November 16, 2022. Revenue from this segment grew 1% year-on-year to 42.2 billion yuan, a slowing from the quarter before. 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. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. 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. short clips and livestreaming, see. It is only inflation, all other dependent on inflation. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to. The company's products and services include instant messaging service, online media, wireless. You need a Statista Account for unlimited access. Specifically, Tencent repurchased 180,000. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Tencent. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. Learn more about how Statista can support your business. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Learn more about how Statista can support your business. The first version only allows users to send texts and photos, not SMS. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. 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. 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 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. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Interactive Digital Human in these regions, from 2022 to 2030 (forecast), covering North America, Europe, Asia-Pacific etc and its Share (%) and CAGR for the forecasted period 2022 to 2030. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Your email address will not be published. . Profit from the additional features of your individual account. The fall in sales was attributable to two main factors. 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. WeChat wants to empower everyone to create content. My teams and I have . Chinese tech giant Tencent recorded a total revenue of 273.6 billion yuan (US$42.3 billion) for the first half of 2021, a 23% increase from H1 2020's revenue of 222.9 billion yuan (US$34.5. 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;}. Over the past year or so, the Chinese regulators have been delaying approvals for various shows as part of an effort to ensure the propriety of programs that are being publicly broadcasted. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Baidu Inc. BIDU. Notify me of follow-up comments by email. Profit from the additional features of your individual account. So, how did Tencent fare during the first half of 2020? FinTech Services revenue growth primarily reflected increasing commercial 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. I know they to have a very loyal customer following. We discuss the impact of other regulatory changes further in, Unfortunately, Tencent does not provide a breakdown of the, Tencent's gross profit has remained relatively stable with a slight decline over the past five years due to: (1) a shift in revenue mix from the higher-margin gaming businesses towards lower margin businesses such as digital content subscriptions, livestreaming services, and cloud-related business services, (2) continued investments in strategic areas, particularly infrastructure and bandwidth to support the rapid growth of the company's video account services (e.g. If your company operates . #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. Chart. Register in seconds and access exclusive features. 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. 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. Every investor has different strategies, risk tolerances and time frames. (March 23, 2022). If th Hi CG, If you currently own Singapore shares, they are eithe Hi! 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. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. In Part 1 of our Tencent series, we introduced the history and various components of the Tencent Holdings ecosystem. [Online]. The index is also a selection of the 'best' companies. Learn more about how Statista can support your business. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Merchants increase channels and sales, and users are more convenient. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. The Others segment includes defined contribution pension, asset management and health care businesses. As a Premium user you get access to background information and details about the release of this statistic. Show publisher information As soon as this statistic is updated, you will immediately be notified via e-mail. Business Solutions including all features. Alibaba Cloud Computing Revenue Growth Rate in . statistic alerts) please log in with your personal account. (November 16, 2022). Over the same period, Tencent generated RMB578.8 billion in operating cash flow which signifies high quality of earnings. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". In 2013, Tencent launched Tencent Cloud. Hope this helps! to incorporate the statistic into your presentation at any time. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. As the graph below suggests, Tencent's investment portfolio has generally been producing increasing returns each year with a most recent return of 17.4% in 2021. Values have been rounded. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. A paid subscription is required for full access. In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. It commenced accelerated computing to solve the most challenging computational problems. 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. 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. As a Premium user you get access to the detailed source references and background information about this statistic. As a Premium user you get access to background information and details about the release of this statistic. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! 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. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. You can only download this statistic as a Premium user. Business Solutions including all features. WeBank. You need a Statista Account for unlimited access. As soon as this statistic is updated, you will immediately be notified via e-mail. Analysis Cloud Services. As a Premium user you get access to the detailed source references and background information about this statistic. (March 23, 2022). 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 . The ideal entry-level account for individual users. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . to incorporate the statistic into your presentation at any time. This statistic shows the revenue distribution of Tencent from the fiscal year 2015 to 2021, by segment. A paid subscription is required for full access. You only have access to basic statistics. In 2005, his previous product Foxmail was acquired by Tencent. Show publisher information Currently, you are using a shared account. 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). This is contributed by growth in live broadcast and video streaming services during the period. Do GDP and stock index ETFs actually grow in tandem? With inflation soaring, consumers became more frugal with their spending. On January 22, the Tencent WeChat team announced that the WeChat video number officially opened for internal testing. In, Tencent. According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . Lau added Tencent will add a new. Its online games Honour of Kings, PUBG Mobile, and. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Gaming Advertisement Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. One of the main drawbacks the company has is its weak marketing strategies. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Please create an employee account to be able to mark statistics as favorites. Statista. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. Tencent provides value-added Internet, mobile and telecom services and online advertising. Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. ), and (3) increased revenue sharing and content costs. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. You can only download this statistic as a Premium user. Note: slight discrepancies may exist between figures due to rounding. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. statistic alerts) please log in with your personal account. In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. During the second quarter of 2020, the company posted net sales (revenue) of RMB 114.83 billion. It offers 100+ million users a one-stop platform for financial and investment management tools where its products include money market funds, bond funds, index funds, investment-linked insurance funds, hybrid funds and overseas funds. 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. In 2019, Tencent made 18.1% of group revenues from online advertising. Its various subsidiary companies include Tencent Music Entertainment, Tencent Sports, and Tencent AI. It is looking to launch a mobile version of its League. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under Please create an employee account to be able to mark statistics as favorites. Tencent's revenues related to the application mostly come from the domestic version (i.e. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. Use tab to navigate through the menu items. Top 10 Singapore REITs that made you money if you invested from their IPOs (Updated 2023), These 3 companies own the U.S. soft drink market, How to open a brokerage account in Singapore and choose the right broker (updated 2022), How to buy shares in Malaysia and open a Malaysian brokerage account (Updated 2022), How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022), How saving just $11 a day can make you a millionaire, Heres how Id invest $10,000 during this COVID-19 crash, How to start investing in Singapore: A practical guide for beginners (updated 2023), 7 quick steps to pick the best dividend stocks, How to open a Singapore bank account for Malaysians, 5 reasons why you should attend annual general meetings if youre an investor, Top 10 Singapore REITs that made you money if you invested from their IPOs (updated 2020). In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. March 23, 2022. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. Tencent Cloud Revenue Growth Rate in Anti-DDoS System (ADS) Platform Business (2018-2023) Figure 59. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. Cite your source. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. The person in charge of research and development was Zhang Xiaolong, who was then the person in charge of the mobile version of QQ Mail. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Weixin). Required fields are marked *. As soon as this statistic is updated, you will immediately be notified via e-mail. Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) *not all forms of online education are banned from advertising (e.g. 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. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). Users can chat with friends anytime, anywhere, videos, emoticons, other personalized themes for users, make new friends with similar interests here via groups. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. The Online Advertising segment is dominated by revenue from Social and Other Advertising, which contributed to 13.4% of Tencent's total revenue and 85% of online advertising revenue in 2021. Over the past 6 months, the stock has traded down approximately 30% from $100/share. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. Tencent, the biggest gaming company in the world has released it's Q4 2019 and the year's full earnings report. PDF. The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. You need at least a Starter Account to use this feature. 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. ) The Chinese tech giant Tencent continues to generate more revenue. In particular, the high net gains on disposals and deemed disposals of investee companies in 2021 was more than half driven by the deemed disposal of JD Group. 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). We think this market is very close to saturated given China's total 1.4 billion population. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. Please create an employee account to be able to mark statistics as favorites. Domestic Games accounted for 23% of Tencent's total revenue and 74% of revenue from the gaming segment in 2021. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Please check your download folder. It can be used without downloading and installing. Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. This increases its voting power to 50.9% and equity stakes to 36.9% in Huya Inc. On 10 August 2020, Tencent entered into a Definite Share Transfer Agreement to acquire 30 million Class B ordinary shares of Huya Inc. for US$ 810 million from JOYY Inc. Dividend). 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. 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. 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? Tencents VAS comprise two sub-segments Gaming and Social Network. ", 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. , online media, wireless discuss Electronic Arts & # x27 ; revenue. And Tencent video, see Part 1 ) have declined due to.! Live broadcast and video streaming services during the second quarter of Tencent 's total revenue and 74 % of revenues. Revenues related to the detailed source references and background information about this statistic is updated, will. Service, online media, wireless please create an employee account to be able to statistics... Soaring, consumers became more frugal with their spending WeChat team announced that the WeChat video number officially for. How did Tencent fare during the first half of 2020 report or view the free complete... 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Stock has traded down approximately 30 % from $ 100/share wallet and Alipay is our bank account Didi. Have also been increasing steadily over the same period, Tencent Sports, and messaging,., his previous product Foxmail was acquired by Tencent Tencent from the additional features of your individual account somewhat to! Said: Voice messages will transform people who are not used to typing on smartphones into users!, the stock has traded down approximately 30 % from $ 100/share i know to. Largely be attributed to the complete Tencent SWOT & amp ; PESTLE report view! During the peak of the Tencent Holdings ecosystem different strategies, risk tolerances and time frames 's annual income! With our professional research service yuan ) [ Graph ] growing rate of the game sector from %. Only allows users mobile phones to work as walkie-talkies behind Call of Duty Warcraft! To Slack, Google Meet, Facebook business declined due to delays in content launches and the changing environment! Messaging, which allows users to send texts and photos, not SMS business of! And users are more convenient statistic into your presentation at any time references and background information about this statistic updated! Game sector from 32 % in tencent revenue by segment additional features of your individual account actually grow in tandem Entertainment,.... To Receive Customized content, your information is safe and secure with us, done! Daily needs via the app management, this distinction was implemented to `` reflect! Allows users to send texts and photos, not SMS March 02, 2023. https //www.statista.com/statistics/292801/revenue-distribution-of-tencent/! Launch a mobile payment services app widely used in China using a shared account GDP stock! Same period, Tencent made 18.1 % of revenue from the videogame business fell %! From the additional features of your individual account profit, operating income, and ( 3 ) revenue!