Investor Presentaiton
FinTech and Business Services
In billion RMB
+0.8%
YOY
-1.3%
QoQ
42.8
42.2
42.2
41.9
2Q21
2Q22
1Q22
2Q22
FinTech Services
• YoY revenue growth was slower than previous quarters as COVID-19
resurgence temporarily impacted commercial payment activities
• Commercial payment volume slowed to low single-digit growth in April
and resumed to high-teens growth in June
Business Services
• Revenue declined slightly YoY mainly due to reduction in loss-making
activities, in particular projects with high proportion of subcontracts.
Internally developed products revenue grew sequentially. Hence, gross
margin recovered QoQ on an improved revenue mix and reduced cost
base
• TDSQL database: 1) contributed over 5% of our Cloud revenue, growing
over 30% YoY; 2) increased on-premise deployments in key financial
institutions; 3) upgraded cloud-native solution TDSQL-C to deliver a 2x
performance at lower cost compared to traditional cloud databases
• Tencent Meeting launched a marketplace for plug-ins to enrich meeting
experiences in different use cases, such as digital contracting, note-
taking and customer management
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