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Tencent Financial report to unveil Goldman's "invisible dark horse" business

time:2021-10-27

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Tencent's Q2 financial report will be released soon in 2019, which is different from the past. Investment banks generally pull away from the high attention to the game and start to actively explore emerging business sectors. Goldman Sachs also calls Tencent's financial technology and business services revenue directly, with an estimated annual growth rate of 51% to 24.8 billion yuan, continuing to maintain Tencent's "buy" rating.
For a long time, Tencent's financial technology business, which is hidden but not obvious, has always been hidden in the "other business". Until the financial report of 2019q1 issued by Tencent on May 15, the financial technology and enterprise service business were separated from the "other" category for the first time, and became one of the three main businesses in parallel with value-added business and online advertising business.
For many years, Tencent's financial sector has shown its low-key and cautious image. Even after Alibaba's yu'ebao was launched four years ago, it launched a new coin pass to compete with it. After four years of the launch of sesame credit, Tencent launched its wechat payment points.
Behind the tune style, maybe it is just following Tencent's self-restraint and self-defense style. Since this year, with the explosion of a large number of P2P mutual gold enterprises, financial supervision has become stricter, and Internet enterprises holding a large number of users have adjusted their business scope. In contrast, Tencent has always been cautious style, but avoid business impact.

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