IT House May 9 news, this morning, Tianfeng International analyst Guo Mingji said through Twitter that he believes that Twitter’s future business may share some similarities with Tencent’s social networking, advertising, fintech and business services.
IT House learned that Ming-Chi Kuo pointed out that in 2021, Tencent’s revenue from social networks (including subscriptions), advertising and financial technology and business services will be $17.6 billion, $13.3 billion, and $25.8 billion, respectively.So Elon Musk’s formula for Twitter Financial target of $26.4 billion in revenue by 2028 appears achievable.
According to reports, Twitter may not provide various personal multimedia subscription services like Tencent, but his experience can help Twitter provide subscription services related to financial services (Tencent’s fintech and business services). “In China, almost everyone can’t do without Tencent’s WeChat Pay, and Twitter Pay has the potential to do something similar.”
Related Reading:
“Musk: Increase Twitter’s annual revenue to $26.4 billion by 2028, and the proportion of advertising revenue will be greatly reduced”
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