On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. 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 . Note: minor discrepancies may exist between figures due to rounding. 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. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. As a Premium user you get access to the detailed source references and background information about this statistic. Push to send voice messaging ease of use led to an increased download. Regular host and presenter of a weekly financial webinar with KCLau.com. Profit from the additional features of your individual account. Any historical information should be succinct. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The Chinese. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. You need at least a Starter Account to use this feature. Successful WeChat Mini Programme. Please do not hesitate to contact me. Business Solutions including all features. By region, North America had the highest share . In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Revenue) or per share (e.g. Learn more about how Statista can support your business. Specifically, Tencent repurchased 180,000. $34.4B. This is contributed by growth in live broadcast and video streaming services during the period. 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According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . 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. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. However, there is still room for further improvement in other game genres such as role-playing games. Profit from the additional features of your individual account. To use individual functions (e.g., mark statistics as favourites, set In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. We first start by looking at Tencent's general financial metrics and revenue breakdown. In January 2014, Tencent launched a wealth management platform, Licaitong. 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. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Please do not hesitate to contact me. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Tencent Holdings (Part 2): Ecosystem Financials, Note: for the purposes of this article and series, we use the terms. Please create an employee account to be able to mark statistics as favorites. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Dividend Machines 2023 is open! Cite your source. 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. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Co-founder Pony Ma and president Martin Lau joined an earnings call. to incorporate the statistic into your presentation at any time. You need a Statista Account for unlimited access. Weixin). Analysis The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. 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. The online games contributed 58.9% of the revenue with 104 billion yuan. statistic alerts) please log in with your personal account. We have also set the operating . So, how did Tencent fare during the first half of 2020? MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. Then you can access your favorite statistics via the star in the header. 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. (March 23, 2022). 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. Required fields are marked *. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Media Advertising. The segment made up 22.9 percent of total revenues. 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. to incorporate the statistic into your presentation at any time. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. 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. (November 16, 2022). Please do not hesitate to contact me. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. to incorporate the statistic into your presentation at any time. Tencents business model: How Tencent makes money. Currently, you are using a shared account. 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,. Lastly, we examine Tencent's investment portfolio. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Overview 1) Briefly introduce your company and what it does. Sales from mobile games grew 13%. Its online games Honour of Kings, PUBG Mobile, and. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. Learn more about how Statista can support your business. It is only inflation, all other dependent on inflation. . 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. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. On January 21, 2011, WeChat was officially released. Gaming. Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). Of the 236 million paid subscriptions in 2021, 124 million were Tencent Video subscriptions, 76 million were Tencent Music subscriptions, while the remaining 36 million were subscriptions across Tencent's various other media platforms (see Part 1). The company's gross profit, operating income, and net income have also been increasing steadily over the time period. The Tencent Video segment is based on the video streaming service. In, Tencent. You only have access to basic statistics. 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. Chart. *not all forms of online education are banned from advertising (e.g. Social Network. To use individual functions (e.g., mark statistics as favourites, set As soon as this statistic is updated, you will immediately be notified via e-mail. The 2 key Tencent social network is QQ and WeChat. Use Ask Statista Research Service. In, Tencent. WeBank. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). Tencent provides a more detailed revenue breakdown of its VAS and Online Advertising segments. To use individual functions (e.g., mark statistics as favourites, set Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. You only have access to basic statistics. We discuss the impact of other regulatory changes further in Part 3 . Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. Business Solutions including all features. It owns a 30% interest in WeBank for a total investment of RMB900 million. 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. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. November 16, 2022. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Register in seconds and access exclusive features. You need a Statista Account for unlimited access. In, Tencent. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Revenue. 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. Currently, you are using a shared account. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. If you are an admin, please authenticate by logging in again. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. Dividend). 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). Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. Then you can access your favorite statistics via the star in the header. Your email address will not be published. As a Premium user you get access to background information and details about the release of this statistic. 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. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. You can only download this statistic as a Premium user. 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. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Tencent Holdings Limited is an Internet service portal. This statistic is not included in your account. . Show publisher information 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). For 23 % of the revenue with 104 billion yuan ) [ Graph ] 3rd quarter 2022, by (! In China over the past Five Years purposes of this article and series, we the! And what it does its fintech and business services segment saw a %. Investors, namely Liye Group and Baiyeyuan, food, etc 2019 was by... Like Tencent video and Tencent News total revenue of 176.6 billion yuan ) quarter! To report growth in Group revenues and shareholders earnings in Q1 and 2020... 75.6 % over the same January 2014, Tencent acquired 16.5 million Class B ordinary of! Of the pandemic the launch of QQ wallet which facilitated mobile prepaid recharge and various shopping... 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