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 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’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.
Nine brands entered the BrandZ™ Global Top 100 2019 as newcomers, the greatest number of newcomers since 2015. The make-up of the newcomers also demonstrates some of the drivers of volatility. Six of the nine newcomer brands come from Asia, including four Chinese brands. Six brands are in technology or technology-related categories, and several brands […]
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 […]
Tencent’s total revenues in Q1 2019 were RMB85,465 million (USD12,693 million), an increase of 16% over the first quarter of 2018 according to Tencent’s announced financial results.
Total advertising revenues of 16 leading internet companies in China surged by 39% to US$57.28 billion in 2018. The BAT together accounted for over 70% of the total. Qutoutiao, ByteDance, Bilibili, and Meituan are among the fastest-growing ones with annual growth exceeding 100%. The leading internet companies still earned a lot from online advertising in […]
The total brand value grows a record 30% to US$889.7 billion. Alibaba has been crowned the most valuable brand in China for the first time in the annual BrandZ™ Top 100 Most Valuable Chinese Brands ranking, published by WPP and Kantar in Beijing, having grown its brand value by 59% year-on-year to US$141 billion.
China’s leading internet companies such as Baidu, Alibaba, and Tencent, a.k.a. BAT, also compete in the investment. In 2018, companies received around 2.6 billion yuan investment from Baidu, over 12.7 billion yuan from Tencent, and near 40 billion yuan from Alibaba. The 2.1 billion yuan ($302 million) strategic round in Xinchao Media, an elevator advertising […]
Awareness of Chinese brands in international markets has declined over the past three years. The “Brand Power” of leading Chinese brands is up 15% year-on-year, compared with 5% growth last year. “Brand Power” is rising fastest in Japan, France, and Spain, representing emerging hubs of growth, according to the BrandZ™ Top 50 Chinese Brand Builders […]
In Q4 2018, China’s third-party mobile payment grew by 7.78% to US$7 trillion in Q4 2018. Alipay (53.78%) and Tencent Finance (38.87%) combined had a total of 92.65% market share. The third-party internet payment market shrank by 3.48% quarter-on-quarter to US$0.94 trillion. The top 3 players accounted for 56.42% share of this market. 3rd-party mobile […]
Total MAU of WeChat grew by 11% year-on-year to approximately 1,098 million by the end of 2018. Around 80% of the top 500 enterprises in China are now registered as WeChatWork corporate users. Tencent’s total digital content subscription counts exceeded 100 million by the end of 2018, up 50% year-on-year. The total daily payment transaction […]