China's tech giant Tencent announced Wednesday that its profit attributable to shareholders increased by 19 percent year on year to 93.3 billion yuan (about 13.3 billion U.S. dollars) last year.
In 2019, its total operating revenue rose by 21 percent from a year earlier to 377.3 billion yuan, the company said in its annual financial report.
Online advertising revenue stood at 68.4 billion yuan, up 19 percent year on year. Revenue from online games increased by 10 percent from the previous year to 114.7 billion yuan while that from fintech and enterprise services grew 23 percent year on year to 101.4 billion yuan during the period.
Revenue from Tencent's cloud services was over 17 billion yuan last year as the company consistently outgrew the market, with the number of paying customers exceeding 1 million, the company said.
Tencent's social media platform Wechat had over 1.17 billion active monthly users, up 6.1 percent year on year. The number of daily transactions generated within mini programs on WeChat more than doubled year-on-year with a transaction value exceeding 800 billion yuan in 2019.
Pony Ma, chairman and CEO of Tencent, said the company's communication and social platforms became increasingly vibrant as the WeChat ecosystem better connected users with services.
"Amid the COVID-19 situation, we have worked relentlessly to help individuals and serve society, organizing charitable and voluntary activities, enhancing and making widely available useful technology tools," Ma added.
On Wednesday, its Hong Kong-listed stocks were lower by 4.52 percent.