Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Company - Domestic
 Search News  Or
Tencent to restructure into 6 business units

May. 21, 2012 (China Knowledge) - Tencent Holdings Ltd<0700>, a leading provider of Internet, mobile and telecom value-added services in China, is planning to restructure its business into six units.

In a statement, the Hong Kong-listed firm said the six units comprise of a corporate development group, an interactive entertainment group, a mobile internet group, an online media group, a social network group and a technology and engineering group.

A wholly-owned subsidiary, named Tencent E-Commerce Holding Co, is expected to be set up to manage Tencent's e-commerce business.

In the first quarter of this year, Tencent's revenue from e-commerce sector reached RMB 752.8 million, and the amount was between RMB 25 billion and RMB 30 billion in 2011, much less than nearly RMB 1 trillion Taobao.com, Asia's biggest online shopping portal, realized last year, said analysts, adding that Tencent's users, however, is several times than that of Taobao.com.

Tencent expects its revenue from e-commerce business to reach RMB 200 billion per year by the end of 2015, sources reported.  







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved