Online games account for lion's share of Tencent's revenue
In recent years, Tencent has invested in and purchased gaming companies both in China and overseas. These investments are also expected to strengthen its portfolio in mobile games in the future and to leverage its reach among China’s smartphone users. That would push its own services and provide more competition for Alibaba.
Tencent also operates three large social and messaging platforms, all with hundreds of millions of users. WeChat and Qzone for example, rank fifth and ninth respectively when it comes to the number of global active users.
This chart shows the revenue distribution of Tencent from 2014 to 2017, by segment (in billion RMB).