ERP company Kingdee publishes disappointing figures
Tencent had revenue that amounted to USD 20,486 million (26% YoY) in the last quarter of 2020. Profit for the same quarter was USD 5.089 million (30% YoY). Compared to other technology companies, Tencent also invests a lot of its cash in startups. Still, total cash at the end of the quarter was USD39,772 million. The revenue is mainly generated in 3 areas, which are Gaming (28% YoY), Online Advertising (22% YoY), and FinTech and Business Services (29% YoY). With WeChat, they now have over 1.2 billion users.
This briefing is contributed by and first appeared on CIMK.
Source: CIMK
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