Tencent's 2016 Net Profit Innovation High WeChat User Approaches 900 Million

[Global Technology Reporter Wang Huan] According to “Nihon Keizai Shimbun” reported on March 23, on the 22nd, Tencent Holdings released the financial report for the 2016 fiscal year (as of December 2016), net profit reached 41.095 billion yuan, an increase over the same period last year. 43%. As the number of users of WeChat increased significantly, the number of users of paid games on the WeChat platform increased, which contributed to the increase in profits.

Tencent’s sales in FY2016 reached RMB 151.938 billion. Both sales and net profits hit a record high.

As of the end of 2016, the number of WeChat monthly active users increased by about 200 million from the end of 2015 to 889 million, approaching 900 million.

Tencent CEO Ma Huateng held a press conference in Hong Kong and stated that he will also focus on the game field in the future and continue to invest actively in the game business with strong momentum.

From the perspective of different businesses, core game business sales increased by 34% year-on-year to approximately 107.8 billion yuan, accounting for 71% of total sales. Followed by the advertising business, the advertising performance through Tencent News and Tencent video was strong, an increase of 54% year-on-year, reaching approximately 26.9 billion yuan, accounting for 18% of total sales.

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