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Tencent: Online Video Business Profitable in 1-2 Years

China Daily, 10/24/12

Alex Liu, GM of Tencent's (0700.HK) online video department, revealed in an interview with China Daily today that the company expects its video site (v.qq.com) to be profitable within one to two years. Liu estimated that revenue from the company's video department would grow 450% YoY in 2012, as compared to the 300% YoY growth seen in 2011. The company has not disclosed the specific amount of revenue it took in from its online video service in 2011.

The company currently has no plans to acquire any other online video sites.

Keywords: Alex Liu Internet online video Tencent 0700.HK

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