Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Tencent Records Over $500M In Revenue From In-App Purchases In Oct 2021

Tencent is the dominant name when it comes to gaming in China and is even reported as the world’s largest video game vendor. The Chinese gaming giants also have a stranglehold in the mobile gaming segment, generating large amounts of revenue. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game publishers in China and more than double the next largest revenue generated.

Tencent Dominates Chinese Publishers In In-App Revenue – $513M In Oct 2021

Tencent has dominated the Chinese gaming landscape for several years now and its influence shows little sign of dwindling. Tencent has several top mobile games under its ownership and generates large amounts of revenue from in-app purchases. In October 2021 Tencent’s revenue from mobile game in-app purchases amounted to an estimated $513M. The over half a billion figure is more than double the next largest in-app revenue generated by its competitor NetEase which generated $252M for the month.

Tencent also dwarfed the numbers generated by the rest of its competitors from China at a staggering rate. Tencent’s revenue from in-app purchases amounted to more than the combined revenue generated by the rest of the top 10 in-app revenues generated after second-placed NetEase. The rest of the top 10 only generated $426M in in-app purchases, almost $90M less than the revenue generated by Tencent for October 2021.

Tencent Also Way Ahead In Downloads – Almost 50M In October 2021

Predictably, Tencent was also the leading publisher when it came to application downloads in China for the month of October 2021. Tencent recorded over 48.65M downloads for the month compared to just 9.74M downloads generated by second-placed NetEase. Tencent’s dominance is further highlighted by the fact that Tencent applications were downloaded more times in October 2021 than the rest of the top 10 publishers in China combined.

Robert Pascual, eSports editor at Safe Betting Sites, commented:

“Tencent continues to dominate the Chinese gaming landscape and has become a global gaming behemoth in the process. Its smart investments in markets outside of China make Tencent one of the most recognizable names in all of gaming.”

You can read more about the story with more statistics and information at:

© Scoop Media

Business Headlines | Sci-Tech Headlines


Foodstuffs: New World & Four Square Trial NZ’s First Grocery Delivery Offer With Uber Eats

New World & Four Square have partnered with Uber Eats to unlock the first grocery offering available on the platform in Aotearoa. For New World and Four Square it’s yet another way to put New Zealanders first, particularly with those inevitable last-minute grocery needs... More>>

Digitl: Download 2.0 – Vodafone Wi-Fi Calling hits early milestone
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Energy Resources Aotearoa: New Law On Decommissioning Could Be Costly Overkill
A new law on decommissioning oil and gas fields passed by Parliament today has good intentions but is overkill, according to Energy Resources Aotearoa. "We strongly support operators taking responsibility and paying the costs for decommissioning, which is what all good operators do," says chief executive John Carnegie... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>

PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>

NZ Skeptics Society: Announce Their 2021 Awards, And Dr Simon Thornley Wins The Bent Spoon

Every year the New Zealand Skeptics presents its awards to people and organisations who have impressed us or dismayed us, and this year it’s been hard to pick our winners because there have been so many choices!.. More>>

REINZ: Sales Volumes Leveling Out

Data released today by the Real Estate Institute of New Zealand (REINZ) shows there were 44 fewer lifestyle property sales (-2.6%) for the three months ended October 2021 than for the three months ended September 2021... More>>