TenCent Reaches New Heights in Virtual Goods Sales
China’s TenCent social network recently announced it’s Q4 earnings for 2008. Total revenues came in at over $1 billion, marking an 87% increase from 2007. According to the company, $719 million came from virtual goods on the web, $204 million from mobile virtual goods, and $120 million from ad revenue.
Though China has always been a huge market for virtual goods, TenCent’s virtual good totals alone show a 95.5% increase in only one year, and a 75% increase in the mobile department.
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