Tencent's Impressive Line Of Messaging and Social Platforms

August 18th, 2014
in econ_news, syndication

by Felix Richter, Statista.com

Tencent, one of China's largest internet companies, released its second quarter earnings report today (PDF).

Follow up:

The company posted 37% revenue growth and 58% profit growth, driven mainly by the success of messaging app WeChat (known as Weixin in China) and by a jump in revenue generated with mobile games within WeChat and Tencent's other messaging platform QQ.

Tencent operates three large messaging/social platforms, all with hundreds of millions of users. WeChat in particular is Tencent's biggest asset in its rivalry with Alibaba, as the company plans to leverage the app's reach among China's smartphone users to push its own services against Alibaba's competing offerings.

Valued at around $160 billion, Tencent is currently China's most valuable public internet company. However, it is widely expected that Alibaba will be valued even higher when it goes public later this year.

This chart shows the growth of Tencent's instant messaging and social media platforms.

Infographic: Tencent's Impressive Line Of Messaging + Social Platforms | Statista
You will find more statistics at Statista

 









Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.















 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved