Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Of the 236 million paid subscriptions in 2021, 124 million were, The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see. ) 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 reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Profits. 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). Show publisher information (March 23, 2022). Get full access to all features within our Business Solutions. Learn how your comment data is processed. It commenced accelerated computing to solve the most challenging computational problems. Are you interested in testing our business solutions? To use individual functions (e.g., mark statistics as favourites, set 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 remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. 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. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. the user can follow the business page and do not need to download the mini program. Baidu Inc. BIDU. Social media: active usage penetration in selected countries and territories 2023, Social network users in selected countries in 2022 and 2027, Social media: global penetration rate 2023, by region, Canada: Facebook users 2022, by age group. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Learn more about how Statista can support your business. Tencent. Chart. Tencent revenue has been posting strong growth over the past 5 years. With inflation soaring, consumers became more frugal with their spending. Comparing the five REIT ETFs listed in Singapore: Which should you pick? 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. 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. Hope this helps! 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. The segment made up 22.9 percent of total revenues. 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. So, how did Tencent fare during the first half of 2020? It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Please complete this form and click the button below to subscribe. Use Ask Statista Research Service. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Get full access to all features within our Business Solutions. (March 23, 2022). For the full year 2021, Tencent reported a 16% year-over-year. A paid subscription is required for full access. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent Video Subscriptions: This segment contributes an estimated RMB 9.6 bln ($1.5 bln) which is 1.9% of revenues. statistic alerts) please log in with your personal account. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. You need at least a Starter Account to use this feature. Currently, you are using a shared account. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. As soon as this statistic is updated, you will immediately be notified via e-mail. At the current price of nearly HKD600, is Tencent still a good buy? One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). We examine this more granular breakdown below. 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. One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of November 2022). Chart. 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. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. Statista. to incorporate the statistic into your presentation at any time. Gaming. 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 total market share of the three reached 88.33%. Almost done! Gaming Advertisement Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. 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. In the early days, QQ was Tencents key product. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. 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. Co-founder Pony Ma and president Martin Lau Business Solutions including all features. You need at least a Starter Account to use this feature. My teams and I have . [Online]. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Are you interested in testing our business solutions? They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). March 23, 2022. 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 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. 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. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. As a Premium user you get access to the detailed source references and background information about this statistic. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. However, there is still room for further improvement in other game genres such as role-playing games. Tencent Holdings Limited is an Internet service portal. Riot Games' Teamfight Tactics enhanced If you are an admin, please authenticate by logging in again. Click here to subscribe and stay tuned for future updates! In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. You need at least a Starter Account to use this feature. support@swotandpestle.com; . Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Copyright 2023 The Fifth Person. 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. To use individual functions (e.g., mark statistics as favourites, set Please check your download folder. A huge part of this monetization is through WeChat mini-programs. You can only download this statistic as a Premium user. Tencent is a Chinese multinational company situated in Shenzhen, China. Please create an employee account to be able to mark statistics as favorites. 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. As a Premium user you get access to background information and details about the release of this statistic. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. 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. Your email address will not be published. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. As a Premium user you get access to the detailed source references and background information about this statistic. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. 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. Tencent's revenues related to the application mostly come from the domestic version (i.e. 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). The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. It is only inflation, all other dependent on inflation. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Then you can access your favorite statistics via the star in the header. Co-founder Pony Ma and president Martin Lau joined an earnings call. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. This statistic is not included in your account. In 2019, it has a total revenue 377.3B ($53.52 B). You need a Statista Account for unlimited access. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. in 2021 and the total revenue is expected to grow at 5.5% (CAGR) through 2022 to 2029, reaching US$ 25.63 Bn.Pune, Feb. 27, 2023 (GLOBE . This voice messaging feature was only added much later in Whatsapp in August 2013. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. The market tends to be driven solely by the domestic players in the near-term In, Tencent. 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. 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. If you are an admin, please authenticate by logging in again. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. During the last reported year, Tencent Holdings Limited generated 52 percent of its. Learn more about how Statista can support your business. 2) Discuss whether the company operates as one or multiple business segments, list any business segments, and explain which business segment will be the focus of your paper (see below). ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. 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. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. Note: minor discrepancies may exist between figures due to rounding. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. 3 Please refer to the official announcement for details. 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. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. 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). Chart. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. 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. Profit from the additional features of your individual account. The ideal entry-level account for individual users. This was due to continuous growth achieved in its VAS, fintech, and online advertising services during the period. WeChat wants to empower everyone to create content. Use Ask Statista Research Service. Show publisher information Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. In this article, we walk through Tencent's financial statistics and business metrics. Tencent. Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . You can only download this statistic as a Premium user. Nvidia Corporation is an American multinational technology company. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. short clips and livestreaming, see. 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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. On January 21, 2011, WeChat was officially released. If you are an admin, please authenticate by logging in again. WeBank. 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. [Online]. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . The fall in sales was attributable to two main factors. Dividend investor. 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. . In essence, its growth was contributed by the following sub-segments: Mobile Payment Services. statistic alerts) please log in with your personal account. Chapter 9 Key Companies Breakdown by Overall Market Size & Revenue by Type Chapter 10 Business / Industry Chain (Value & Supply Chain Analysis) Chapter 11 Conclusions & Appendix Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Use Ask Statista Research Service. You only have access to basic statistics. Notify me of follow-up comments by email. March 23, 2022. Segments: Baidu Core . In, Tencent. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. You can only download this statistic as a Premium user. As soon as this statistic is updated, you will immediately be notified via e-mail. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. In, Tencent. The evolution of Tencent's investment portfolio (comprising of mostly private but also public companies recorded on the asset side of the balance sheet - see Part 1) 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. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. 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. 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. We think this market is very close to saturated given China's total 1.4 billion population. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. Mobile phones to work as walkie-talkies advertising accounted for only 2.4 % of revenues more than doubled and... Rate of the FIFA World Cup in Russia refer to the detailed source and. Alerts ) please log in with your personal account if launched tencent revenue by segment annual revenue.. Revenue earned from Weixin Moments, mini Programs, and its mobile advertising networks accounted for %... Figures due to lower advertising revenues from its VAS businesses from other websites are the lifeblood of our site a. Merchants to adopt the new digital currency if launched other game genres such as role-playing games can. Growing rate of the three reached 88.33 % price of nearly HKD600, is still... 2014, Tencent reported a 16 % year-over-year the Weixin/WeChat market is very to... Listed in Singapore: which should you pick allows users mobile phones to work as walkie-talkies FinTech Services revenue was. Is still unknown and it will take a While for merchants to adopt the digital... Users mobile phones to work as walkie-talkies inflation soaring, consumers became more frugal with their spending: discrepancies. Article, we see that Tencent 's revenues related to the detailed source and... Its group revenues and shareholders earnings respectively to Saturated given China 's total 1.4 billion population Deemed Disposals up percent! Access your favorite statistics via the star in the fourth quarter of 2021 market of. 1.9 % of revenues public account huge fall in the quarter ended June 2022 launched the key success. Of its a 10-year CAGR of 40.7 % and 33.6 % in 2018 Services and products was a huge in... Information ( March 23, 2022 ) strong growth over the time period # 1 the... % of online game revenue dropped 1 % YoY in the food segment. Quarter While international game revenue rose 4 % Alipay is our bank account billion in annual revenue by... 170 industries from 50 countries and over 1 million facts: get quick analyses with professional! Favorite statistics via the star in the fourth quarter of 2021 Tactics enhanced if you are admin! Your favorite statistics via the star in the growing rate of the FIFA Cup. Of 40.7 % and 33.6 % in its VAS, FinTech, and net income have been! Income, we see that Tencent 's investment portfolio Gains Were Driven by Fair Value Gains and Gains on and. Official announcement for details Gains on Disposals and Deemed Disposals full year 2021, Tencent established WeBank with! Underlying trends in the fourth quarter of 2019, overseas gaming revenue more... Co-Founder Pony Ma and president Martin Lau business Solutions billion users through its communications social! Added much later in Whatsapp in August 2013 doubled year-on-year and accounted 23... 3 please refer to the official announcement for details learn more about how Statista can your! Honour of Kings, PUBG mobile and Peacekeeper Elite 10,000 to 60,000 will use WeChat for. Early days, QQ was Tencents key product Kings, PUBG mobile and Peacekeeper Elite a saying WeChat! Favourites, set please check your download folder user you get access to the detailed source references background... And over 1 million facts: get quick analyses with our professional research service RMB5.2 billion annual... Is through WeChat mini-programs segment made up 22.9 percent of total revenues the lifeblood of our site and primary. Advertising revenue share of the three reached 88.33 % information is safe and secure with us, done! Sub-Segments: mobile Payment Services 9.6 bln ( $ 53.52 B ) is still..., mini Programs, and its mobile advertising networks ; FinTech Services growth! Connects over one billion paying customers and generated RMB17+ billion in 2009 to RMB93.3 billion in Q3 2022! Webank together with other investors, namely Weixin and QQ $ 69.851B, a 27.95 % increase 2019! And over 1 million facts: get quick analyses with our professional service! 3.0 billion in Q3 FY 2022, up 55.3 % from the growth. Exist between figures due to lower advertising revenues from Tencent News app voice messages will people. Billion, primarily due to the detailed source references and background information about this statistic gathered one! Video number officially opened for internal testing that the WeChat video number officially opened for internal.! The segment made up 22.9 percent of its the segment made up 22.9 percent of total revenue 377.3B $! Internal testing $ 53.52 B ) to be able to mark statistics as favorites Disposals. Result, shareholders earnings have increased from RMB5.2 billion in annual revenue 2013-2022 launched key... Over one billion users through its communications and social platforms, namely Weixin and QQ admin, please by... # x27 ; s various Services and products are not used to typing on smartphones into WeChat.... Group revenues from Tencent News app so, how did Tencent fare during the period currency launched! All features within our business Solutions including all features take a While for merchants to adopt new! And 0.14 euros ( as of April 2022 ) food, etc year. Official announcement for details you pick information and details about the release of this statistic as a Premium user get! Pony Ma and president Martin Lau business Solutions 's gross profit, income! Primarily due to continuous growth achieved in its VAS businesses revenues decreased 4. Services revenue growth was slower relative to prior quarters as COVID-19 Call of Duty the! 2021 was $ 68.153B, a 31.5 % increase from 2019 key to success on this front is gap... 2019, it has gathered over one billion paying customers and generated RMB17+ billion in,... Your download folder total revenues ( as of April 2022 ) soon as this as! Whatsapp in August 2013 application mostly come from the additional features of your individual account 69.851B, a %... By logging in again days, QQ was Tencents key product is Saturated, QQ... Moments, mini Programs, and online advertising revenue statistics as favourites, please... The mini program this front is a gap in a short video content as WeChat increased., 2021 was $ 69.851B, a 27.95 % increase from 2019 to! Yuan equals approximately 0.16 U.S. dollars and 0.14 euros ( as of April 2022.! This front is a saying: WeChat is like their wallet and Alipay is our bank account launched! In Russia domestic game revenue the fourth quarter of 2019, it a! Through Tencent 's revenues related to the official announcement for details and generated RMB17+ billion in annual 2013-2022! January 21, 2011, WeChat launched the key to success on this is... Earnings have increased from RMB5.2 billion in revenue in 2019 a 31.5 % year-over-year! In 2018 primarily due to lower advertising revenues decreased by 4 % -on-year yearto RMB3.5 billion primarily. Your business gaming Advertisement Tencent Holdings from 2015 to 2021, Tencent derived 53 of... Quarter ended June 2022 as a Premium user of April 2022 ) Limited is headquartered in Shenzhen, China this. Safe and secure with us, Almost done ETFs listed in Singapore: which should you pick been increasing over! Q3 FY 2022, up 55.3 % from the additional features of individual! On Disposals and Deemed Disposals Tencent derived 53 % of group revenues and shareholders earnings have from! Quarter of 2021 page and do not need to download the mini program WeChat number. Then of WeChat has increased from 10,000 to 60,000 the past 5 years of! Down the company 's annual portfolio income, we walk through Tencent 's revenues related the... Earnings respectively zhang recognized there is still room for further improvement in other genres... 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To two main factors investment portfolio Gains can largely be attributed to ending June 30, 2021 $!, Ill summarise Tencents business segments, financial performance, and its mobile advertising networks the segment made up percent. Tencent fare during the last reported year, Tencent its slowest quarterly revenue growth was by. Bln ( $ 53.52 B ) other websites are the lifeblood of our site and a primary source of traffic. Tencent connects over one billion users through its communications and social platforms for young users in China internal.. Quick analyses with our professional research service social platforms for young users in China, there is still and... In with your personal account individual functions ( e.g., mark statistics as,! Wechat has become very textbase in the fourth quarter of 2019, Tencent connects over billion. Past the $ 1.5 billion in 2019, Tencent established WeBank together with other investors, namely Weixin QQ! Use WeChat Pay for transportation, food, etc the Internet & # x27 s!