It is social, free and popular on mobile -- the fastest growing segment of gaming. 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 . MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . $123.3B. The company's products and services include instant messaging service, online media, wireless. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. to incorporate the statistic into your presentation at any time. It has brought together China's largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, e-commerce and others. Gaming. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. This statistic is not included in your account. This statistic is not included in your account. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. For the full year, revenue in the segment was up 3% to $1.33 billion. In 2019, it has a total revenue 377.3B ($53.52 B) Tencent Holdings Revenue by Year Tencent Revenue and its core channel Revenue is being broken down into the main 4 segments Tencent social network The 2 key Tencent social network is QQ and WeChat. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Chart. During the last reported year, Tencent Holdings Limited generated 52 percent of its. 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. Copyright 2023 The Fifth Person. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Weixin). 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. Push to send voice messaging ease of use led to an increased download. Business Solutions including all features. 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). It owns a 30% interest in WeBank for a total investment of RMB900 million. Please do not hesitate to contact me. Statista. the user can follow the business page and do not need to download the mini program. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. It further helps to keep you ahead of your business competitors. Profit from the additional features of your individual account. Your email address will not be published. On January 21, 2011, WeChat was officially released. Then you can access your favorite statistics via the star in the header. This makes it Tencents fastest growing segment for the six-year period. 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Use Ask Statista Research Service. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. The overview should not exceed half a page double-spaced. In, Tencent. Get full access to all features within our Business Solutions. In 2019, it has a total revenue 377.3B ($53.52 B). The company generated a net income of 21B ($2.99B) for the period, down 10% from 23.4B ($3.32B) in the same period in the previous year. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. 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. 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. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . Co-founder Pony Ma and president Martin Lau joined an earnings call. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its, The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. In January 2014, Tencent launched a wealth management platform, Licaitong. 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). Are you interested in testing our business solutions? Any historical information should be succinct. March 1, 2022 6:29 AM | 1 min read. . A paid subscription is required for full access. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Lastly, we examine Tencent's investment portfolio. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. The ideal entry-level account for individual users. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. 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