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Tencent Showing Growth in Fintech Businesses
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Tencent Showing Growth in Fintech Businesses

Tencent Showing Growth in Fintech Businesses

Fintech Nexus Staff·
FintechNews Roundup
·May. 16, 2019·1 min read

For the first quarter of 2019, Tencent reported its slowest revenue growth since they first became public 15 years ago; despite this, they said that their earnings from fintech are making up some of the declines in other areas of the business; this is the first time that Tencent broke out earnings from their fintech and business services divisions; revenues jumped 44% driven by WeChat payments along with insurance services and cloud computing; the unit is now their second largest division and makes up a quarter of their revenues. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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