Tencent achieved a 37% year-on-year revenue increase in Q2 2014 to RMB 19.7 billion, with profit for the first half of the year rising to RMB 12.29 billion from RMB 7.72 billion in 2013.
02
The company pivoted its business model by divesting its eCommerce operations to JD.com, which caused a 40% decline in eCommerce revenue but allowed for a strategic shift in capital allocation.
03
Value of interests in associates surged from RMB 10.87 billion to RMB 41.67 billion by June 30, 2014, reflecting significant investments in companies such as JD.com, 58.com, and CJ Games.
04
Online advertising revenue experienced a 75% surge during the second quarter, contributing to the overall growth of Value Added Services.
05
Tencent increased R&D spending to RMB 3.39 billion while maintaining a gearing ratio of 53% and establishing a $5 billion medium-term note program to support ongoing corporate objectives.
06
In May 2014, the company executed a five-for-one share subdivision, resulting in a total of over 9.3 billion issued ordinary shares.
Insights
01
Tencent achieved a 37% year-on-year revenue increase in Q2 2014 to RMB 19.7 billion, with profit for the first half of the year rising to RMB 12.29 billion from RMB 7.72 billion in 2013.
02
The company pivoted its business model by divesting its eCommerce operations to JD.com, which caused a 40% decline in eCommerce revenue but allowed for a strategic shift in capital allocation.
03
Value of interests in associates surged from RMB 10.87 billion to RMB 41.67 billion by June 30, 2014, reflecting significant investments in companies such as JD.com, 58.com, and CJ Games.
04
Online advertising revenue experienced a 75% surge during the second quarter, contributing to the overall growth of Value Added Services.
05
Tencent increased R&D spending to RMB 3.39 billion while maintaining a gearing ratio of 53% and establishing a $5 billion medium-term note program to support ongoing corporate objectives.
06
In May 2014, the company executed a five-for-one share subdivision, resulting in a total of over 9.3 billion issued ordinary shares.