Tencent recently announced its FY 18 results and the total revenue for the company at USD 45.46 billion grew by 24.5% on a YoY basis and net profit to the shareholders at USD 11.44 billion increased by 4.22% on a YoY basis. Tencent divides its total revenue into three segments:
-
Value-Added Services (comprises of social networks & online games)
-
Online Advertising
-
Others
The Others segment primarily consists of Payment & FinTech services, Cloud services, and other services. For this article, we will focus on Payment & FinTech services[1]. The Payment & FinTech services of Tencent comprise the following:
-
Weixin/WeChat Pay: An integrated feature in Weixin/WeChat (instant messaging and social entertainment mobile app), Weixin/WeChat Pay is a mobile payment solution.
-
QQ Wallet: QQ Wallet is integrated into QQ instant messaging platform for PC and mobile. QQ Wallet is a mobile payment product that incorporates multiple payment methods such as bank card payment, QR code payment, and NFC payment.
-
LiCaiTong: WeChat’s wealth management platform.
-
WeiLiDai (Affiliate: WeBank): WeBank is China’s first digital bank and is backed by Tencent. WeiLiDai is WeBank’s first online consumer loan product and has been launched on QQ and WeChat.
-
WeSure (Subsidiary): Insurance agency platform accessible on WeChat and QQ.
Tencent does not provide details of revenue through Payment & FinTech and Cloud services. However, the Others segment
