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by Greg Cruey on March 19, 2009
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.
© GGuillaume
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.
© GGuillaume
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/146848
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Vote for China's Tencent - the World's Most Profitable Social Network:
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Rating: 8.00 out of 2 vote(s) cast.
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Response from:
thai
(03/21/09 8:55am)
wow Tencent took in about a billion dollars in revenue last year??
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