Tencent Releases Cloud Revenue For First Time

Matthew Brennan Tencent

For the first time ever Tencent’s 2018 Q3 earnings call let us know how much they earn from cloud services. It was certainly more than I or many others expected. “2018 Q1-Q3 cloud services revenue was 6 billion+ RMB (0.86 billion USD) , more than doubling YoY. Paying customers grew at a triple-digit rate YoY.” That puts Tencent’s cloud revenue at …

A Deep Dive Into Tencent’s Restructuring: The Struggle to Master B2B

Matthew Brennan Tencent

A few days ago Tencent officially announced a major restructuring (Link in Chinese), the third ever in company history. The move is a big deal for the Chinese internet industry as the repositioning of Tencent’s divisions reveals much about their long strategy and where they believe the future key internet and technology sector battles will take place. In this essay …

A good reason and a bad reason to be less optimistic about Tencent

Matthew Brennan Tencent

Tencent’s earning’s call on Wednesday has understandably caused a lot of debate. The first drop in profits in 10 years is certainly something worthy of discussion. Tencent’s share price has clearly had a horrid time of things this year. Yet I’ve somehow found myself somewhat confused at the narratives being spun around this situation. Below I took a bash at breaking …

Tencent CEO Pony Ma Talks On Smart Retail

Matthew Brennan Article from other sources, Tencent

Tencent CEO Pony Ma gave an interview today covering a variety of topics. Below is my translation of the part on ‘smart retail’ (what Alibaba call ‘new retail’) which has been easily one of 2018’s red-hot topics so far. I found it particularly interesting as it provides some insight into Tencent’s strategy in this area. Interviewer: What are your thoughts, …

How To Break WeChat’s Transfer Limit: WeBank

Matthew Brennan Tencent, WeChat Tips

A few days ago a small but potentially important new change on WeChat was quietly released without any official announcement (to date). There’s now finally a way to get around WeChat Pay’s yearly balance transaction limit and it seems that this is now WeChat’s first serious move to promote WeBank, which makes it a big deal.   Tencent’s smart way of driving …

Why Is WeChat Pushing So Hard For Charity?

Matthew Brennan Tencent

Yesterday WeChat moments was overtaken with people posting colorful paintings to help raise money and awareness for those with mental disabilities. The campaign from Tencent Charity was an amazing success raising millions in hours and yet another clear demonstration of how mobile technology is changing the charity industry in China in ways that we don’t yet see in the rest of …

Tencent Credit Score Launching Soon On WeChat & QQ

Matthew Brennan Hot News, Tencent, Upgrades

Today reports have started to appear across the Chinese intranet indicating that in the next few days Tencent credit ratings will be available to check directly through QQ & WeChat. If correct that means we could soon be able to get a little glimpse into all the juicy financial data that Tencent has on WeChat users and their creditworthiness. This …

WeChat Vs. LINE Battle Of the Merchandise Stores

Matthew Brennan Tencent

A few days ago WeChat announced that they are partnering with GAP to launch a range of WeChat branded clothing (see picture below). WeChat’s first major foray into releasing official branded merchandise. But it seems that this is could just be the beginning of WeChat’s plans to move into more merchandising and theres some big clues that point to WeChat opening their own branded ‘WeStores’ soon. …

1 Minute On WeChat Infographic

Matthew Brennan Infographics, Tencent

What happens on WeChat in 1 minute? We crunched the numbers from various sources and reports can came up with the following WeChat infographic below… Bonus Data The number of WeChat users continues to steadily increase. Yesterday’s Tencent 2016 Third Quarter Release revealed that WeChat now has over 846,000,000 month active users! To put this incredible rise into context, let’s compare that …

The 5 Best WeChat Adverts

Matthew Brennan Tencent

WeChat have had their eyes on global expansion for some time. That means throwing the occasional bit of money on an ad campaign. Today we bring you the 5 most interesting WeChat adverts for different global markets. 1. WeChat India’s Cow Advert What the hell is going on here? We have no idea. It’s bonkers. 2. WeChat South Africa’s ‘Mark Zukerberg’ …

New Business WeChat Enterprise App Coming Soon

Matthew Brennan Features, Tencent

As has been widely reported in the last few days, WeChat will launch a new app called the ‘WeChat Enterprise App’ (企业版微信). Read on to find out: What is the new app all about? How will this affect WeChat? & Why are they doing this? A screenshot of the new app login page The new Chinese version of Slack?  In general Chinese …

The Truth About The New WeChat Service Charge

Matthew Brennan Tencent

A new WeChat service charge of 0.1% was announced for China users making withdrawals starting from March 1st 2016.  At the same time WeChat is cancelling its previous policy of charging 0.1% on cumulative monthly transfers above 20,000 yuan. The announcement has caused much confusion and debate. Below we explain: How this will affect you? & Why is WeChat doing this? New Service Charge …