Tencent tops in net profits among four largest portals in Q3

15:37, November 19, 2010      

Email | Print | Subscribe | Comments | Forum 

  China's four largest online portals have released their third-quarter financial report this week, and recently-controversy-entangled Tencent topped in net profits.

  By currency exchange rates calculation on September 30, Tencent's net profit hit $324 million. NetEase and Sohu revived a $87.5 million and $54 million respectively, and Sina made $31.3 million during the period.

  In advertisement income, Sina topped, and online gaming was of Tencent's dominance.

  Subsequent to the reports, research organizations released also theirs, in which they target advertisement and gaming the two major income multipliers for online portals.

  In comparison with last year's, Sina's advertisement revenue in the third quarter grew 27 percent; NetEase's 88.37 percent; Sohu's 22 percent and Tencent's 3.8 percent.

  In the online gaming business, according to the reports, NetEase grew 67.74 percent year-on-year, Sohu rose 25 percent and Tencent up 30.3 percent.

  A report from CLSA Asia-Pacific Markets said that although the online game market will become more fiercely competitive in the future, and competitors will come up with more innovative games in order to survive in such market, next year's total incomes are expected to exceed this year's. It also predicted that Tencent will maintain its grip on the field.

Source: Global Times


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Chinese Navy soldiers hold an evening party marking the upcoming 62nd National Day aboard Chinese Navy hospital ship "Peace Ark" in the Pacific on Sept. 28, 2011. The Chinese National Day falls on Oct. 1. (Xinhua/Zha Chunming)
  • Photo taken on Sept. 30, 2011 shows the crowd at the plaza of Beijing Railway Station in Beijing, capital of China. The railway transportation witnessed a travel peak with the approach of the seven-day National Day holidays on Friday. (Xinhua)
  • A man wearing high-heel shoes takes part in the 3rd annual Walk a Mile in Her Shoes, an event when men literally walk in women's shoes to raise awareness about ending violence against women, at Yonge-Dundas Square in Toronto, Canada, Sept. 29, 2011. (Xinhua/Zou Zheng)
  • Photo taken on Sept. 29, 2011 shows a cargo ship in danger on the sea near Zhuhai City, south China's Guangdong Province. Cargo ship Fangzhou 6 of Qingzhou of southwest China's Guangxi Zhuang Autonomous Region lost control after water stormed into its cabin due to Typhoon Nesat on the sea near Zhuhai Thursday, leaving 12 crew members in danger. Rescuers rushed to the ship and saved them by using a helicopter. (Xinhua)
  • Actress Gong Li poses for L'Officiel Magazine. (Xinhua Photo)
  • Demonstrators from the Occupy Wall Street campaign hold placards as they march in the financial district of New York September 29, 2011. After hundreds of protesters were denied access to some areas outside the New York Stock Exchange on September 17, demonstrators set up a rag-tag camp three blocks away. Zuccotti Park is a campground festooned with placards and anti-Wall Street slogans. The group is adding complaints of excessive police force against protesters and police treatment of ethnic minorities and Muslims to its grievances list, which includes bank bailouts, foreclosures and high unemployment. (Xinhua/Reuters Photo)
Hot Forum Discussion