In the same year, the company recorded $12.79 billion from online advertising and around $1.96 billion in other services.Also, the company pulled a revenue of around $19.61 billion from its FinTech and business services.This is equivalent to about $40.45 billion. Moreover, in the same year, the company made 264.21 billion Yuan from its value-added services like games and Mini Programs.It recorded shares of 26%, 28%, and 29%, respectively for the three consecutive years mentioned. In the last three years, from 2018 to 2020, its second-biggest business segment when it comes to revenue distribution is Fintech and business services.This is its core business segment and has been bringing in the biggest share of revenue since 2015. Since 2018, Tencent, the parent company of WeChat, has made around 50% of its revenue from value-added services.It might not be one of the largest companies in the world, but it is a big player. These include a 100% stake in Riot Games, 17.66% of Netmarble, 5% of Ubisoft, and 5% of Activision Blizzard. Tencent Holdings has invested in many foreign companies. With investments both foreign and domestic, Tencent has been raking in tremendous profits for many years. Financial Performance: Tencent and WeChat Number of WeChat Ecommerce Employees with Projections* (iResearch, 2021)Ģ. This is a 226% increase in a span of just four years. In 2016, the company only had north of $1.84 billion for R&D expenses.This is evidenced by the increasing annual R&D expenses, reaching 38.97 billion Yuan in 2020, which is equivalent to around $6 billion.It ranks fifth among (1) IBM, (2) Microsoft, (3) Huawei, and (4) Samsung. As of November 2020, Tencent has 2,809 active patent families when it comes to data security. The company is known to be one of the most innovative businesses.By 2020, the number grew again to 85,858.In 2019, Tencent had around 62, 885 employees.This is a 776.8% growth in just 10 years. In 2008, the company had only 6,194 employees. The company has been growing, not just in terms of revenue, but also in size.In 2020, it was the eighth largest company globally with the largest market capitalization of $509.7.Moreover, it also hosts popular games, including Call of Duty Online and League of Legends. These include a foray into the big screen with films like Warcraft, Wonder Woman, and Venom. The company, mainly in tech, also has other ventures. WeChat and its auxiliary functions are just part of Tencent’s overall offerings. Tencent owns two of the top 10 apps in the Chinese market.These round out the top five apps in China. As of November 2020, WeChat is the top app when it comes to the number of MAU with 992.96 million.As of March 2020, there are three to nine Mini Programs available on the platform. They are mini-apps that run on the Weixin/WeChat platform. Its Weixin Mini Program provides tools for individuals and businesses to connect with each other. ![]() The product, internationally, has a presence in 60 markets and offers support for 17 currencies.
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