Mar 29, 2023 09:33 AM (GMT+8) · EqualOcean
Chinese tech giant Tencent wants to sale its wholly owned subsidiary Sanook Online, a leading Thai web portal, sources said. Sanook started in 1998 as a Thai-based web directory and gradually developped into an all-inclusive entity with businesses ranging from web portal (Sanook.com), news portal (NoozUp), music-streaming (JOOX), IM (WeChat), and e-commerce (Sabuy). Previously in 2016, Tencent has branded it to Tencent (Thailand). Sanook's revenue continued to recover from THB 118 million in 2020 to THB 190 miilion in 2022, with a stable monthly-active-user (MAU) at 30 to 40 million. Moreover, the loss in the past 2022 was THB 19 miilion, due to a higher shared cost allocated to Sanook due to JOOX termination. However, 2023 is expected to be profitable, sources said.

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