Tencent Tech Investment Pursuing Aggressive Growth in the West
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The 20,000 Foot View: Tencent, currently the fifth most valuable public company in the world, saw income from ‘other gains’ increase in 2017 by on 2016 figures, going million to billion. These other gains comprised one-off gains from IPOs, tax rebates and investment subsidies. Tencent’s plans to continue investing in content and technology may weigh on short-term profitability, but the return from these investments – as illustrated by the eight-fold year-on-year (YoY) increase in 2017, will anchor long-term growth, in turn potentially funding more aggressive growth and innovation strategies.
Key Findings
- Tencent’s three apps, QQ Music, Kugou and combined account for of the market share for music subscribers
- Tencent has involved with major acquisitions and in gaming since 2008
- Tencent has the gaming market share in
- Tencent invested than billion in India between and 2018 as it looks capture the next billion users come online
- Tencent invested in 2018 and continues to its growing gaming empire
- Tencent Video are times more likely to watch sports than overall consumers of Tencent’s WeChat weekly users are sports fans
Companies and brands mentioned in this report: Activision Blizzard, Alibaba, Baidu, Bank of America Merril Lynch, BBC Worldwide, China Everbright, China Literature, Douya, eBay, Epic Games, Facebook, FlipKart, Gaana, Goldman Sachs, Hike, Huya, Jio, Kuguo, Kuwo, Major League Baseball, Meilishuo, Meituan Dianping, Microsoft, Morgan Stanley, Motion Picture Association of America, National Basketball Association, Ola, Paytm, Pear Video, QQ Music, Riot Games, Snap Inc., Soguo, Spotify, Supercell, Tang Media Partners, Tencent, Tencent Music, Tencent Video, Uber, Ubisoft, Vivendi, Wallmart, WeChat, Whatsapp