R&D spending of Tencent 2016-2023

Published by
Lai Lin Thomala,
Apr 9, 2024
In the fiscal year 2023, Tencent Holdings Limited spent about 64 billion yuan on research and development, up from about 61.4 billion yuan in the previous year. Approximately 52.4 billion yuan was employee benefits expenses.

Annual R&D expenses of Tencent from 2016 to 2023 (in billion yuan)

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Release date

March 2024

Region

China

Survey time period

2016 to 2023

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of April 2024).

Values have been rounded for a better understanding.

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