China’s Tencent – the World’s Most Profitable Social Network

March 19, 2009 by admin

A couple of sources (paidContent.org, VentureBeat) had stories today on the wicked-huge earnings report from China's Tencent web portal and social network.

Tencent took in about a billion dollars in revenue last year. MySpace, by comparison, hoped for a billion dollars in revenue but settled for just $800 million. And somewhere between $250 million and $350 million.

PaidContent.org said that most of Tencent's revenue came form users of its QQ gaming platform, but also included instant-messaging upgrades and wallpaper that users of its social network, Q-Zone, must pay for. Tencent sells its own virtual goods; MySpace and Facebook are more focused on selling advertising.

China's Tencent - the World's Most Profitable Social Network
© GGuillaume


~admin

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One Response to “China’s Tencent – the World’s Most Profitable Social Network”

  1. thai commented on March 21, 2009 at 7:55 am :

    wow Tencent took in about a billion dollars in revenue last year??

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