Tencent's revenue exceeds 134 bln yuan in Q2

SHENZHEN, Aug. 17 (Xinhua) -- Chinese internet giant Tencent raked in about 134 billion yuan (about 19.8 billion U.S. dollars) in total revenue during the second quarter of 2022, according to a company financial statement released on Wednesday.

During the period, the company's net profit dropped 17 percent year on year to approximately 28.14 billion yuan. The decline narrowed from the year-on-year decrease of 23 percent in the first quarter.

In the second quarter, the company's revenue from the fintech and business services sectors reached about 42.2 billion yuan, accounting for nearly one third of its total revenue.

In addition, Tencent invested more than 15 billion yuan in R&D in the April-June period, up 17 percent year on year.

In the first half of 2022, Tencent has made a number of R&D achievements in the fields of databases, big data and artificial intelligence.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In World

North Korea fires ballistic missile toward east coast - South Korea military
Right-wing alliance seen as likely winner as Italians vote
U.S. CIA's in-house museum adds new spy exhibits
Confucius Day marked in Budapest with cultural programs
Saudi crown prince meets with Turkish officials - SPA
Somaliland postpones presidential election to next year
Russia's Lavrov accuses Washington of playing with fire around Taiwan
Russia parliament may study annexation of occupied Ukraine on Thursday - TASS
Iran says U.S. move to ease internet sanctions is part of its hostile stance
Buckingham Palace issues photo of Queen Elizabeth's final resting place

Others Also Read