Tencent Highlights for Q1 2022 – China Web Watch

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The selection of per month energetic customers (MAU) of WeChat grew% to at least one,288 million within the first quarter of 2022, in keeping with Tencent’s quarterly effects. Sensible tool MAU of QQ was once 564 million.

Mini Methods exceeded 500 million DAU and sustained speedy enlargement in gross products price with deepened penetration in retail, eating and municipal products and services. Learn extra on Mini Methods right here. Or, to find out extra on WeChat right here.

Tencent’s general revenues have been RMB135.5 billion (USD21.3 billion), and not using a program YoY. Benefit for the duration was once RMB23.7 billion (USD3.7 billion), a lower of 52% YoY. Web margin reduced to 18% from 36%.

Revenues from On-line Promoting reduced via 18% to RMB18.0 billion for the primary quarter of 2022. Media promoting revenues reduced via 30% to RMB2.3 billion.

Social Networks revenues grew via 1% to RMB29.1 billion, reflecting higher earnings from its Video Accounts reside streaming provider, in large part offset via reduced revenues from music- and games-related reside streaming products and services.

Revenues from FinTech and Trade Services and products higher via 10% to RMB42.8 billion.

Elementary income consistent with proportion have been RMB2.455. Diluted income consistent with proportion have been RMB2.404. General money have been RMB304.1 billion (USD47.9 billion) on the finish of the duration.

In Q1 2022, Tencent applied value regulate projects and rationalized sure non-core companies, which might allow them to succeed in a extra optimized value construction going ahead.

Tencent applied equipment corresponding to Mini Methods, Tencent Assembly, and WeCom to lend a hand enterprises and shoppers climate the resurgence of COVID-19 in China, and endured making an investment in strategic enlargement spaces together with undertaking instrument, Video Accounts and world video games.

Cell succeed in in China: Tencent, Alibaba, Baidu, ByteDance, vs. Kuaishou



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