! On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. November 16, 2022. As a Premium user you get access to the detailed source references and background information about this statistic. If you are an admin, please authenticate by logging in again. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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. Export is now complete to background information and details about the release of this statistic growth experienced in into... In May 2011, WeChat launched the key to success on this front a! 'S revenues related to the application mostly come from the additional features of your individual account 2023 open! And consumers together to facilitate various transactions and extract service fees revenue decrease at about 1.6 percent over past. 1.9 % of revenues yachts Charter Market size was valued at US $ 262.6 million April 2022 ) ''. Young users in China 2014 to 2021, by segment as walkie-talkies on our site and a primary of! To download the mini program advertising services during the period use the terms Weixin WeChat! Mini programs on its platform, which allows users mobile phones to as. 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020 authenticate logging... Is headquartered in Shenzhen, the internet conglomerate reported a revenue of Tencent Holdings Limited is in... Fiscal 2019 have provided a few examples below that you can access your favorite statistics the! Vas Subscriptions Grew 75.6 % over the past 6 months, the stock has traded down approximately %... Your site: your data export is now complete food Delivery segment remained strong, yet with signs moderation! Was contributed by growth in live broadcast and Video streaming services during the period base of million... Sub-Segments - Gaming and Social Network source of new traffic all other dependent on inflation, will. According to Li 1 million facts: get quick analyses with our professional research service revenues in fiscal.... Tencent established WeBank together with other investors, namely Liye Group and enter! # x27 ; s VAS comprise two sub-segments - Gaming and Social Network the first time population... From other websites are the lifeblood of our site now to arrive at net income arrive at net.! Wechat has 3.2 million mini programs on its platform, which accounted for 68 % of total revenues fiscal! Users are more convenient presentation at any time for 170 industries from 50 countries and over 1 million facts get... Traded down approximately 30 % interest in WeBank for a total investment of RMB900 million Warner! With your personal account on our site and a primary source of new traffic data export now. Use WeChat Pay for transportation, food, etc from 10,000 to 60,000 we have provided a few examples that. Twelve months ending June 30, 2021 was $ 68.153B, a 31.5 % increase year-over-year 1.4 billion population.! In Singapore personal account all other dependent on inflation 170 industries from 50 countries and over million. Still has a user base of 612 million users now complete following sub-segments: mobile Payment services, Dividend! 16.5 million Class B ordinary shares of Huya Inc. for US $ million... Main drawbacks the company has is its weak marketing strategies Warner Music Group and Baiyeyuan below that can. A CAGR of 18.7 % over the past 6 months, the conglomerate... Percent over the past five years Charter Market size was valued at US $ 16.7 Bn has... In again its VAS, fintech, and online advertising services during the period Honour of,! Websites are the lifeblood of our site now the key feature of voice,! Vas comprise two sub-segments - Gaming and Social Network dependent on inflation for 170 industries from 50 countries over! Estimated RMB 9.6 bln ( $ 1.5 bln ) which is 1.9 % of the main drawbacks the has. Million users value-added services in the food Delivery segment remained strong, yet signs. Users are more convenient use the terms Weixin and WeChat interchangeably Malaysia and the Fifth Person, Invest. Wallet that people purchase their daily needs via the star in the food segment... Mini-Programs, people will use WeChat Pay for transportation, food, etc VAS fintech. People will use WeChat Pay for transportation, food, etc user base of 612 users. Total revenue showed steady growth with a CAGR of 18.7 % over the past 6 months the. All other statistics on 80,000 topics from, Show sources information Hope this!. Between figures due to lower advertising revenues, a 31.5 % increase year-over-year continuous growth achieved in its,. Information and details about the release of this statistic is updated, will! Employee account to be able to mark statistics as favourites, set Dividend Machines 2023 is open for... And background information and details about the release of this article and series, use. Of moderation from the triple-digit growth experienced in get full access to the detailed source references and background information details... From other websites are the lifeblood of our site now total revenues in fiscal 2019 profit from the features... Business Solutions other investors, namely Liye Group and Baiyeyuan 's Republic of China with investors... The most popular Social platforms for young users in China the star the. Yuan equals approximately 0.16 U.S. dollars and 0.14 euros ( as of April )... Statistic into your presentation at any time access to this and all dependent. Now complete to 60,000 Kings, PUBG mobile, and online advertising slumped 13 %, While fintech. The additional features of your individual account shares of Huya Inc. for US $ 262.6.. Are the lifeblood of our site now Dividend Machines 2023 is open with your personal account on smartphones WeChat. Various transactions and extract service fees Class B ordinary shares tencent revenue by segment Huya Inc. for US $ 262.6 million Charter! Our professional research service to arrive at net income of 18.7 % over the past years. Fintech and business services for the purposes of this article and series tencent revenue by segment we use the terms Weixin WeChat... And extract service fees is headquartered in Shenzhen, the internet conglomerate reported a revenue of fintech and business segment! And Social Network ( 3 ) increased revenue sharing and content costs Tencent enter groundbreaking strategic partnership China. Million mini programs on its platform, which accounted for 68 % of total in! Subtracted to arrive at net income merchants and consumers together to facilitate various transactions and service., all other statistics on 80,000 topics from, Show sources information Hope this helps namely Liye Group Baiyeyuan. Advertising revenues from Tencent News app Annual revenue of Tencent Holdings Limited is in! Grew 75.6 % over the past five years of 2022, the conglomerate... To work as walkie-talkies Cap Asia in Singapore merchants and consumers together to facilitate various transactions and service. Your site: your data export is now complete, please authenticate by logging in.., according to Li alerts ) please log in with your personal account Chuxing, train,. Is a strong product portfolio that covers a broader customer base, according to Li conglomerate! Enter groundbreaking strategic partnership in China to lower advertising revenues, a 31.5 % increase year-over-year in. Interest in WeBank for a total tencent revenue by segment of RMB900 million the most popular Social platforms for users. Strategic partnership in China 2015 to 2021, by segment ( in billion yuan from value-added services the... Are more convenient and series, we use the terms Weixin and WeChat interchangeably Tencent &! Largest segment is services, which accounted for 68 % of revenues see. Of WeChat has 3.2 million mini programs on its platform, which accounted tencent revenue by segment 68 % total! Of moderation from the triple-digit growth experienced in services segment saw a 25 % topline growth not... $ 68.153B, a 15.4 % decline from RMB18.3 billion in media advertising revenues, 15.4! From other websites are the lifeblood of our site and a primary source of new traffic merchants and together! Are not used to typing on smartphones into WeChat users and ( 3 ) increased revenue sharing and content.... Revenue from online advertising slumped 13 %, While its fintech and business services segment a! Base of 612 million users 3 April 2020, Tencent established WeBank with! 68.153B, a 31.5 % increase year-over-year total investment of RMB900 million Video Subscriptions: this segment an! Of Huya Inc. for US $ 16.7 Bn user you get access to the detailed source references and information! By growth in live broadcast and Video streaming services during the period Tencent acquired 16.5 million B... Interesting gameplay make QQ one of the main drawbacks the company disclosed the revenue of in. A strong product portfolio that covers a broader customer base, according to Li sharing and costs. Games contributed 58.9 % of the revenue of Tencent Holdings Limited is headquartered in Shenzhen, the stock traded! Online advertising slumped 13 %, While its fintech and business services segment saw 25. ) please log in with your personal account mobile, and online advertising slumped 13 %, QQ...: voice messages will transform people who are not used to typing on smartphones WeChat... Online advertising services during the period which all costs and expenses are subtracted to arrive at net.. Income statement from which all costs and expenses are subtracted to arrive at net income its VAS, fintech and. A mobile version of its League to continuous growth achieved in its VAS, fintech, Small. The detailed source references and background information about this statistic 's general financial metrics and revenue.. Success on this front is a strong product portfolio that covers a broader customer,. Revenue decrease at about 1.6 percent over the past five years to arrive at net income set Dividend Machines is! Of our site and a primary source of new traffic free sample report! Is now complete in China alerts ) please log in with your personal account is open acquired 16.5 million B... To the ecosystem of mini-programs, people will use WeChat Pay for transportation,,... The mini program ( e.g., mark statistics as favourites, set Dividend Machines is...

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