If you are an admin, please authenticate by logging in again. Profit from the additional features of your individual account. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. 199811" "Founded in 1998, Tencent is an Internet-based platform company using technology to enrich the lives of Internet users and assist the digital upgrade of enterprises. Profit from the additional features of your individual account. Its online games Honour of Kings, PUBG Mobile and Peacekeeper Elite. Tencent, which gets 32% of its revenue from video games, unveiled more than 60 new titles at its annual video gaming conference last week. Chart. Tencent's revenue from the videogame business fell 1% YoY in the quarter ended June 2022. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. We think this market is very close to saturated given China's total 1.4 billion population. Required fields are marked *. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. Tencent is the dominant name when it comes to gaming in China and is even reported as the world's largest video game vendor.The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. Note: for the purposes of this article and series, we use the terms Weixin and WeChat interchangeably. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Currently, you are using a shared account. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. Your email address will not be published. statistic alerts) please log in with your personal account. Overview 1) Briefly introduce your company and what it does. The key to success on this front is a strong product portfolio that covers a broader customer base, according to Li. 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. Produced 450+ financial articles featured on KCLau.com in Malaysia and The Fifth Person, Value Invest Asia, and Small Cap Asia in Singapore. 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. Tencent. Business Solutions including all features. The number of monthly active users (MAUs) on the Weixin and WeChat platforms increased from 988.6 million in 2017 to 1,268.2 million in 2021. 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. [Online]. Chart. 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. ), and (3) increased revenue sharing and content costs. Cite your source. Register in seconds and access exclusive features. The online games contributed 58.9% of the revenue with 104 billion yuan. 2014.07.25 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. Weixin). Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . Copyright 2023 The Fifth Person. "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." If your company operates . Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan) [Graph]. ", 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. 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. 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. 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. However, there is still room for further improvement in other game genres such as role-playing games. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. In 2019, Tencent made 18.1% of group revenues from online advertising. Annual revenue of Tencent from 2014 to 2021,. The major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. As a Premium user you get access to background information and details about the release of this statistic. The Tencent Video segment is based on the video streaming service. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. 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 particularly large discrepancy between investment portfolio value and the fair value of publicly listed shares in 2020 is likely due to the rapid rise in Chinese stock prices that year, as well as significant increases in other stocks which Tencent held and/or still holds (e.g. Underlying trends in the Food Delivery segment remained strong, yet with signs of moderation from the triple-digit growth experienced in . One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Source: FactSet Tencent Holdings Dividend Calendar *Yield of. SoundHound Just Got $100M From . We discuss the impact of other regulatory changes further in Part 3 . 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. Tencent provides value-added Internet, mobile and telecom services and online advertising. As soon as this statistic is updated, you will immediately be notified via e-mail. In 2019, it has over RMB900 billion in aggregated customer assets, an increase from over RMB300 billion in 2017. Over the past 6 months, the stock has traded down approximately 30% from $100/share. 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 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. 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. *not all forms of online education are banned from advertising (e.g. Any investment involves the taking of substantial risks, including (but not limited to) complete loss of capital. Use Ask Statista Research Service. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." During the last reported year, Tencent Holdings Limited generated 52 percent of its. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. So, how did Tencent fare during the first half of 2020? He led a team of fewer than 10 people and developed the first version of WeChat in less than 70 days. Sales from mobile games grew 13%. You only have access to basic statistics. You need at least a Starter Account to use this feature. As soon as this statistic is updated, you will immediately be notified via e-mail. 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. 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. This voice messaging feature was only added much later in Whatsapp in August 2013. . The biggest videogame developer in China also faced . Show publisher information The fall in sales was attributable to two main factors. Accessed March 02, 2023. https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Tencent. Use Ask Statista Research Service. 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). 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. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. It is social, free and popular on mobile -- the fastest growing segment of gaming. All rights reserved. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. WeChat wants to empower everyone to create content. 3 Please refer to the official announcement for details. $123.3B. The segment made up 22.9 percent of total revenues. Lastly, we examine Tencent's investment portfolio. 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