Main on-line recreation operator Tencent Holdings Ltd. reported robust revenue development in final yr’s fourth quarter, fueled by robust efficiency for its worldwide video games and fintech companies.
Tencent mentioned its income grew 25% within the closing three months of 2019 to 105.eight billion yuan ($15.1 billion), whereas its revenue rose by a fair stronger 52% to 21.6 billion yuan, in accordance with its newest quarterly report launched after markets closed on Wednesday.
Whereas its total on-line recreation income rose by a modest 10% for all of 2019, worldwide recreation income greater than doubled within the fourth quarter and accounted for 23% of whole gaming income for the three-month interval, the corporate mentioned.
The corporate additionally posted robust beneficial properties for its cellular funds enterprise, as its WeChat-based service battles with Alibaba’s Alipay for market share within the well-liked area that’s rapidly making money out of date in lots of Chinese language cities. Tencent mentioned that within the fourth quarter its fintech division averaged in extra of 1 billion day by day industrial fee transactions, lined greater than 800 million month-to-month lively customers, and work with over 50 million month-to-month lively retailers.
The corporate mentioned that fintech providers accounted for 27% of its whole income for all of 2019, up from 23% for the earlier yr.
Contact reporter Yang Ge ([email protected])
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