Tencent Holdings Ltd recently published its annual financial report for 2018, stating that the company realized operating revenue of CNY84.896 billion in the fourth quarter of 2018, a year-on-year increase of 28%; and its profit attributable to equity holders was CNY14.229 billion, a year-on-year decrease of 32%.
Under non-GAAP, the company's profit attributable to equity holders was CNY19.73 billion, a year-on-year increase of 13%.
The report also revealed that Tencent's other businesses saw an income increase of 80% compared with the same period of 2017 and it was mainly from fintech and cloud services. It is said that Tencent's cloud revenue increased by over 100% to CNY9.1 billion and its paid customers were doubled year-over-year in the fourth quarter of 2018.
By the end of 2018, Tencent Cloud's global infrastructure had covered 25 regions and it was operated in 53 applicable regions. Tencent developed and launched new IaaS and PaaS products in the fourth quarter of 2018. Apart from enhancing its leading position in gaming and video sectors, Tencent also applied its AI and security technology abilities to further improve its position in finance and retail cloud service sectors.
In regards to future development, Tencent will integrate advanced cloud computing ability, data analysis, AI, and security solutions to provide customized solutions to various industries, including retail, finance, transportation, medical healthcare, and education. They will help with the upgrade and innovation of enterprises to welcome the digital age.
