As a Premium user you get access to the detailed source references and background information about this statistic. Tencent has reported its first decline in quarterly revenues, as China's most valuable company was shaken by the country's slowing economy and a regulatory crackdown. The compute and networking segment delivered revenue of $3.0 billion in Q3 FY 2022, up 55.3% from the year-ago quarter. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Use Ask Statista Research Service. Each voice message cannot exceed 60 seconds. This statistic is not included in your account. It was supported by higher revenue earned from Weixin Moments, Mini Programs, and its mobile advertising networks. Accessed March 02, 2023. https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent. Revenue) or per share (e.g. In contrast, Media Advertising accounted for only 2.4% of total revenue and 15% of online advertising revenue. MB.OS is designed and developed in-house to retain full control over the customer relationship, ensure data . According to Tencent 's latest financial reports the company's current revenue (TTM) is $83.64 B . You can only download this statistic as a Premium user. We turn to examine Tencent's additional reported business metrics: (1) the number of users on its Weixin, WeChat, and QQ platforms (see Part 1), and (2) the number of paid subscriptions the company has on its media platforms. "Annual Gaming Revenue of Tencent in 2021, by Segment (in Billion Yuan). In 2021, Tencent generated revenues of approximately 291.6 billion yuan from the internet value-added services segment such as online games. 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. It is social, free and popular on mobile -- the fastest growing segment of gaming. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. 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. Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. [Online]. Tesla). Currently, you are using a shared account. Tencent achieved a 10-year CAGR of 40.7% and 33.6% in its group revenues and shareholders earnings respectively. to incorporate the statistic into your presentation at any time. Profit. PDF. 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Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. In, Tencent. Tencent reported its Q3 2019 financial results, with total revenues for Q3 up 21% to 97.2B RMB ($13.9B USD) from 80.6B ($11.5B) in Q3 2018. In October 2010, Tencent Guangzhou R & D Center began to develop WeChat ( pronounced as Wei Xin in Chinese). We note that Tencent only started making a formal distinction (for financial reporting purposes) between revenue from domestic versus international games in Q3 2021, meaning that historical data on revenue from International Games is unavailable. Please check your download folder. This statistic is not included in your account. Tencent Holding revenue for the twelve months ending June 30, 2021 was $68.153B, a 31.5% increase year-over-year. ", 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. Values have been rounded. This product launched by WeChat in January 2017 and the mini-program is a light-weight application with rich functions and simple operations embedded in WeChat. 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. Baidu Inc. BIDU. . "Revenue distribution of Tencent Holdings from 2015 to 2021, by segment." 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. Show publisher information 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. Segments: Baidu Core . interchangeably. Press release - DeepResearchReports - Global Short Video Ads Solution Market Emerging Trends, Segment Analysis and Industry Forecast 2023 - 2029 - published on openPR.com Register in seconds and access exclusive features. It is only inflation, all other dependent on inflation. 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. Revenue came in at 144.18 billion yuan ($22.62 billion), up 8% year-on-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. Chart. Push to send voice messaging ease of use led to an increased download. Note: slight discrepancies may exist between figures due to rounding. Revenues have increased from RMB622 million in 2013 to RMB108.9 billion in 2019. We have also set the operating . Currently, you are using a shared account. Revenues had grown from RMB12.4 billion in 2009 to RMB377.3 billion in 2019. Access to this and all other statistics on 80,000 topics from, Show sources information March 23, 2022. We dont make any recommendations on whether a security is a buy (or sell) as every investor has different investment goals and risk profiles. Learn more about how Statista can support your business. Dividend Machines 2023 is open! I help EdTech, FinTech and Technology companies break through growth stagnation by creating AI-first, data driven products, market expansion, and global strategic partnerships. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. Dividend investor. Tencent Holdings Limited is headquartered in Shenzhen, the People's Republic of China. Successful WeChat Mini Programme. Access to this and all other statistics on 80,000 topics from, Show sources information 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. *not all forms of online education are banned from advertising (e.g. Are you interested in testing our business solutions? 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. However, there is still room for further improvement in other game genres such as role-playing games. Currently, you are using a shared account. Show publisher information A paid subscription is required for full access. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. It owns a 30% interest in WeBank for a total investment of RMB900 million. Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. The Chinese tech giant Tencent continues to generate more revenue. May 23, 2022 The Chinese entertainment tycoonTencent reported a total revenue of 174.3 billion yuan from online games in 2021. statistic alerts) please log in with your personal account. Revenue climbed 20% to 138.3 billion yuan, in line with expectations. 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. 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. Register in seconds and access exclusive features. You need at least a Starter Account to use this feature. 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. "Revenue Distribution of Tencent Holdings from 2015 to 2021, by Segment. It further helps to keep you ahead of your business competitors. (March 23, 2022). In 2020, Tencent made two transactions to increase its equity stake in Huya Inc., a leading live game streaming platform in China. According to management, this distinction was implemented to "[reflect] the increasing scale of Tencent's international games business". While we provide a summary of our research, youd have to make your own decisions whether an investment is suitable for your portfolio. 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. Tencent. In 2019, Tencent generated RMB15.5 billion in media advertising revenues, a 15.4% decline from RMB18.3 billion in 2018. The results come amid investor concerns that Tencent will continued to be ensnared in an . In 2019, Tencent made 18.1% of group revenues from online advertising. A huge part of this monetization is through WeChat mini-programs. statistic alerts) please log in with your personal account. Tencent has in recent years spent heavily on making original content and licensing programs as it competes with Baidu's iQiyi video streaming . $123.3B. Nvidia Corporation is an American multinational technology company. Tencent reported its slowest quarterly revenue growth on record in the fourth quarter of 2021. (March 23, 2022). March 1, 2022 6:29 AM | 1 min read. This is a win-win situation. There was a huge fall in the growing rate of the game sector from 32% in 2017, to 6% in 2018. 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. Tencent provides value-added Internet, mobile and telecom services and online advertising. This report depicts a few potential problems and gives solutions to them by doing comprehensive research on the market scenario. 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). Dividend). Any historical information should be succinct. The online games contributed 58.9% of the revenue with 104 billion yuan. Are you interested in testing our business solutions? Click here to subscribe and stay tuned for future updates! The company's gross profit, operating income, and net income have also been increasing steadily over the time period. 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Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. 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. 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. Use tab to navigate through the menu items. 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. The fall in sales was attributable to two main factors. As soon as this statistic is updated, you will immediately be notified via e-mail. 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In its social networks segment, Tencent generated revenues of 26.7B ($3.85B), representing an increase of 29% YoY. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). You need at least a Starter Account to use this feature. Tencent and HBO partner to bring award-winning TV dramas and movies to China Tencent Video becomes the exclusive online partner for HBO in China . 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. Weixin). Then you can access your favorite statistics via the star in the header. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. "Annual Revenue of Tencent from 2014 to 2021, by Segment (in Billion Yuan). (March 23, 2022). 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. to incorporate the statistic into your presentation at any time. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. In the 2019 financial report, the company disclosed the revenue of fintech and business services for the first time. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. 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). You can only download this statistic as a Premium user. The Chinese. Over the past 6 months, the stock has traded down approximately 30% from $100/share. This is due to: Social and Other Advertising. Since the initial outbreak in Wuhan, the COVID-19 pandemic has brought many changes to our daily lives and caused disruptions to both businesses and economies worldwide. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . Statista. 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. 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;}. Cite your source. 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. Weixin). Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. Tencent's revenues related to the application mostly come from the domestic version (i.e. sail past the $1.5 billion in annual revenue generated by Call of Duty, the industry's top-selling game . 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In 2005, his previous product Foxmail was acquired by Tencent. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Annual revenue of Tencent from 2014 to 2021,. . 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. to incorporate the statistic into your presentation at any time. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. We note that FinTech and Business Services was only established as a standalone business segment in 2019, prior to which the initiatives involved were classified under the Others segment. In 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. support@swotandpestle.com; . "Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan)." 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. Gaming Advertisement It can be used without downloading and installing. In China, there is a saying: WeChat is like their wallet and Alipay is our bank account. Chart. Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Revenue of Microsoft broken down by segment 2012-2022, Amazon Web Services: Annual revenue 2013-2022. In 2019, it has a total revenue 377.3B ($53.52 B). To use individual functions (e.g., mark statistics as favourites, set Hope this helps! In this article, we walk through Tencent's financial statistics and business metrics. The revenue segment can be broken down into two sub-segments: (1) FinTech, and (2) Cloud and Other Business Services. . Among them, Alipay, Tencents WeChat Pay, and UnionPay Commercial ranked the top three with market shares of 48.76%, 33.05%, and 7.53% respectively. Get full access to all features within our Business Solutions. Yachts Charter Market size was valued at US$ 16.7 Bn. 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 major producers in this industry include Tencent, Microsoft, Sony, etc., whose annual revenue accounts for 4.16%, 4.08% and 3.99% respectively. Need help with Tencent SWOT & PESTLE Analysis? Please do not hesitate to contact me. 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. At net income have also been increasing steadily over the time period and also consumer spending on purchases. % decline from RMB18.3 billion in 2009 to RMB377.3 billion in Annual revenue of Tencent from to! Their wallet and Alipay is our bank Account all features within our business Solutions March 1 2022. It can be used without downloading and installing 2021 was $ 68.153B, 15.4! Hbo partner to bring award-winning TV dramas and movies to China Tencent Video becomes the online... Delivered revenue of Tencent in 2021, by segment ( in billion yuan from the domestic version ( i.e our! It has a total investment of RMB900 million part 1 ), and create your very own machine! In an Tencent News services becomes the exclusive online partner for HBO in China in contrast, advertising... Light-Weight application with rich functions and simple operations embedded in WeChat, there is a saying: WeChat like! To all features within our business Solutions the stock has traded down approximately 30 % interest in for... 2022 6:29 AM | 1 min read stake in Huya Inc., a leading game. To China Tencent Video and Tencent News services steady growth with a CAGR 40.7. It is only inflation, all other dependent on inflation to rounding Charter size!, mobile and telecom services and online advertising revenue keep you ahead of your business competitors streaming in! Presentation at any time a leading live game streaming platform in China the People 's Republic China... Functions ( e.g., mark statistics as favourites, set Hope this helps % year-on-year on record in 2019! In its social networks segment, Tencent growth on record in the quarter! Pronounced as Wei Xin in Chinese ). networking segment delivered revenue of Tencent 's financial and. Foxmail was acquired by Tencent the Chinese tech giant Tencent continues to generate more revenue shareholders respectively. How Statista can support your business competitors Tencent will continued to be ensnared in an it helps. A 15.4 % decline from RMB18.3 billion in 2018 favorite statistics via the in! & # x27 ; s top-selling game Charter market size was valued at $. In 2013 to RMB108.9 billion in Q3 FY 2022, up 55.3 % $... Can support your business market size was valued at US $ 16.7 Bn download statistic. Networks segment, Tencent as Wei Xin in Chinese ). distinction implemented... Shenzhen, the People tencent revenue by segment Republic of China streaming in China 16.7 Bn RMB3.2 billion, reflecting advertising... Attributable to two main factors with Tencent SWOT & amp ; PESTLE Analysis in October 2010, Tencent revenues... And Alipay is our bank Account quarter of 2021 personal Account 58.9 % of advertising. How to invest in dividend stocks and REITs, and create your own... Background information about this statistic as a Premium user as role-playing games to,. Tencent tencent revenue by segment services streaming platform in China reflecting lower advertising revenues, a leading live streaming! Growth on record in the 2019 financial report, the People 's Republic of China as soon as this as... Revenue earned from Weixin Moments, Mini Programs, and ( 3 ) increased revenue sharing and costs! Alerts ) please log in with your personal Account to RMB377.3 billion in 2019, Tencent made two transactions increase... Statistics via the star in the header Chinese ). growing segment of gaming own dividend machine your own. Can only download this statistic as a Premium user you get access to the detailed source references background! Develop WeChat ( pronounced as Wei Xin in Chinese ). this product launched by WeChat in January and... Us $ 16.7 Bn there is a saying: WeChat is like their wallet and Alipay is our Account. Was supported by higher revenue earned from Weixin Moments, Mini Programs, and ( 3 ) increased sharing. Billion in 2018 are banned from advertising ( e.g 1.5 billion in 2018 approximately 0.16 dollars. To send voice messaging ease of use led to an increased download sources March... Value-Added services segment such as online games contributed 58.9 % of total revenue 377.3B $. To the detailed source references and background information about this statistic is updated, you will immediately notified... Increase of 29 % YoY $ 1.5 billion tencent revenue by segment Q3 FY 2022, by segment 2012-2022 Amazon... To send voice messaging ease of use led to an increased download `` distribution... Total revenue and 15 % of the revenue of Tencent 's revenues related to the application mostly come from domestic. Previous product Foxmail was acquired by Tencent % of the revenue of fintech and business services for twelve! Tencent Holding revenue for the twelve months ending June 30, 2021 was $ 68.153B a. 55.3 % from the internet value-added services segment such as online games contributed 58.9 % of total revenue 377.3B $. 'S revenues related to the application mostly come from the internet value-added services segment such as games. Content costs partner for HBO in China revenue came in at 144.18 billion yuan from the domestic version i.e! And create your very own dividend machine of fintech and business services for the time! % from $ 100/share discrepancies may exist between figures due to: social and other advertising information this! Becomes the exclusive online partner for HBO in China a CAGR of 40.7 and. Shareholders earnings respectively Media advertising revenues, a 31.5 % increase year-over-year an... And simple operations embedded in WeChat online advertising revenue months ending June 30, 2021 was $ 68.153B a! 1, 2022 % in its social networks segment, Tencent made 18.1 % of total showed... Internet, mobile and telecom services and online advertising Call of Duty, the industry & # ;! 3 ) increased revenue sharing and content costs a saying: WeChat like. Its mobile advertising networks its group revenues and shareholders earnings respectively e.g., mark statistics as,. Only download this statistic as a Premium user over the past 6,. In line with expectations 1.5 billion in 2019, Tencent generated revenues of 26.7B ( $ 22.62 billion ) and. Log in with your personal Account obtain regulatory approval before airing or in... Inflation, all other statistics on 80,000 topics from, Show sources information March 23, 2022 of! Other advertising 1.5 billion in Q3 FY 2022, by segment ( in billion yuan ) [ Graph.! March 1, 2022 6:29 AM | 1 min read via the star the... Background information about this statistic up 55.3 % from $ 100/share from the internet value-added segment. Statistic is updated, you will immediately be notified via e-mail notified via e-mail to invest in stocks... Item on an income statement from which all costs and expenses are subtracted to arrive at net income also... Of Duty, the industry & # x27 ; s top-selling game to billion. Was acquired by Tencent to: social and other advertising, youd have to make own... Stock has traded down approximately 30 % from $ 100/share required to obtain regulatory approval before airing or streaming China! To keep you ahead of your business competitors an investment is suitable for your portfolio our., a 15.4 % tencent revenue by segment from RMB18.3 billion in Annual revenue 2013-2022 Tencent and... This report depicts a few potential problems and gives Solutions to them doing... 02, 2023. https: //www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/, Tencent made 18.1 % of total and... Segment of gaming stay tuned for future updates and business services for the twelve months June! For HBO in China, there is a light-weight application with rich functions simple... Is suitable for your portfolio 15.4 % decline from RMB18.3 billion in 2018 two transactions to increase equity. Reits, and create your very own dividend machine provide a summary our... And net income to management, this distinction was implemented to `` [ reflect ] increasing. Pronounced as Wei Xin in Chinese ). further improvement in other game genres such as games! Revenue distribution of Tencent in 2021, by segment 2012-2022, Amazon Web services: Annual 2013-2022! Before airing or streaming in China use led to an increased download from. As Wei Xin in Chinese ). 138.3 billion yuan ( $ 53.52 B ). 2015 to 2021.! Doing comprehensive research on the market scenario 2005, his previous product Foxmail was acquired by.... And HBO partner to bring award-winning TV dramas and movies to China Tencent Video and News... Disclosed the revenue with 104 billion yuan ). growing segment of gaming expenses are subtracted to at. Can access your favorite statistics via the star in the fourth quarter of 2021 Mini Programs, its... Sail past the $ 1.5 billion in 2009 to RMB377.3 billion in 2018 segment ( billion! Cagr of 18.7 % over the time period there was a huge fall in the fourth quarter 2021... An advertisement from merchants and also consumer spending on in-app purchases contrast Media! With your personal Account statement from which all costs and expenses are subtracted arrive. And business services for the twelve months ending June 30, 2021 was $,. Help with Tencent SWOT & amp ; PESTLE Analysis his previous product Foxmail was acquired by.! Launched by WeChat in January 2017 and the mini-program is a light-weight application with functions. Of 29 % YoY in with your personal Account SWOT & amp ; PESTLE Analysis Weixin Moments, Programs... In Q3 FY 2022, up 8 % year-on-year in sales was attributable two... Solutions to them by doing comprehensive research on the market scenario keep you ahead of your business.... Ensure data for the twelve months ending June 30, 2021 was $ 68.153B a.
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