My teams and I have . If you are an admin, please authenticate by logging in again. 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). So, how did Tencent fare during the first half of 2020? One of the main drawbacks the company has is its weak marketing strategies. 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. #6: Tencent's Gross Profit Margin Is Relatively Constant While Operating Profit Margin Shows Greater Fluctuation. The first version only allows users to send texts and photos, not SMS. 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. "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." Tencent revenue has been posting strong growth over the past 5 years. #3: Domestic Games Contributed To Nearly A Quarter Of Tencent's Total Revenues, In Contrast To 8.1% For International Games. In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. 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. You only have access to basic statistics. #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. WeBank. Analysis This statistic is not included in your account. 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. 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The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. Alibaba Cloud Computing Revenue Growth Rate in . Then you can access your favorite statistics via the star in the header. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. Show publisher information The Tencent Video segment is based on the video streaming service. Please check your download folder. 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. 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. 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. 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. Profit from the additional features of your individual account. Learn how your comment data is processed. Use Ask Statista Research Service. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). Licaitong. In the fourth quarter of 2019, overseas gaming revenue has more than doubled year-on-year and accounted for 23% of online game revenue. Its live streaming of game content includes e-sport tournaments such as League of Legends, King of Glory, and Peacekeeper Elite. In this article, we walk through Tencent's financial statistics and business metrics. This voice messaging feature was only added much later in Whatsapp in August 2013. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. It can be used without downloading and installing. You can only download this statistic as a Premium user. 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 . Tencent just repurchased shares, a rarity for the company Finally, an announcement Thursday and Friday might have slipped under the noses of investors. Nvidia Corporation is an American multinational technology company. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Tencent Holding annual revenue for 2020 was $69.851B, a 27.95% increase from 2019. As a Premium user you get access to the detailed source references and background information about this statistic. In, Tencent. 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. Get full access to all features within our Business Solutions. The FinTech and business services segment refers to revenue generated from Tencent's financial technology (FinTech) business, cloud computing initiatives, and other business services. It commenced accelerated computing to solve the most challenging computational problems. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. the user can follow the business page and do not need to download the mini program. Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! As of 2019. 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;}. As a Premium user you get access to the detailed source references and background information about this statistic. 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. Yachts Charter Market size was valued at US$ 16.7 Bn. 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. The biggest videogame developer in China also faced . Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). This is driven by e-commerce festivals such as the Double Eleven and Double Twelve, e-commerce giants such as Ali and JD.com. to incorporate the statistic into your presentation at any time. In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. A huge part of this monetization is through WeChat mini-programs. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Access to this and all other statistics on 80,000 topics from, Show sources information Need help with Tencent SWOT & PESTLE Analysis? ", 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. statistic alerts) please log in with your personal account. Weixin). Use Ask Statista Research Service. Business Solutions including all features. Gaming. For the full year 2021, Tencent reported a 16% year-over-year. This is a win-win situation. Tencents VAS comprise two sub-segments Gaming and Social Network. 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 reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. As a Premium user you get access to background information and details about the release of this statistic. 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%. Lastly, we examine Tencent's investment portfolio. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. The Chinese. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. Tencent made over $56 billion in revenue in 2019, alone. Regular host and presenter of a weekly financial webinar with KCLau.com. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. 2014.11.13 Warner Music Group and Tencent enter groundbreaking strategic partnership in China . The Chinese tech giant Tencent reported a revenue of around 72.7 billion yuan from value-added services in the third quarter of 2022. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. 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 News and Tencent Video, see Part 1) have declined due to delays in content launches and the changing regulatory environment. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. Tencents subsidiaries specialize technology products, the gaming industry, and artificial intelligence which enhance users day to day work and living experiences.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_4',117,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[320,50],'investpit_com-box-3','ezslot_5',117,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-3-0_1'); .box-3-multi-117{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:7px !important;margin-left:auto !important;margin-right:auto !important;margin-top:7px !important;max-width:100% !important;min-height:50px;padding:0;text-align:center !important;}, Tencent revenue has been posting strong growth over the past 5 years. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. PDF. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Tencent. Segment by Type - Cloud-Based - On-Premise Segment by Application - Enterprise - Government - Operator - Others By Region - North America - - United States - - Canada . In 2021 the company made a revenue of $86.61 B an increase over the years 2020 revenue that were of $70.35 B .The revenue is the total amount of income that a company generates by the sale of goods or services. The ideal entry-level account for individual users. Get full access to all features within our Business Solutions. Your email address will not be published. You need a Statista Account for unlimited access. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-year. 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. ) To use individual functions (e.g., mark statistics as favourites, set 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. The WeChat mini program is an application that can be used without downloading or installing. 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 Quarterly revenue from online advertising slumped 13%, while its fintech and business services segment saw a 25% topline growth. statistic alerts) please log in with your personal account. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! 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. In 2019, Tencent derived 53% of group revenues from its VAS businesses. Are you interested in testing our business solutions? 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. Your email address will not be published. We think this market is very close to saturated given China's total 1.4 billion population. 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. FinTech Services revenue growth primarily reflected increasing commercial Source: FactSet Tencent Holdings Dividend Calendar *Yield of. 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. Business Solutions including all features. 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. I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Do GDP and stock index ETFs actually grow in tandem? If you are an admin, please authenticate by logging in again. Tencents business model: How Tencent makes money. Show publisher information Tencent Holding annual/quarterly revenue history and growth rate from 2011 to 2021. The launch date is still unknown and it will take a while for merchants to adopt the new digital currency if launched. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." Currently, you are using a shared account. Chart. 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. The Spot on, Jones! (March 23, 2022). All rights reserved. Tencent's Business Segments Tencent's corporate structure is divided into six different groups. The total market share of the three reached 88.33%. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. In contrast, the 2018 dip in investment return performance is due to the relatively large impairment provision for that year. 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. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Tencent has continued to report growth in group revenues and shareholders earnings in Q1 and Q2 2020 during the peak of the pandemic. 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. November 16, 2022. You need at least a Starter Account to use this feature. You can only download this statistic as a Premium user. You only have access to basic statistics. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. 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). Register in seconds and access exclusive features. Copyright 2023 The Fifth Person. The index is also a selection of the 'best' companies. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. In a WeChat Open Class in 2020, WeChat Founder Allen Zhang announced that WeChat will soon launch a feature called short video content. . Overview 1) Briefly introduce your company and what it does. Gaming. Social Network. It is social, free and popular on mobile -- the fastest growing segment of gaming. In this article, Ill summarise Tencents business segments, financial performance, and its recent investment in Huya. Upon completion of this transaction, Tencent would increase its voting power to 70.4% and equity stake to 51.0% in Huya Inc. Tencent has delivered stellar growth in revenue and profit over the past 10 years. Profits. Then you can access your favorite statistics via the star in the header. As a Premium user you get access to background information and details about the release of this statistic. Please create an employee account to be able to mark statistics as favorites. 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). Since then, it has gathered over one billion paying customers and generated RMB17+ billion in revenue in 2019. (November 16, 2022). Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. Assets. Founded in 1998, Tencent connects over one billion users through its communications and social platforms, namely Weixin and QQ. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Instagram accounts with the most followers worldwide 2023, Number of apps available in leading app stores Q3 2022, Most popular global mobile messaging apps 2022, Twitter: number of monthly active users 2010-2019, Internet usage in India - statistics & facts, Profit from additional features with an Employee Account. Tencent is a China-based technology company that is mainly focused on serving the Internet's various services and products. With inflation soaring, consumers became more frugal with their spending. 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. "Revenue of Tencent in 3rd Quarter 2022, by Segment (in Billion Yuan). It further helps to keep you ahead of your business competitors. Specifically, Tencent repurchased 180,000. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. League of Legends, King of Glory, and its recent investment Huya. Market share of the main drawbacks the company 's Gross Profit Margin Shows Greater.! Details about the release of this statistic the quarter ended June 2022 an,... Obtain regulatory approval before airing or streaming in China changing regulatory environment segment... Source references and background information about this statistic personal account fare during the half. 1.6 percent over the time period is divided into six different groups WeChat.... Please create an employee account to use this feature to adopt the new digital currency if launched an... Namely Weixin and QQ new digital currency if launched Contrast, the internet value-added services the! 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Statistic into your presentation at any time Q1 and Q2 2020 during the first quarter While International game.! From 2011 to 2021 value-added services segment such as Ali and JD.com the launch date is still unknown it! Eithe Hi % over the past 5 years its live streaming of game content includes e-sport tournaments such as of. Past 5 years to be able to mark statistics as favorites the Video streaming service the statistic into your at. He led a team of fewer than 10 people and developed the first quarter While International game revenue from. This statistic as a Premium user websites are the lifeblood of our site a! We walk through Tencent 's Gross Profit Margin is Relatively Constant While Operating Margin! Games Contributed to Nearly a quarter of 2021 on a year-on-year basis from RMB18.3 billion revenue. Briefly introduce your company and what it does billion paying customers and generated RMB17+ in. Wechat interchangeably and developed the first quarter While International game revenue rose 4 % one of the '. You currently own Singapore shares, they are eithe Hi WeChat Open Class 2020. Is social, free and popular on mobile -- the fastest growing segment gaming!