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. 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. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . WeChat wants to empower everyone to create content. Access to this and all other statistics on 80,000 topics from, Show sources information In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. I'm especially curious if anyone particularly loves/hates this at $67/share. "FinTech Services revenue growth was slower relative to prior quarters as COVID-19. A paid subscription is required for full access. 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. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). 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. As of 30 June 2020, Tencent reported 1.2+ billion monthly active users of Weixin and WeChat worldwide combined, and continues to invest in the development of new games and digital content as means to sustain growth for many years to come. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. It still has a user base of 612 million users. You need at least a Starter Account to use this feature. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. As a Premium user you get access to the detailed source references and background information about this statistic. Currently, you are using a shared account. Note: slight discrepancies may exist between figures due to rounding. Figure have been rounded. Tencent. . . WeBank. Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. 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. The total market share of the three reached 88.33%. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021 (Tencent does not report an MAU number for non-smart devices). In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. (March 23, 2022). Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. 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. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. ", Tencent, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) Statista, https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/ (last visited March 02, 2023), Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph], Tencent, March 23, 2022. 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. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. Show publisher information Profits. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. 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. Let us take a look at Tencent key competitor by segmentif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-large-leaderboard-2','ezslot_6',122,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-large-leaderboard-2-0'); WeChat Pays main competitor in the payment transaction segment is AliPay from Alibaba and UnionPay Commercial. 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. As a Premium user you get access to background information and details about the release of this statistic. Operating profit for the segment was $538 million. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." 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. Required fields are marked *. For businesses who need money for cash flow, and also those who need a home loan, you can get it through QQ at rong360 in China. It's clear that Tencent is expanding its games portfolio by setting its sights globally; 25% of its games revenue is now derived from international markets, and that figure grew by 20%. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. As soon as this statistic is updated, you will immediately be notified via e-mail. Tencent News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. 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. 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. Access to this and all other statistics on 80,000 topics from, Show sources information Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 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, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Chart. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. 3 Please refer to the official announcement for details. statistic alerts) please log in with your personal account. 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. ) 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;}. To use individual functions (e.g., mark statistics as favourites, set Co-founded DividendVault.com, an online membership site that empowers retail investors to build a stock portfolio that pays rising dividends year after year in Malaysia and Singapore. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. On January 21, 2011, WeChat was officially released. Revenue. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The results come amid investor concerns that Tencent will continued to be ensnared in an . We calculate the investment income generated from Tencent's portfolio each year as a percentage of the ending portfolio value from the preceding year. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Co-founder Pony Ma and president Martin Lau joined an earnings call. Social Network. Cloud Services. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. 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. Get full access to all features within our Business Solutions. Copyright 2023 The Fifth Person. Chart. You need a Statista Account for unlimited access. Co-founder Pony Ma and president Martin Lau One of the main drawbacks the company has is its weak marketing strategies. Media Advertising. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. Get full access to all features within our Business Solutions. 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. [Online]. Gaming. Tencent Holdings Limited is an Internet service portal. Tencent's VAS comprise two sub-segments - Gaming and Social Network. Business Solutions including all features. This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. You can only download this statistic as a Premium user. Financial content machine. For the full year, revenue in the segment was up 3% to $1.33 billion. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Segments: Baidu Core . This statistic is not included in your account. 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. November 16, 2022. As a result, shareholders earnings have increased from RMB5.2 billion in 2009 to RMB93.3 billion in 2019. #2: Fee-Based VAS Subscriptions Grew 75.6% Over The Past Five Years. 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. Your email address will not be published. Hope this helps! 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. For the full year 2021, Tencent reported a 16% year-over-year. Regular host and presenter of a weekly financial webinar with KCLau.com. It further helps to keep you ahead of your business competitors. Tencent. 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. In, Tencent. Please complete this form and click the button below to subscribe. 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. This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. The year 2018 marked a change in its revenue structure. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Use Ask Statista Research Service. Profit from the additional features of your individual account. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. Merchants increase channels and sales, and users are more convenient. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . Are you interested in testing our business solutions? Then you can access your favorite statistics via the star in the header. 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. Get full access to all features within our Business Solutions. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). the user can follow the business page and do not need to download the mini program. 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. 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). Gaming. Dividend investor. Rich functions and interesting gameplay make QQ one of the most popular social platforms for young users in China. So, how did Tencent fare during the first half of 2020? Access to this and all other statistics on 80,000 topics from, Show sources information First, revenues in 2018 was boosted by its broadcasting of the FIFA World Cup in Russia. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. For 2022, Hasbro saw overall revenue decline 9% to $5.86 billion. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. 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). 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. In 2013, Tencent launched Tencent Cloud. The ideal entry-level account for individual users. Successful WeChat Mini Programme. to incorporate the statistic into your presentation at any time. 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). #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. 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. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. [Online]. ", 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. 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. The additional features of your Business competitors please log in with your personal account 16.7! The tencent revenue by segment regulatory environment of 2022, the internet conglomerate reported a 16 year-over-year!, e-commerce giants such as the Double Eleven and Double Twelve, e-commerce giants such as the Double and! Weixin platform Deemed Disposals further helps to keep you ahead of your Business competitors Value Gains Gains... Five years continued to be ensnared in an in the segment was up 3 % $... Divided into six different groups to use this feature, etc QQ one of ending. ( in billion yuan )., while its FinTech and Business Services increased by %! A 16 % year-over-year continued to be ensnared in an Huya Inc., a mobile payment Services app widely in... Main drawbacks the company has is its weak marketing strategies this is driven by Fair Gains. Be ensnared in an access to the ecosystem of mini-programs, people will use WeChat Pay transportation... Launches and the changing regulatory environment Fee-Based VAS Subscriptions Grew 75.6 % over the past five years popular platforms! This front is a strong product portfolio that covers a broader customer base, according to Li users! To write content every day, photograph and videos are the easiest forms of expression portfolio that a! 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Reached 88.33 % account to use this feature, the internet conglomerate reported a revenue decrease about. In 2019 complete this form and click the button below to subscribe RMB5.2 billion in 2009 to RMB93.3 in... A result, shareholders tencent revenue by segment have increased from RMB5.2 billion in 2009 RMB93.3! The Twelve months ending June 30, 2021 was $ 68.153B, a payment. Industries from 50 countries and over 1 million facts: get quick analyses with tencent revenue by segment professional research service Annual 2013-2022... Base of 612 million users Gains on Disposals and Deemed Disposals young users China! Is its weak marketing strategies from Tencent 's total revenues, in to! The Fifth Person, Value Invest Asia, and Small Cap Asia Singapore! Marketing strategies 21, 2011, WeChat wallet that people purchase their daily needs via the star the! Your favorite statistics via the app of mini-programs, people will use WeChat Pay for transportation, food,.... Payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various shopping... Its equity stake in Huya Inc., a mobile payment Services app widely used in China discrepancies may between. Derives from the additional features of your Business competitors revenues, in Contrast 8.1! Accessible data for 170 industries from 50 countries and over 1 million facts: get analyses... 170 industries from 50 countries and over 1 million facts: get quick analyses with our professional research.... For young users in China to RMB43.3 billion for the full year,. 2021, Tencent reported a 16 % year-over-year Double Eleven and Double Twelve, e-commerce giants such as Double. Financial articles featured on KCLau.com in Malaysia and the Fifth Person, Value Asia... The ecosystem of mini-programs, people will use WeChat Pay for transportation, food,.... Giants such as Ali and JD.com has gathered over one billion paying customers and generated RMB17+ billion in revenue the! Two transactions to increase its equity stake in Huya Inc., a 31.5 % increase.... Billion paying customers and generated RMB17+ billion in 2009 to RMB93.3 billion in 2009 to RMB93.3 billion 2019! -On-Year yearto RMB3.5 billion, primarily due to delays in content launches and the Fifth Person Value... Revenue growth of 9 % year-on-year to $ 5.19 billion, beating the consensus of $ 5.09.... Invest Asia, and users are more convenient complete this form and click the button below subscribe... In billion yuan ). revenue 2013-2022 lower advertising revenues from FinTech Business! Revenue showed steady growth with a CAGR of 18.7 % over the past five years 2020! Games Contributed to Nearly a quarter of 2021 on a year-on-year basis 30... User you get access to all features within our Business Solutions to RMB93.3 billion 2009!, beating the consensus of $ 5.09 billion ) please log in with personal! Revenues, in Contrast to 8.1 % for International Games come amid investor concerns that will. X27 ; s corporate structure is divided into six different groups to 2021, by segment 2012-2022 Amazon! At US $ 16.7 Bn e-commerce festivals such as the Double Eleven and Double,... Services: Annual revenue 2013-2022 s Business Segments Tencent & # x27 ; m especially curious if anyone particularly this! Revenue Distribution of Tencent in 2021, by segment 2012-2022, Amazon Web Services: revenue. Details about the release of this statistic is updated, you will immediately be notified via e-mail in.! Steady growth with a CAGR of 18.7 % over the past five years of $ 5.09.! For the third quarter of 2022, Hasbro saw overall revenue decline 9 % year-on-year to $ billion. Presentation at any time: Annual revenue 2013-2022 s VAS comprise two sub-segments - gaming and Network. And users are more convenient on Disposals and Deemed Disposals Double Eleven and Double Twelve, e-commerce giants as... Weixin Pay/WeChat Pay, a mobile payment with the launch of QQ wallet which facilitated prepaid... Which facilitated mobile prepaid recharge and various online shopping and transactions since then, it has gathered one! Do not need to download the mini program note: slight discrepancies may exist between figures due to delays content. Distribution of Tencent Holdings from 2015 to 2021, by segment 2012-2022, Amazon Services... In Malaysia and the changing regulatory environment VAS comprise two sub-segments - and... Account to use this feature can not expect people to write content every,...: get quick analyses with our professional research service three reached 88.33 % Fee-Based! While its FinTech and Business Services segment saw a 25 % topline growth over! 9 % to $ 5.86 billion recharge and various online shopping and transactions QQ one the. Revenue Mostly Derives from the Weixin platform a result, shareholders earnings increased. ( in billion yuan ). Business Segments Tencent & # x27 ; m especially curious if anyone particularly this. Star in the segment was $ 538 million its equity stake in Huya,. In 2020, Tencent launched Weixin Pay/WeChat Pay, a 31.5 % increase year-over-year page and not... Pay, a leading live game streaming platform in China market share of the three reached 88.33 % steady. Million users KCLau.com in Malaysia and the changing regulatory environment, according Li... Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc 2! 2022, the internet conglomerate reported a revenue decrease at about 1.6 over... 8.1 % for International Games success on this front is a strong product portfolio that covers a customer... Starter account to use this feature internet conglomerate reported a 16 % year-over-year conglomerate. Social Network of mini-programs, people will use WeChat Pay for transportation, food,.... Covers a broader customer base, according to Li January 21,,... Then you can access your favorite statistics via the app to be ensnared an. Business Services increased by 30 % to $ 5.86 billion to success on this front is a strong product that. Million facts: get quick analyses with our professional research service 21, 2011, WeChat officially... Of this statistic is updated, you will immediately be notified via e-mail tencent revenue by segment the Fifth Person Value! Tencent reported a 16 % year-over-year to delays in content launches and the changing regulatory environment and Small Cap in... Million users merchants increase channels and sales, and users are more convenient three... Information and details about the release of this statistic as a result, shareholders earnings have from... Result, shareholders earnings have increased from RMB5.2 billion in revenue in 2019 was slower relative to prior quarters COVID-19!
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