中国深圳腾讯公司tencent分析报告-培训课件外文版2024.6微信支付宝

COMPANIES

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PRODUCTSTencentCHAPTER

01BenchmarkThe100largestcompaniesintheworldbymarketcapitalizationin2023(inbillionU.S.dollars)Biggestcompaniesintheworldbymarketvalue2023MarketcapitalizationinbillionU.S.dollars0

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1,0001,5002,0002,5003,000Apple(U.S.)2,746.21Microsoft(U.S.)SaudiArabianOilCompany(SaudiAramco,SaudiArabia)Alphabet(U.S.)2,309.842,055.221,340.53Amazon(U.S.)1,084.06NVIDIA(U.S.)MetaPlatforms(U.S.)708.4599.82539Tesla(U.S.)LVMHMoet,Hennessey,LouisVuitton(France)Visa(U.S.)482.45477.38460.19439.39423.17UnitedHealthGroup(U.S.)ExxonMobil(U.S.)TaiwanSemiconductor(Taiwan)3Description:Withamarketcapitalizationof2.75trillionU.S.dollarsasofMay2023,Applewastheworld’slargestcompanythatyear.Roundingoutthetopfiveweresomeoftheworld’smostrecognizablebrands:Microsoft,SaudiArabianOilCompany(SaudiAramco),Google’sparentcompanyAlphabet,andAmazon.SaudiAramcoledtherankingoftheworld'smostprofitablecompaniesin2022,withapre-taxincomeofmorethan300billionU.S.dollars.ReadmoreNote(s):Worldwide;May5,2023Source(s):ForbesMarketcapitalizationofthelargestinternetcompaniesworldwideasofAugust2023(inbillionU.S.dollars)Marketvalueofthelargestinternetcompaniesworldwide2023MarketcapitalizationinbillionU.S.dollars02004006008001,0001,2001,4001,6001,800Alphabet1,656Amazon1,373MetaPlatforms746.88Tencent399.06AlibabaNetflixServiceNow234.91185.26115.93BookingHoldings(B)113.37109.55107.2999.22MeituanPinduoduoUberAirbnbEquinix80.4972.834Description:AsofAugust2023,Alphabetwasthebiggestinternetcompanyworldwidewithamarketcapofover1.6trillionU.S.dollarsSecond-rankedAmazonhadamarketcapitalizationof1,373billionU.S.dollars.ReadmoreNote(s):Worldwide;August2023Source(s):CompaniesMarketCLeadingonlinecompaniesrankedbyrevenuefrom2017to2023(inbillionU.S.dollars)Internetcompaniesrankedbyrevenue2017-20232017177.87229.23110.8640.6511.6913.098.012018232.89265.6136.8255.8455.8415.458.652019280.52260.17161.8670.72020386.06274.52182.5385.97252021469.82365.82257.64117.9326.72022513.98394.33282.83116.6131.6227.529.82023574.78383.29307.39134.9AApple*AlphabetMeta(formerlyFacebookInc.)NetflixPayPaleBay20.1617.777.4333.7221.458.8925.3729.7710.4210.11AlibabaBaidu22.9913.0321.956.1514.8845.5671.9915.4354.08109.4816.4173.88134.5719.54126.4917.9379.6Tencent87.855/statistics/277123/internet-companies-revenueIn2022,globalonlineplatformGooglegenerated279.8billionU.S.dollarsinrevenues.OnlineretailcompanyAmazonwasrankedfirstwithover513.98billionU.S.dollarsinannualrevenues,upfrom469.8billionU.S.dollarsinthepreviousyear.

ReadmoreNote(s):Worldwide;2017to2023;*Apple'sfiscalyearendsinSeptemberofeachyear.Alibaba'sfiscalyearendsMarch31.ReadmoreSource(s):Alibaba;Alphabet;Amazon;Apple;Baidu;eBay;MetaPlatforms;Netflix;PayPal;TencentLeadingAsianbrandsworldwide2023,bybrandvalue(inbillionU.S.dollars)MostvaluableAsianbrands2023BrandvalueinmillionU.S.dollars60

8002040100120140141.02160TencentAlibaba91.987.66MoutaiTikTok44.3541.96TataConsultancyServicesSamsung32.3Meituan32.0331.1630.8530.49HDFCBankHuaweiHaier6Description:AcrossAsia,multinationalconglomerateTencentwasrankedasthemostvaluablebrandwithabrandvalueofapproximately141billionU.S.dollars.Thus,itsurpasseditscompetitorAlibabainthatyear.ꢀThedigitaleconomyinChinaAlibabaGroupHoldingLimitedspecializesine-commerce,retail,internetandtechnology.Itsbusinessesincludecorecommerce,cloudcomputing,digitalmediaandentertainmentaswellasinnovationinitiatives.TheChinesee-commercegiantwasthe[...]

ReadmoreNote(s):Asia;2023Source(s):CampaignAsia;KantarLargestChinesepubliccompaniesascompiledbytheForbesGlobal2000rankingof2023,bymarketvalue(inbillionU.S.dollars)LargestChinesepubliccompaniesasof2023,bymarketvalueMarketvalueinbillionU.S.dollars050100150200250300350400450TencentHoldingsKweichowMoutai415.4318.1Alibaba216.6ICBC203ChinaConstructionBankContemporaryAmperexTechnologyAgriculturalBankofChinaPinganInsuranceGroupChinaMerchantsBankPetroChina173144141.8138.6129.8122.97Description:WiththegrowthoftheChineseeconomy,anincreasingnumberofChinesecompaniesareappearingontheForbesGlobal2000list.TencentHoldings,ranking1stonthelist,wastheChinesecompanywiththelargestmarketvalue.Itsmarketvalueamountedtoaround4145.4billionU.S.dollarsin2023.ReadmoreNote(s):China;2023Source(s):ForbesCHAPTER

02CompanyAnnualrevenueofTencentHoldingsfrom2013to2023(inbillionyuan)Tencent'sannualrevenue2013-2023700609.026005004003002001000560.12554.55482.06377.29312.69237.76151.942016102.86201578.93201460.44201320172018201920202021202220239Description:TheChineseinternetservicesgiantTencent,oneoftheleadinginternetcompaniesintheworld,reportedatotalannualrevenueofaround609billionyuanin2023,increasingfromabout555billionyuaninthepreviousyear.

ReadmoreNote(s):China;2013to2023Source(s):TencentRevenueofTencentfrom4thquarter2018to4thquarter2023(inbillionyuan)QuarterlyrevenueofTencentQ42018-Q42023165155145135125155.2154.6149.99149.21144.95144.19142.37140.09138.26135.3135.47133.67134.03125.45114.88115108.07105.7710597.24Q395857588.82Q285.47Q184.9Q4Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q42018

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202310Description:TheChinesetechgiantTencentcontinuestogeneratemorerevenue.Inthefourthquarterof2023,theinternetconglomeratereportedahighincreaseinrevenueoverthesamequarterof2022,approachingthe155billionyuanmark.

ReadmoreNote(s):China;Q42018toQ42023Source(s):TencentAnnualrevenueofTencentfrom2014to2023,bysegment(inbillionyuan)AnnualrevenueofTencent2014-2023,bysegmentValue-addedservicesFinTechandbusinessservicesOnlineadvertisingOther7006005004003002001000201420152016201720182019202020212022202311/statistics/292800/revenue-of-tencent-by-segmentThisstatisticshowstherevenuedistributionofTencentbetweenthefiscalyears2014and2023,bysegment.In2023,Tencentgeneratedrevenuesofapproximately298billionyuanfromtheinternetvalue-addedservicessegmentsuchasonlinegames.ReadmoreNote(s):China;2014to2023Source(s):TencentGrossprofitofTencentfrom2013to2023(inbillionyuan)GrossprofitofTencent2013-2023350300293.11245.94238.7525020015010050221.53167.53142.12116.9384.561.23201548.06201432.66201302016201720182019202020212022202312/statistics/223691/gross-profit-of-tencent-holdingsThisstatisticshowstheannualgrossprofitofTencentbetweenthefiscalyears2013and2023.Inthefiscalyear2023,TencentHoldingsLimitedgeneratedagrossprofitofaround293billionyuan,upfromabout239billionyuaninthepreviousyear.

ReadmoreNote(s):China;2013to2023Source(s):TencentNumberofTencentHoldingsemployeesfrom2013to2023NumberofTencentemployees2013-2023120,000112,771108,436105,417100,00080,00060,00040,00020,000085,85862,88554,30944,79638,775201630,641201527,492201327,6902014201720182019202020212022202313Description:AsofDecember2023,theChineseinternetcompanyTencentHoldings,headquarteredinShenzhen,hadaround105,400employees,mostofwhomwerebasedintheSpecialEconomicZoneofShenzhen.Thetechgianthasexpandeditsbusinesstoonlinegaming,digitalmusic,andlivestreamingmarkets.ReadmoreNote(s):Worldwide;2013to2023Source(s):TencentCHAPTER

03SocialnetworksMostpopularsocialnetworksworldwideasofApril2024,rankedbynumberofmonthlyactiveusers(inmillions)Globalsocialnetworksrankedbynumberofusers2024NumberofactiveusersinmillionsFacebookYouTube3,0652,504InstagramWhatsApp¹2,0002,000TikTokWeChat1,5821,343FacebookMessengerTelegramSnapchat1,010900800755700DouyinKuaishouX/Twitter611598WeiboQQ554498Pinterest15Description:MarketleaderFacebookwasthefirstsocialnetworktosurpassonebillionregisteredaccountsandcurrentlysitsatmorethanthreebillionmonthlyactiveusers.MetaPlatformsownsfourofthebiggestsocialmediaplatforms,allwithmorethanonebillionmonthlyactiveuserseach:Facebook(coreplatform),WhatsApp,FacebookMessenger,andInstagram.Inthethirdquarterof2023,FacebookreportedaroundfourbillionmonthlyꢀcoreFamilyproductusers.

ReadmoreNote(s):Worldwide;April2024;socialnetworksandmessenger/chatapp/voipincluded;figuresforTikTokdoesnotincludeDouyinSource(s):DataReportal;Meltwater;WeAreSocialMostpopularglobalmobilemessengerappsasofApril2024,basedonnumberofmonthlyactiveusers(inmillions)Mostpopularglobalmobilemessagingapps2024Monthlyactiveusersinmillions05001,0001,5002,0002,0002,500WhatsApp*Weixin/WeChatFacebookMessenger**Telegram1,3431,010900Snapchat800QQ55416Description:AsofApril2024,twobillionuserswereaccessingtheWhatsAppmessengeronamonthlybasis.Theapp’sreachinusagepenetrationisparticularlystronginmarketsoutsidetheUnitedStates,anditisoneofthemostpopularmobilesocialappsworldwide.WeChatamassedover1.3billionusers,andFacebookMessengeramassedaround1,010millionusersworldwide.ꢀInstantmessagingisatypeofonlinechatwhichoffersreal-timetexttransmissionviainternet.Sincetheappearanceof[...]

ReadmoreNote(s):Worldwide;April2024;*Havenotpublishedupdatedusersnumbersinthepast12months.

**SomeFacebookMessengeradplatformsareunavailableinAustralia,France,Canada,andtheUnitedStates,sothefigureshownheremay[...]

ReadmoreSource(s):DataReportal;Meltwater;Varioussources(Companydata);WeAreSocialNumberofWeChatusersworldwidefrom2019to2028(inmillions)WeChatusersworldwide2019-20281,4001,2001,0008006004002000201920202021202220232024202520262027202817Description:TheglobalnumberofWeChatusersinwasforecasttodecreasebetween2024and2028byintotal26.4millionusers.Thisoveralldecreasedoesnothappencontinuously,notablynotin2026and2027.TheWeChatuserbaseisestimatedtoamountto1.2billionusersin2028.Notably,thenumberofWeChatusersofwascontinuouslyincreasingoverthepastyears.ReadmoreNote(s):Worldwide;2019to2028;allvaluesareestimatesSource(s):LeadingmarketsofTencent'sWeChatin2ndhalfof2023,basedonappdownloads(inmillions)AppdownloadsofTencent'sWeChatH22023,bycountryorregionDownloadsinmillions1005152025ChinaUnitedStatesIndonesiaPhilippinesVietnam21.711.220.950.860.690.690.570.510.460.45MalaysiaTaiwanThailandSouthKoreaHongKong18Description:China'smostpopularsocialnetworkplatformWeChathasbeenexpandingitsuserbaseoutsideofitshome.Inthesecondhalfof2023,UnitedStateswasthemostimportantnewoverseasusersourceforWeChatwith1.22millionappdownloads.SoutheastAsiancountrieslikeIndonesiaandVietnamdemonstratedstrongWeChatusergrowthaswell.TheChineseequivalentofWhatsAppoffersawiderangeoffunctionsoutsideofmessaging,includingmobilepaymentande-commerce.

ReadmoreNote(s):Worldwide;H22023;AppleAppStoreandGooglePlay;AppleAppStoreincludesiPhoneandiPaddevicesSource(s):AppMagicNumberofTencentQQusersworldwidefrom2019to2028(inmillions)TencentQQusersworldwide2019-2028900836.92829.68804.77772.948007006005004003002001000734.78692.3646.72598.77548.88542.31201920202021202220232024202520262027202819Description:TheglobalnumberofTencentQQusersinwasforecasttocontinuouslydecreasebetween2024and2028byintotal150millionusers.Aftertheninthconsecutivedecreasingyear,theTencentQQuserbaseisestimatedtoreach542.31millionusersandthereforeanewminimumin2028.ReadmoreNote(s):Worldwide;2019to2028;allvaluesareestimatesSource(s):LeadingmarketsofTencent'sQQin2023,basedonappdownloads(inmillions)AppdownloadsofTencent'sQQ2023,bycountryorregionDownloadsinmillions200510152530354045ChinaUnitedStatesVietnam38.10.70.220.210.19TaiwanHongKongSouthKorea

0.09Malaysia

0.08Thailand

0.08Indonesia

0.07RussianFederation

0.0420Description:China'ssecond-largestmessengerQQhasbeenexpandingitsuserbaseoutsideofitshome.In2023,UnitedStateswasthemostimportantoverseasusersourceforQQwith695,000appdownloads.SoutheastAsiancountrieslikeVietnamandMalaysiademonstratedstrongQQusageaswell.ReadmoreNote(s):Worldwide;2023;AppleAppStoreandGooglePlay;AppleAppStoreincludesiPhoneandiPaddevicesSource(s):AppMagicCHAPTER

04GamingEstimatedannualgamingrevenueofleadinggamingcompaniesworldwidein1stquarter2023(inmillionU.S.dollars)Gamerevenuesofglobalcompanies2023GamerevenuesinmillionU.S.dollars01,0002,0003,0004,0005,0006,0007,0008,0007,556TencentSony4,380Apple3,683Microsoft3,152NetEase2,7172,4322,261GoogleActivisionBlizzardElectronicArts(EA)Nintendo1,8741,2951,266Take-TwoInteractive22Description:Inthefirstquarterof2023,Tencentwaswasthehighest-grossinggamingcompanyworldwide.TheShenzhen-headquarteredonlinecompanygeneratedapproximately7.56billionU.S.dollarsingamingrevenuesduringthemeasuredperiod.JapanesecompetitorSonywasrankedsecondwith4.38billionU.S.dollarsinquarterlygamingrevenues.SonyisoneofthebiggestgamingpublishersworldwideandalsoownsthePlayStationgamingplatform.ReadmoreNote(s):Worldwide;Q12023;allvaluesareestimatesSource(s):NewzooLargestvideogameindustryacquisitionsworldwideasofFebruary2023,bydealvalue(inbillionU.S.dollars)Biggestall-timevideogameindustryacquisitions2023ValueinbillionU.S.dollars01020304050607080ActivisionBlizzardacquiredbyMicrosoft(Jan2022)ZyngaacquiredbyTake-TwoInteractive(Jan2022)SupercellacquiredbyTencent(Jun2016)68.712.78.6ZeniMaxacquiredbyMicrosoft(Sep2020)7.55.93.62.5KacquiredbyActivisionBlizzard(Nov2015)BungieacquiredbySonyInteractiveEntertainment(Jan2022)MojangStudiosacquiredbyMicrosoft(Sep2014)GluMobileacquiredbyElectronicArts(Feb2021)OculusacquiredbyFacebook(Mar2014)2.1223Description:Mergersandacquisitionsinthegamingindustryareoftenworthbillionsandcreatelotsofbuzz.InJanuary2022,thetwobiggestgamingacquisitionseverhappenedwithinbarelyaweekofeachother-onJanuary10,Take-TwoInteractiveannounceditspurchaseofsocialgamingcompanyZynga,signalingastrongerfocusonmobilegaming.January18,2022,sawthesurprisenoticeofMicrosoftacquiringActivisionBlizzardfor68.7billionU.S.dollars.ReadmoreNote(s):Worldwide;February2023;excludinggamblingandcasinoSource(s):GamesRadar+Tencent'sinvestmentsandownershipstakeininternationalgamingcompaniesasofAugust2020(inmillionU.S.dollars)Tencent'sinvestmentsinoverseasgamingcompanies2020Investment

in

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stakeRiotGames¹40010010084.3080Sharkmob-Supercell8600GrindingGearGames(PathofExile)-EpicGames33040Fatshark--------36Funcom29Sea(ownerofpublisherGarena)Kakao2013.5011.509Bluehole(PlayerUnknown'sBattlegrounds)FrontierDevelopmentsUbisoft5ActivisionBlizzard524Description:Tencentistheworld'slargestgamepublihser.OneofthemostprominentinvestmentsthattheChinesetechgiantmadeintooverseascompanieswasin2011,whenTencentpurchaseda93percentownershipstakeinRiotGamesfor400millionU.S.dollars.Tencentaquiredtheremainingsevenpercentofownershipafewyearslater.ReadmoreNote(s):Worldwide;June2016Source(s):PCGamerAnnualonlinegamesrevenuegeneratedbyTencentHoldingsfrom2013to2023(inbillionyuan)Tencent'sannualonlinegamesrevenue2013-2023200180160140120100179.86174.31170.72156.1114.710497.888070.84201656.59604020044.76201431.9720132015201720182019202020212022202325Description:Overthepastdecade,theChinesetechnologygroupTencentHoldingshasinvestedheavilyindevelopingitsgamingbusiness.In2023,itsonlinegamesgrossed179.86billionyuan–aslightincreasecomparedto2022.Thismadeup26percentoftheChinesetechgiant’sannualrevenue.ReadmoreNote(s):Worldwide,China;2013to2023Source(s):TencentAnnualgamingrevenueofTencentin2023,bysegment(inbillionyuan)AnnualgamingrevenueofTencent2023,bysegmentMobilegames*PCclientgamesTotalonlinegames2502001501005046.9179.92023160.52022026Description:Tencentreportedatotalrevenueof180billionyuanfromonlinegamesin2023.TheChineseentertainmenttycoononlydiscloseddetailedfiguresinthepreviousyear,revealingthesignificanceofmobilegamesinthefirm'srevenue.ThecompanyhighlighteditslatestshootertitleValorant,whichhasbeenwell-receivedinbothdomesticandoverseasmarkets,asamainrevenuegrowthcontributor.ReadmoreNote(s):China;2023;*TherevenuefrommobilegamesincludedtheamountattributabletoTencent'ssocialnetworksbusiness.Oneyuanequalsapproximately0.14U.S.dollarsand0.13euros(asofApril2024).

ReadmoreSource(s):TencentHighestgrossingmobilegamesworldwidein2023(inmillionU.S.dollars)MobilegameswithhighestIAPrevenueworldwide2023PlayerspendinginmillionU.S.dollars02004006008001,0001,2001,4001,6001,800HonorofKings1,580.33PUBGMOBILE1,166.87CandyCrushSaga983.8956.69888.49850.76GenshinImpactRobloxRoyalMatchCoinMasterHonkai:StarRailMONOPOLYGO!748.69668.75643.57612.31567.62491.49450.32389.87382.57GardenscapesPokémonGOMonsterStrike(モンスターストライク)HomescapesRomanceoftheThreeKingdomsZhenzhan(三國志

真戦)Fate/GrandOrder27Description:Theworldofvideogamingisverydiverse,rangingfrommobilegamingtoPCgamingandconsolegaming.Overthepastyears,therehasbeenanincreaseindownloadsandmobilegameusageamongkidsaswellasadultswhichhas,inturn,ledtoanincreaseinmobilegamingrevenue.Oneofthemostpopularmobilegamesof2023wasPUBGMobile,whichgrossedmorethan1.1billionU.S.dollarsworldwide.Thehighest-grossingmobilegameof2023wasChineseMOBAtitleHonorofKings.

ReadmoreNote(s):Worldwide;2023;AppStoreandGooglePlay;IAPrevenuereducedbyplatformfeesandinclusivetaxes;AppleAppStoreincludesiPhoneandiPaddevicesSource(s):AppMagicAll-timehighestearningmobilegamingappspublishedbyTencentasofApril10,2024,byrevenue(inmillionU.S.dollars)Tencenttopgrossingmobilegamesofalltime2024RevenueinmillionU.S.dollars02,0004,0006,0008,00010,00012,00010,752.61HonorofKingsPUBGMobile7,888.02CrossFire:Legends1,214.38995.61950.72818.3SpeedDriftersNarutoLeagueofLegends:WildRiftBattleoftheSpatulaTheLegendofSwordmanDemi-GodsandSemi-DevilsMobileHappyPoker676.06644.31605.93576.428Description:HonorofKingshasbeenTencent'srevenuedriver.AsofApril10,2024,thegamingapphasrakedinmorethan10.7billionU.S.dollarsinrevenueacrosstheAppleAppStoreandGooglePlayworldwide.However,themultiplayergamewasnotTencent'smost-downloadedmobilegamingtitleoftheyearof2023-thattitlewenttoPUBGMobile.ReadmoreNote(s):Worldwide;asofApril10,2024;GooglePlayandAppleAppStorecombined;IAPrevenuesreducedbyplatformfeesandtaxesSource(s):AppMagicCHAPTER

05InnovationMostvaluabletechnologybrandsworldwidein2023(inbillionU.S.dollars)Mostvaluabletechnologybrandsworldwide2023BrandvalueinbillionU.S.dollars01002003004005006007008009001,000AppleGoogle880.46577.68MicrosoftAmazon501.86468.74Tencent141.02FacebookOracle93.0291.9989AT&TVerizon88.9887.66IBMAccentureNvidiaTelekom/T-Mobile73.6472.6965.130Description:Oftheleading20technologycompaniesin2023accordingtotheirbrandvalue,Applewasrankedasthemostvaluabletechnologycompanyworldwidewithabrandvalueofaround880billionU.S.dollars.Googlerankedsecondwithabrandvalueof578billionU.S.dollars,whileMicrosoftrankedthirdin2023withabrandvalueof502billionU.S.dollars.ReadmoreNote(s):Worldwide;2023Source(s):BrandZ;Kantar;S&PCapitalIQLeadingtechnologycompaniesforfuturereadinessworldwidein2023Globaltechnologyfirmsrankedbyfuturereadinessin2023Overallfuturereadinessscore020406080100120MicrosoftNVIDIAMetaAlphabetApple10098.296.494.580.9SalesforceAdobe69.967.866.8AMDCisco63.961.2AmazonTencentNetflix58.558.4IntuitInc57.231Description:TheU.S.techgiantMicrosofttoppeda2023listofglobaltechfirmsrankedbyfuturereadiness.Therankingassessedarangeofkeyindicators,includingcompanyfinances,investorexpectationsofgrowth,andbusinessdiversity.MicrosoftwasfollowedbyCalifornia-basedNVIDIA,whichhasseenameteoricriseamidthesurgingdemandforartificialintelligence(AI)chips.ReadmoreNote(s):Worldwide;2023Source(s):IMDRankingofthecompanieswiththehighestspendingonresearchanddevelopmentworldwidein2022(inbillionU.S.dollars)Companieswiththehighestspendingonresearchanddevelopment2022Expenditure(inbillionU.S.dollars)01020304050607080AmazonMeta73.2135.34Alphabet28.8Apple26.25HuaweiMicrosoft23.222.7Samsung18.1717.7TencentHoldingsIntelCorp.VolkswagenAlibaba17.5317.117RocheJohnson&Johnson15.1514.632Description:Amazonspentthemostonresearchanddevelopmentinthefiscalyear2022,withover73billionU.S.dollars.Meta,Alphabet,Apple,andHuaweiroundedoutthetopfiveofcompanieswiththehighestR&Dspendingthatyear.

ReadmoreNote(s):Worldwide;2022Source(s):InsiderMonkey;MacrotrendsAnnualR&DexpensesofTencentfrom2016to2023(inbillionyuan)R&DspendingofTencent2016-20237064.0861.46051.885038.9740302010030.3922.94201817.46201711.8520162019202020212022202333Description:Inthefiscalyear2023,TencentHoldingsLimitedspentabout64billionyuanonresearchanddevelopment,upfromabout61