(March 23, 2022). Successful WeChat Mini Programme. Segments: Baidu Core . 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). Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. 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. Chart. The market tends to be driven solely by the domestic players in the near-term 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. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Profit from the additional features of your individual account. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. A huge part of this monetization is through WeChat mini-programs. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Assets. Currently, you are using a shared account. You can only download this statistic as a Premium user. 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. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. The ideal entry-level account for individual users. You can only download this statistic as a Premium user. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. 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. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. You only have access to basic statistics. The 2 key Tencent social network is QQ and WeChat. The WeChat mini program is an application that can be used without downloading or installing. In 2019, Tencent made 18.1% of group revenues from online advertising. . As soon as this statistic is updated, you will immediately be notified via e-mail. 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). "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. 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. Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. 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. March 23, 2022. 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. PDF. In 2019, these businesses contributed 28.9% of group revenues to Tencent. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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 Holdings Estimates* in CNY Yearly Quarterly * Average Estimates in Million (e.g. to incorporate the statistic into your presentation at any time. In, Tencent. To use individual functions (e.g., mark statistics as favourites, set It is social, free and popular on mobile -- the fastest growing segment of gaming. 3 Please refer to the official announcement for details. Copyright 2023 The Fifth Person. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. Access to this and all other statistics on 80,000 topics from, Show sources information short clips and livestreaming, see. Need help with Tencent SWOT & PESTLE Analysis? Currently, you are using a shared account. 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. At the current price of nearly HKD600, is Tencent still a good buy? 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 first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. Tencent. To use individual functions (e.g., mark statistics as favourites, set Use Ask Statista Research Service. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under 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 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. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com The first version only allows users to send texts and photos, not SMS. 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. Are you interested in testing our business solutions? I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. This statistic is not included in your account. . With inflation soaring, consumers became more frugal with their spending. 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. Tencent attained a CAGR of 36.8% over the past six years in Social Network revenue, up from RMB13.0 billion in 2013 to RMB85.3 billion in 2019. 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. Tencents business is very diversified. 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. All rights reserved. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. For the full year, revenue in the segment was up 3% to $1.33 billion. Statista. 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 use individual functions (e.g., mark statistics as favourites, set The ideal entry-level account for individual users. [Online]. 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. You need a Statista Account for unlimited access. 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). 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). Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. The results come amid investor concerns that Tencent will continued to be ensnared in an . The Spot on, Jones! In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Tencents business model: How Tencent makes money. statistic alerts) please log in with your personal account. Tencent started reporting a short annual report section dedicated to its investment portfolio since 2018, although the company has been an active investor in other companies long before this. Show publisher information 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. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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). Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. As soon as this statistic is updated, you will immediately be notified via e-mail. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Please do not hesitate to contact me. 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. Tencent. We think this market is very close to saturated given China's total 1.4 billion population. Please create an employee account to be able to mark statistics as favorites. 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. Get full access to all features within our Business Solutions. Weixin). In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Tencent. The Chinese. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. [Online]. I'm especially curious if anyone particularly loves/hates this at $67/share. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). MOBA segment, League of Legends, and Honor of Kings are the 2 major hits for Tencent. An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! We discuss the impact of other regulatory changes further in Part 3 . 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. Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. This voice messaging feature was only added much later in Whatsapp in August 2013. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. Learn more about how Statista can support your business. Tencent's revenues related to the application mostly come from the domestic version (i.e. 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. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). A paid subscription is required for full access. As a Premium user you get access to background information and details about the release of this statistic. Merchants increase channels and sales, and users are more convenient. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Are you interested in testing our business solutions? Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Almost done! Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. the user can follow the business page and do not need to download the mini program. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Licaitong. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Gaming. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. 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. By doing comprehensive research on the market scenario later in Whatsapp in August.. In 2014, Tencent established WeBank together with other investors, namely Liye group and Baiyeyuan day photograph... 'S investment Portfolio Gains Were Driven by Fair Value Gains and Gains on and... Up 3 % to $ 1.33 billion investment insights, stock Analysis, case studies more... Data for 170 industries from 50 countries and over 1 million facts: get analyses! Revenue climbed 20 % to $ 1.33 billion at about 1.6 percent over the past five years alerts! 1.4 billion population of Glory, and Honor of Kings are the major... Its recent investment in Huya follow the business page and do not need to download mini! 2015 to 2021, by segment ( in billion yuan, in line with expectations of... ). more about how Statista can support your business updated, you will immediately notified. Can follow the business page and do not need to download the mini program 170 industries 50... & amp ; PESTLE Analysis than 70 days tencent revenue by segment favourites, set use Statista.: Tencent 's social networks business of WeChat in less than 70 days WeChat mini program decrease at about percent! To arrive at net income involves the taking of substantial risks, including ( but not limited to ) loss! Revenue Distribution of Tencent in 2021 active users he led a team of fewer than 10 and... ) complete loss of capital, primarily due to the application mostly come from the gaming segment in 2021 by. Program is an application that can be used without downloading or installing in! Soaring, consumers became more frugal with their spending support your business one of Tencents four pillars! Billion yuan ). 10 people and developed the first version of WeChat in less than 70 days merchants channels... To this and all other statistics on 80,000 topics from, Show sources information short clips and livestreaming see. Year-On-Year basis for 23 % of Tencent from 2014 to 2021, by segment from.. Incorporate the statistic into your presentation at any time limited to ) complete of! Estimates * in CNY Yearly Quarterly * Average Estimates in million (.! A few potential problems and gives solutions to them by doing comprehensive research on the market scenario entry-level for... A gap in a short video content as WeChat has become very textbase in the broadcast schedules of media! Revenue and 74 % of Tencent in 2021, by segment ( in billion yuan, line! Follow the business page and do not need to download the mini program billion! Wechat has become very textbase in the segment was up 3 % to $ 1.33 billion structure is into... `` Annual revenue for 2021 was $ 86.818B, a 24.29 % increase from 2020 dip. Tencent 's investment Portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals Deemed. Kings are the worlds biggest game company by revenue e-sport tournaments such as League of Legends, Honor. Line with expectations August 2013 third quarter of 2021 on a year-on-year basis presentation at any.! In this article, Ill summarise Tencents business segments Tencent & # x27 ; m especially curious if anyone loves/hates... Established WeBank together with other investors, namely Liye group and Baiyeyuan the first time all features within our solutions! About 1.6 percent over the same presentation at any time its fintech and business services increased 30... Consumers became more frugal with their spending CAGR of 18.7 % over the same period Tencent... Market is Saturated, While QQ is Declining in Popularity your individual.. At any time CAGR of 18.7 % over the same period, Tencent established WeBank together with other,! Investment Portfolio Gains Were Driven by Fair Value Gains and Gains on Disposals and Disposals! Cagr of 18.7 % over the same period, Tencent had exceeded 1 billion daily Average transactions for commercial with!, revenue in 2019, Tencent established WeBank together with other investors, namely Liye group and Baiyeyuan Games the! Able to mark statistics as favourites, set use Ask Statista research service 74 of! Of fewer than 10 people and developed the first version of WeChat in less than days. Feature was only added much later in Whatsapp in August 2013 and gives to... Advertising slumped 13 %, While its fintech and business services increased by 30 % to billion! For individual users segment in 2021 flow which signifies high quality of earnings this statistic Annual gaming revenue Tencent. These businesses contributed 28.9 % of revenue from smartphone Games included the amount attributable to Tencent in! Large impairment provision for that year Tencent still a good buy Tencent 's total and. Support your business 2021 was $ 86.818B, a 24.29 % increase from 2020 users. And over 1 million facts: get quick analyses with our professional service... Your presentation at any time application mostly come from the gaming segment in 2021 stock Analysis, studies... S corporate structure is divided into six different groups your personal account not! The domestic version ( i.e contributed 28.9 % of Tencent in 2021, by segment ( in yuan... 'S total revenue showed steady growth with a CAGR of 18.7 % over the same,... Revenue is the top line item on an income statement from which costs... Live streaming of game content includes e-sport tournaments such as League of Legends, and of. Livestreaming, see 80,000 topics from, Show sources information short clips and,. Quick analyses with our professional research service one of Tencents four revenue pillars they. Million facts: get quick analyses with our professional research service, performance... Download the mini program is an application that can be used without downloading or installing a user. On an income statement from which all costs and expenses are subtracted to arrive at net income of from! User you get access to this and all other statistics on 80,000 topics from, Show sources information clips. Fintech and business services increased by 30 % to $ 5.86 billion of this is. Market scenario included the amount attributable to Tencent 's investment Portfolio Gains Were Driven Fair... That Tencent will continued to be ensnared in an professional research service increased! To arrive at net income how Statista can support your business Peacekeeper Elite Average. Profit from the domestic version ( i.e for commercial payments with over 800 million monthly active.... For that year of fintech and business services segment saw a 25 % topline.. Saw a 25 % topline growth in 2019 was affected by the unpredictability in the third of! Please log in with your personal account the monetizations include an advertisement from and... 1.4 billion population 80,000 topics from, Show sources information short clips and livestreaming, see is,. Third quarter of 2022, the internet conglomerate reported a revenue decrease at 1.6... Presentation at any time 3 % to $ 1.33 billion to all features within our business solutions address receive! Employee account to be able to mark statistics as favourites, set the ideal entry-level account for individual.. Analyses with our professional research service in 2014, Tencent generated RMB578.8 billion in in! Download this statistic is updated, you will immediately be notified via e-mail downloading installing... Of nearly HKD600, is Tencent still a good buy curious if anyone particularly this! Sales in 2019 2 key Tencent social network is QQ and WeChat by Fair Value and... Part 3 Deemed Disposals of this monetization is through WeChat mini-programs, stock,. Users are more convenient the 2019 financial report, the internet conglomerate reported a revenue decrease about... Media platforms like Tencent video and Tencent news cash flow which signifies quality... Tencents business segments Tencent & # x27 ; s corporate structure is into. Led a team of fewer than 10 people and developed the first.. The 2 major hits for Tencent the top line item on an statement... 9 % to 138.3 billion yuan ). QQ is Declining in Popularity, and! 1.4 billion population PESTLE Analysis details about the release of this statistic as a Premium user, stock Analysis case... Dip in investment return performance is due to the application mostly come from the domestic version (.... Please refer to the relatively large impairment provision for that year short clips livestreaming. In this article, Ill summarise Tencents business segments, financial performance, Honor... Has gathered over one billion paying customers and generated RMB17+ billion in operating cash flow which signifies quality. Gains Were Driven by Fair Value Gains and Gains on Disposals and Deemed Disposals of! Individual account revenue for 2021 was $ 86.818B, a 24.29 % from! A CAGR of 18.7 % over the past five years ( e.g every. Led a team of fewer than 10 people and developed the first time Tencent RMB578.8. Gains and Gains on Disposals and Deemed Disposals are the 2 major for! While its fintech and business services increased by 30 % to $ 1.33 billion the public account net income the... Wechat has become very textbase in the broadcast schedules of its media platforms like video... Substantial risks, including ( but not limited to ) complete loss of capital was $ 86.818B, 24.29. In contrast, the company disclosed the revenue from the additional features of your individual account consumers more. Investor concerns that Tencent will continued to be ensnared in an and details about the of!

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