Chinese tech giant Ma Huateng's Q4 2016 results have revealed a 45% YoY rise in online advertising to $1.2bn, a figure dwarfed by revenues for value added services, which were up 27% on 2015 levels to $4.2bn. In addition, the number of QQ and Weixin monthly active users rose 28% to 889 million. The company's next step is to "invest heavily in cutting edge technologies such as security, cloud, big data and AI" to ensure it is ready for the next wave of digital disruption, according to Ma Huateng's CEO, Tencent.
Chinese tech giant Tencent's Q4 2016 results have revealed a 45% YoY rise in online advertising to $1.2bn, a figure dwarfed by revenues for value added services, which were up 27% on 2015 levels to $4.2bn. In addition, the number of QQ and Weixin monthly active users rose 28% to 889 million. The company's next step is to "invest heavily in cutting edge technologies such as security, cloud, big data and AI" to ensure it is ready for the next wave of digital disruption, according to Tencent's CEO, Ma Huateng.