In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. Currently, you are using a shared account. Every user can use the video within 1 minute, or 9 pictures or less, to create content anytime, anywhere, and share life and world with more people. Regular host and presenter of a weekly financial webinar with KCLau.com. You can only download this statistic as a Premium user. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Access to this and all other statistics on 80,000 topics from, Show sources information As a Premium user you get access to the detailed source references and background information about this statistic. Comparing the five REIT ETFs listed in Singapore: Which should you pick? In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Tencent Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. Dividend investor. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Nvidia Corporation is an American multinational technology company. 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. to incorporate the statistic into your presentation at any time. I'm especially curious if anyone particularly loves/hates this at $67/share. 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. Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. As a Premium user you get access to background information and details about the release of this statistic. Please create an employee account to be able to mark statistics as favorites. Profit from the additional features of your individual account. You can only download this statistic as a Premium user. 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 and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . You need a Statista Account for unlimited access. This statistic is not included in your account. 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. Overview 1) Briefly introduce your company and what it does. 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million, acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Show publisher information The Spot on, Jones! This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. The Chinese tech giant Tencent continues to generate more revenue. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. (November 16, 2022). During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. Your email address will not be published. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. ", 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. It is looking to launch a mobile version of its League. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. To use individual functions (e.g., mark statistics as favourites, set Learn how your comment data is processed. interchangeably. 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. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). Tencent is the dominant name when it comes to gaming in China and is even reported as the world's largest video game vendor.The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. 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. PDF. Social Network. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Please create an employee account to be able to mark statistics as favorites. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. 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. Get full access to all features within our Business Solutions. It is social, free and popular on mobile -- the fastest growing segment of gaming. 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. Register in seconds and access exclusive features. 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. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. Segments: Baidu Core . You need at least a Starter Account to use this feature. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. Tencent Grows Online Gaming Revenues By 45% Year-Over-Year The annual growth in online gaming revenues marks the third consecutive quarter for this year in which the segment has. 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. Tencent. . To use individual functions (e.g., mark statistics as favourites, set Likewise, the large drop in fair value of listed shares in 2021 is presumably due to the tumble in Chinese stocks following the year's eventful regulatory developments. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. We discuss the impact of other regulatory changes further in Part 3 . $123.3B. Tencent is a Chinese multinational company situated in Shenzhen, China. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. 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). Please create an employee account to be able to mark statistics as favorites. Notify me of follow-up comments by email. statistic alerts) please log in with your personal account. Tencent Holdings Limited is an Internet service portal. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. 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