On March 24, Tencent holdings released its fourth quarter financial report and annual performance report for 2020. In the fourth quarter of 2020, Tencent achieved a revenue of 133.669 billion yuan, a year-on-year increase of 26%, and the market forecast is 133.07 billion yuan. The net profit was 33.207 billion yuan, a year-on-year increase of 30%; the annual revenue was 482.064 billion yuan, a year-on-year increase of 28%, and the market expectation was 480.401 billion yuan.

According to the financial report, Tencent's revenue last year was 482.064 billion yuan, a year-on-year increase of 28%; the profit attributable to equity holders of the company was 159.847 billion yuan, a year-on-year increase of 71%. According to the performance, Tencent made 336 million yuan a day.

At Tencent's 2020 performance conference, Ma Huateng, chairman of Tencent holdings, responded to media inquiries about the latest anti-monopoly situation.

Ma Huateng said that he would actively cooperate with the regulatory authorities to achieve compliance as far as possible to ensure long-term development.

Liu Chiping, President and executive director, said that he had met with relevant departments on anti-monopoly for many times, and had regular meetings with the government on this aspect. He talked about a number of issues in the meeting, expecting to create a healthy environment for more innovation to take place in China. Tencent has always attached great importance to compliance and requirements.

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