BrandZ just released their Most Valuable Brands list for 2020. The BrandZ™ Global Top 100 now includes 17 Chinese brands, led by Alibaba and Tencent.
Tencent Company Updates and Insights
Tencent, or Tencent Holdings Limited, is one of China's largest internet-based technology companies, founded in 1998 by five founders in Shenzhen: Ma Huateng (Pony Ma), Zhang Zhidong, Chen Yidan, Xu Chenhua, Zeng Liqing.
Tencent Holding Ltd was listed on the Hong Kong Stock Exchange on 16 June 2004, and it was added as a Hang Seng Index Constituent Stock in 2008. Check out Tencent stock on Bloomberg here.
Tencent Company Structure
Tencent consists of six business groups: Technology Engineering Group, WeChat Group, Interactive Entertainment Group, Platform & Content Group, Cloud & Smart Industries Group, Corporate & Development Group.
Tencent's Top Applications
To meet with the interest-based social needs of youngsters, QQ has also introduced its mobile social community ecological strategy which combines QQ Group, Interest Tribe (Interest Tribe is the largest interest-based social networking platform in China) and QQ Official Accounts together.
From comics, videos, games and animation to music, literature, films and news, Tencent runs digital content and multi-media services, providing entertainment and cultural enrichment. Tencent also runs one of the top entertainment platforms Tencent Video and QQ Music.
Tencent is also one of the world's largest gaming company and one of the world's largest venture capital firms and investment corporations.
Payment solutions: Tenpay, WeChat Pay, QQ Wallet.
News: QQ.com, Tencent News (app)
Other popular applications include Yingyongbao (Android app store), QQ Browser, Tencent Mobile Manager, Tencent PC Manager, Tencent Map, QQ Mail, etc.
In 2007, Tencent launched the Tencent Foundation, the first charitable foundation by an internet enterprise in China. The foundation is devoted to creating a system that empowers citizens to engage in charitable activities.
Tencent Open Platform
Tencent Open Platform is built for its partners, enabling them to easily connect with QQ, Weixin, Qzone, and YingYongBao and gain traffic and revenue through open APIs across PC, mobile and multiple devices.
Additionally, there are more than 30 “Incubator Spaces” for partners in China, with total floor space of up to 1 million square meters.
Tencent also provides Tencent Cloud, a public cloud platform for corporate and individual users. It provides developers with cloud servers, cloud databases, cloud storage, CDN and other basic cloud computing services, as well as various industry solutions including online games, video, and mobile applications.
Read the story: Rise of the Tencent Empire.
Tencent has the highest reach of 96.4% China mobile internet users in March 2020, an increase of 2.9% YoY. Alibaba and Baidu reach 93.3% and 86.2% mobile internet users respectively while ByteDance follows closely with 745 million unique users.
Huawei has ranked the top Chinese company in Boston Consulting Group’s Most Innovative Companies 2020 list, or the sixth globally, followed by Alibaba, Tencent, Xiaomi, and JD.
China’s cloud infrastructure services market grew 67.0% year on year in Q1 2020, according to Canalys. Alibaba, Huawei, Tencent, and Baidu lead with a combined market share of 81%.
The monthly active users (MAU) of WeChat increased by 8.2% YoY or 3.2% QoQ to 1.2 billion in the first quarter of 2020, according to Tencent’s financial results. Smart device MAU of QQ decreased by 1% to 693.5 million.
Tencent’s revenues in the last quarter of 2019 reached US$15,161 million, an increase of 25% YoY. Monthly active users (MAU) of WeChat grew to 1,164.8 million, up 6.1% YoY. Smart device MAU of QQ was 647 million, down 7.5% YoY.
Over 72 thousand organizations offer 178 thousand courses on Tencent Class in 2019. And, revenues of the top 100 organizations grew by 62%, according to Chen Shujun, VP of Tencent Education.
Tencent has the highest internet user penetration of 97.3% in China in September 2019, followed by Alibaba, Baidu, and ByteDance. But, ByteDance saw the largest increase of 18.6% YoY in internet user penetration.
ByteDance, the company owning several popular apps in China including TikTok and Toutiao, has surpassed Baidu in the first half of 2019, becoming China’s second-largest digital advertising media business, according to the latest report of consulting firm R3. ByteDance now accounts for close to a quarter (23%) of China’s digital advertising market, close to 50 […]
Tencent’s social media platform WeChat MAU grew to 1.15 billion and QQ mobile MAU 653.4 million in Q3 2019. WeChat Mini Programs DAU exceeded 300 million. Tencent revenues increased by 21% year-on-year, primarily driven by commercial payment services and other FinTech services, smart phone games, as well as social advertising.
Though still in testing phase Tencent Live integrates live streaming with its mini program. Brands can embed HTML5 based product on its mini program as an entry to its live streaming. Followers and fans can click to open Tencent Live to watch live streaming.
The monthly active users of China mobile internet dropped to 1.136 billion in June 2019 from 1.138 billion in March 2019 according to data from QuestMobile. China’s mobile internet users grew by 46.07 million in 2018 and slowed down in the first half of 2019 with only 5.7 million additional active users. Daily time spent […]
Tencent’s total revenues were RMB88,821 million (USD12,920 million) in Q2 2019, an increase of 21% over the second quarter of 2018 according to its financial results. Operating profit was RMB27,521 million (USD4,003 million), an increase of 26% YoY. And, the operating margin increased to 31% from 30% last year.
A Gartner research shows Database Management Systems (DBMS) cloud services are already $10.4 billion of the $46.1 billion DBMS market in 2018. And, the overall DBMS Market grew at 18.4% from 2017 to 2018 – its best growth in over a decade. Cloud DBMS accounted for 68% of that growth.
Chinese mobile internet users consumed an average of 3.17 billion hours a day on mobile apps. Time spent on Tencent affiliated apps were less in 2018 while video live streaming captured more and more leisure time. There were 1.13 billion unique mobile devices, and Chinese mobile internet users consumed an average of 3.17 billion hours […]