Ads accounted for 16 percent of revenue this quarter, meaning ads in the USA brought in around $25m.With such strong growth in other product lines, Tencent can therefore walk away from its US business without incurring much discomfort. Tencent 2020 Second Quarter and Interim Results Announcement. MAUs and daily messages sent both increased year-on-year. MAUs and daily messages sent both increased year-on-year. WeChat MAU grew 6.5% YoY to 1,206.1 million in Q2 2020 while another social platform of Tencent QQ saw a decrease of 8.4% YoY to 647.6 million according to Tencent's financial results. Users can initiate online parties and play AI-empowered social games together with their friends in video chats.To engage the expanding fan base for Anime, Comics, Games, and Novels (“ACGN”) content, it offered customizable comic stickers within QQ chats, and enriched content for ACGN-related Mini Programs, which gained popularity among young users.Social networks revenues increased by 29% to RMB26,714 million.
According to industry analysts, a critical element for secure hybrid multicloud environments is the storage infrastructure. Maybe Donald isn’t in love with Vlad after all – but he did just give Russia attribution and maybe a peek at tradecraft Tencent released an immersive team-based action game for PC, Valorant; a card game supporting cross-platform play on PC and smartphones, Legends of Runeterra; and a licensed mobile RPG, CODE:D Blood.Valorant was the most-watched game globally on Twitch during the second quarter, reflecting the game’s instant appeal to immersive action game players.Continued strength in social and others advertising contributed to the year-on-year revenue growth for Tencent’s online advertising business, up 13% YoY and accounting forSequentially, Tencent’s online advertising revenue grew at a slower-than-seasonal rate as the games and Internet services sectors, which had ramped up advertising aggressively during the first quarter of 2020 due to work-from-home behavior, reduced their spending to more normal levels.However, Tencent’s advertiser industry breadth diversified in Q2 2020 as categories such as e-commerce and education spent heavily for the This new platform will also enhance bidding efficiency and provide smarter targeting for advertisers. Chinese web giant Tencent has reported strong growth and brushed off the potential impact of the USA’s proposed ban on its WeChat service and cloud operation.Much of that money comes from games and with plenty of the world locked indoors for weeks at a time Tencent saw 62 percent year-on-year growth in mobile games. Why it matters: Tencent is one of the world’s largest companies, and its second quarter stats show that even geopolitics can’t slow down the juggernaut. 2020.08.12. Tencent 2020 First Quarter Results Hong Kong Roadshow . Tencent saw one of the fastest-growing quarters in years in both profits and revenue during the second quarter, largely due to a surge in the mobile games income and despite the Covid-19 pandemic and the US-China tech war. That was faster growth than seen in the first quarter of 2020. Conference call. Contents: Prepared Remarks; Questions and Answers; Call … For social and others advertising, WeChat properties, particularly As for media advertising, revenue declined sharply year-on-year due to weak demand from brand advertisers and the delayed production and release of certain variety shows and drama series, some of which Tencent expect to release in the second half of 2020.Tencent’s commercial payment and wealth management businesses grew their users and business scale, driving Offline merchants, especially SMEs increasingly adopted Tencent’s payment services and business management tools, as they sought to digitally upgrade their businesses to access customers and settle transactions via mobile phones.During the quarter, merchant demand for Tencent’s payment solutions stepped up, especially from categories such as retail and restaurants.
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