Tencent to invest more in video operation

Business | 12 Jun 2019 8:37 pm

Tencent (0700) has a positive view of the prospects of its video business and will step up investment, said Ren Yuxin, the chief operating officer.

Ren said the online video industry is facing a slower growth rate, continuous losses, rising costs and changes in supply and demand, but he also pointed out that the opportunities include the combination of long and short videos, the users' increasing willingness to pay, and broader international market.

He added that Tencent video subscribers reached 89 million.

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