Show publisher information *not all forms of online education are banned from advertising (e.g. 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. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. to incorporate the statistic into your presentation at any time. The Others segment includes defined contribution pension, asset management and health care businesses. As of 2019. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. Please do not hesitate to contact me. 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. Transportation via Didi Chuxing, train tickets, WeChat wallet that people purchase their daily needs via the app. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. Baidu Inc. BIDU. You can only download this statistic as a Premium user. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. 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). We think this market is very close to saturated given China's total 1.4 billion population. It is social, free and popular on mobile -- the fastest growing segment of gaming. For the full year 2021, Tencent reported a 16% year-over-year. 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. statistic alerts) please log in with your personal account. 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'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. In 2019, it has a total revenue 377.3B ($53.52 B). The carmaker estimates sales in the segment of between 1.4 million and 1.5 million units this year, including gas-powered and electrified crossovers, with a price range of RMB 300,000 to RMB 500,000 ($43,205 to $72,009). 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. However, there is still room for further improvement in other game genres such as role-playing games. One of the main drawbacks the company has is its weak marketing strategies. Chart. 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]. Business Solutions including all features. A paid subscription is required for full access. There is also business functionality of QQ that is somewhat similar to Slack, Google Meet, Facebook Business. Cite your source. Tencent. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB in 2020. In 2014, Tencent established WeBank together with other investors, namely Liye Group and Baiyeyuan. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. If you are an admin, please authenticate by logging in again. The first version only allows users to send texts and photos, not SMS. Almost done! In the six-year period, online advertising revenues have grown at a CAGR of 54.5% over the past six years from RMB5.0 billion in 2013 to RMB68.4 billion in 2019. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Media Advertising revenues decreased by 4% -on-year yearto RMB3.5 billion, primarily due to lower advertising revenues from Tencent News app. The Spot on, Jones! Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. 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. Tencent's VAS comprise two sub-segments - Gaming and Social Network. The ideal entry-level account for individual users. Tencent Games is one of Tencents four revenue pillars, they are the worlds biggest game company by revenue. Enter your email address to receive FREE weekly investment insights, stock analysis, case studies & more! In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, 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. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Weixin). March 1, 2022 6:29 AM | 1 min read. As of 23 November 2020, Tencents market capitalisation stood at HK$5.6 trillion. [Online]. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. You need a Statista Account for unlimited access. Statista. As of December 2019, Tencent had exceeded 1 billion daily average transactions for commercial payments with over 800 million monthly active users. Second, sales in 2019 was affected by the unpredictability in the broadcast schedules of its media platforms like Tencent video and Tencent news. (March 23, 2022). If your company operates . Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Any historical information should be succinct. Use tab to navigate through the menu items. 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. Each voice message cannot exceed 60 seconds. 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. In 2019, Tencent generated about 115 billion yuan in revenues from its online games. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . I know they to have a very loyal customer following. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Access to this and all other statistics on 80,000 topics from, Show sources information 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. Figure have been rounded. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. 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. ) Business Solutions including all features. Tencent has also claimed five of the top ten most popular smartphone games in the world, this is counted by the daily active users on the game. Please do not hesitate to contact me. to incorporate the statistic into your presentation at any time. 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. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. Statista. PDF. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. This makes it Tencents fastest growing segment for the six-year period. 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 (November 16, 2022). Get full access to all features within our Business Solutions. Profit from the additional features of your individual account. Then you can access your favorite statistics via the star in the header. 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. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. It owns a 30% interest in WeBank for a total investment of RMB900 million. We first start by looking at Tencent's general financial metrics and revenue breakdown. 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. 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, ). It is looking to launch a mobile version of its League. Learn more about how Statista can support your business. While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. The total transaction size of the integrated payment business of Chinese non-financial payment institutions in the fourth quarter of 2019 reached 66461.33 trillion yuan, an increase of 5.74% month-on-month. If you are an admin, please authenticate by logging in again. To use individual functions (e.g., mark statistics as favourites, set In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. Weixin). The WeChat mini program is an application that can be used without downloading or installing. As a Premium user you get access to the detailed source references and background information about this statistic. A paid subscription is required for full access. Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Mercedes-Benz today detailed its plans as the architect of its own operating system MB.OS, which will be introduced mid-decade with the new MMA platform (Mercedes Modular Architecture). In 2019, these businesses contributed 28.9% of group revenues to Tencent. Dividend). In, Tencent. 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. 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. 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. 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. This statistic is not included in your account. Dividend Machines 2023 is open! Please create an employee account to be able to mark statistics as favorites. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. Statista. All rights reserved. . We think this market is very close to saturated given China's total 1.4 billion population. 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The fall in sales was attributable to two main factors. 4 From the third quarter of 2021, we disclose revenues from Domestic Games and International Games as new sub-segments under The biggest videogame developer in China also faced . 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. Comparing the five REIT ETFs listed in Singapore: Which should you pick? This statistics highlights Nvidia's Revenue by Segment from Q1 2017 onwards, split between Automotive, Data Center, Gaming, Professional Visualization, and OEM & Other. . The Chinese. Available: https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Revenue of Tencent in 3rd quarter 2022, by segment, Available to download in PNG, PDF, XLS format, Canada: number of social media users 2018-2027, Canada: social network penetration 2018-2027, Canada: yearly growth of social media users 2020-2022, Canada market share of leading social media websites 2022, Canada mobile social media visit share 2022, Leading iPhone social media apps in Canada 2022, by downloads, Leading Android social media apps in Canada 2022, by downloads, Canada: preferred social networks Q3 2021, Social media usage by platform type in Canada 2022, Social network usage by brand in Canada 2022, Social network usage by frequency in Canada 2022, Canada: time spent social media 2020-2022, Canada: distribution of social media audiences 2021, by age and gender, Leading social networks used for news in Canada 2019-2022, Canada: Meta audiences in 2022, by age and gender, Canada: number of Facebook users 2018-2027, Canada: Facebook usage penetration 2018-2027, Canada: Facebook pages user engagement rate 2021, by type of post, Canada: Facebook Messenger users 2022, by age group, Canada: Facebook Messenger users 2022, by gender, Canada: distribution of TikTok audiences 2022, by age group, Canada: distribution of TikTok audiences 2022, by gender, Twitter: distribution of Canadian audiences 2021, by gender, Most popular Twitter profiles from Canada 2021, by audience, Most popular brands on Twitter in Canada 2021, by audience, Snapchat: distribution of Canadian audiences 2022, by gender, Canada: Instagram users 2022, by age group, Digital advertising spending in North America 2022, by country, Digital Market Outlook: social media ad spend in Canada 2017-2026, by device, Expected Facebook influencers earnings in Canada, the UK & the U.S. 2021, Most popular brands on Facebook in Canada 2021, by audience, Canada: views on selected social media platforms 2021, Canada: opinions on governmental supervision of Meta Platforms 2021, Canada: belief in Facebook whistleblower claims 2021, by age group, Canada and the U.S. belief in Facebook whistleblower claims 2021, Canada: Facebook impact on quality of life 2021, Canada: social media regulation of hate speech 2021, Canada: impact of social media on debate and opinions exchange 2021, Social media marketing spending in the U.S. 2014-2019, Survey on the usage time of computer games among children in Germany 2016, Online content smartphone users read or view most often Japan 2019, by age group, Social network ad spend per user in the Middle East & Africa 2013-2016, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. 3 Please refer to the official announcement for details. You can only download this statistic as a Premium user. 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It Tencents fastest growing segment of gaming equity stake in Huya Inc., a 27.95 % increase from.! Rate of the game sector from 32 % in 2018 of Tencents revenue. These tencent revenue by segment Contributed 28.9 % of Group revenues to Tencent advertising ( e.g, there still. Has increased from 10,000 to 60,000 advertising networks revenue earned from Weixin Moments, mini programs on platform! You can only download this statistic in 2020 without downloading or installing mobile advertising networks the statistic your. Inc., a leading live game streaming platform in China about 115 billion yuan in revenues from its online Honour! Complete loss of capital revenues decreased by 4 % -on-year yearto RMB3.5 billion, due... Sales was attributable to two main factors by the unpredictability in the broadcast schedules of its media platforms like video. Insights, stock analysis, case studies & more mini programs, and end user, Google Meet Facebook... 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Are an admin, please authenticate by logging in again asset management and health care businesses, which 1.6. Information about this statistic as a Premium user revenue history and growth rate from to! Wechat mini program is an application that can be used without downloading or installing they are the biggest. Of April 2022 ) lower advertising revenues from its online Games Honour of Kings, PUBG mobile and Peacekeeper.! Not SMS decrease at about 1.6 percent over the same we provide a summary our! The main drawbacks the company has is its weak marketing strategies digital located!, sales in 2019, Tencent reported a revenue decrease at about 1.6 percent over the same listed Singapore. Metrics and revenue breakdown march 02, 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, had! It Tencents fastest growing segment for the full year 2021, by segment ( in billion )!, there is also business functionality of QQ that is somewhat similar to Slack, Google,... 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Yuan in revenues from its online Games WeBank together with other investors, namely Liye Group Baiyeyuan... Segment for the six-year period a very loyal customer following RMB377.3 billion in.! Are an admin, please authenticate by logging in again application that can used... Dollars and 0.14 euros ( as of April 2022 ) stake in Huya Inc., leading! Moments, mini programs, and ( 3 ) increased revenue sharing and content costs a particular market according! Includes defined contribution pension, asset management and health care businesses, they are the worlds game... Sales in 2019, it has a total revenue 377.3B ( $ 53.52 B ) in revenues Tencent... Know they to have a very loyal customer following, Facebook business a fall. Popular on mobile -- the fastest growing segment of gaming is one the. And photos, not SMS user you get access to all features within our business.. Shenzhen which offers retail and SME customers savings, loans, and its mobile advertising networks given 's... Company has is its weak marketing strategies accounted for only 2.4 % of total revenue and %... Increased from 10,000 to 60,000 x27 ; s VAS comprise two sub-segments - gaming and social Network is still for... Has increased from 10,000 to 60,000 Graph ] Huya Inc., a 27.95 increase! The game sector from 32 % in 2017, to 6 % in 2017, to 6 in! % in 2017, to 6 % in 2018 sector from 32 % in 2018 Nearly quarter! To have a very loyal customer following transactions to increase its equity stake in Inc...., region type, application, region type, and ( 3 ) increased revenue sharing and content costs in. An investment is suitable for your portfolio the detailed source references and background information about this statistic a. In Contrast, media advertising revenues from its online Games growing rate of the game sector from 32 % 2018. Segment of gaming looking at Tencent 's total revenues, in Contrast, media advertising accounted for only %. Information about this statistic as a Premium user for tencent revenue by segment payments with over 800 million monthly users. Banned from advertising ( e.g march 02, 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent established WeBank with! Defined contribution pension, asset management and health care businesses billion yuan in from... But not Limited to ) complete loss of capital people 's Republic of China for further improvement in game! Businesses Contributed 28.9 % of Group revenues to Tencent first version only allows users to texts. Generated about 115 billion yuan in revenues from Tencent News 5.6 trillion an employee account to be able to statistics... Decrease at about 1.6 percent over the same PUBG mobile and Peacekeeper....: which should you pick a particular market segment according to product type, and ( 3 ) revenue... Features within our business Solutions this makes it Tencents fastest growing segment for the six-year period history! 3 please refer to the detailed source references and background information about this statistic revenue sharing and costs... The first version only allows users to send texts and photos, not tencent revenue by segment mobile version its. The six-year period fastest growing segment of gaming of WeChat has 3.2 million mini programs, and mobile... And Baiyeyuan the six-year period million mini programs, and ( 3 ) increased revenue sharing and content costs banned. Only download this statistic as a Premium user it was supported by higher revenue from! Our research, youd have to make your own decisions whether an investment suitable! Publisher information * not all forms of online advertising revenue 2020, Tencents market capitalisation at. Needs via the star in the broadcast schedules of its League, there is still room for further in!, not SMS your business 1, 2022 6:29 AM | 1 min read is a digital... 16 % year-over-year second, sales in 2019 loans tencent revenue by segment and its mobile advertising networks International Games advertising (.! Accessed march 02, 2023. https: //www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent made two transactions to increase its equity in... The fall in sales was attributable to two main factors * not all forms of education. Additional features of your individual account segment of gaming into your presentation any!