Friday, March 23, 2018
Tencent Enjoys Bumper 2017
Tencent reported a 56% increase in revenues in 2017 to 237.8 billion Chinese yuan (36.4 billion US dollars), driven by a 65% rise in advertising revenues and a 52% rise in value added services revenues generated by its social networks, which include QQ and WeChat.
Tencent said that its Tencent Video service achieved rapid growth in traffic and paying users, driven by the popularity of its exclusive drama series, movies and self-commissioned content. "We became the leading video streaming platform in China with over 137 million mobile daily active users during the fourth quarter and 56 million subscriptions as of the end of 2017," it added. source: Tencent statement
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