Tencent: The Growing Giant
Tencent released its Q1 results earlier this month, including the latest monthly active user figures for its various social platforms.
As the chart above shows, Tencent’s platforms have attracted a huge share of the world’s social media users, even if the majority of those users are still based in China.
Despite this geographic focus, Tencent now accounts for 3 of the world’s top 5 platforms, driven by the continuing growth of QQ, Qzone and WeChat:
Qzone alone now accounts for around 40% of the world’s social media users.
Moreover, the impressive growth of WeChat (Weixin), both in terms of its active user numbers as well as the platform’s functionality, suggests that Tencent is still far from reaching its peak.
Is it only a matter of time before the rest of the world joins the Tencent family?