Why is tencent video player not showing video
The WeChat eco-system is so broad it is almost like rolling most of the apps on a typical western user’s mobile phone into one. The business started in cramped Shenzhen offices in the late 1990s, swiftly developing a bad reputation for cloning digital products for the Chinese market, but it was the launch of WeChat in 2011 that supercharged the company’s strategy. Chinese users collectively spend 1.7bn hours a day on the company’s apps. Tencent swiftly introduced one-hour time limits for under-12s and two hours for 12- to 18-year-olds.Īnalysts estimate that Tencent digital services are used by more than two-thirds of the Chinese population. The risk of a government crackdown on one (or more) of Tencent’s golden geese – the company relies on gaming for more than 40% of total revenues – spurred jittery investors to wipe almost $18bn off its stock market value. It has proved so addictive in games-mad China that the government warned Tencent in an article in the state-owned People’s Daily last year saying it was “poison” and a “drug” that harms kids. Tencent also owns the most profitable game in the world, Honour of Kings, which makes about $1bn a quarter and has 200 million monthly players. It also owns the Los Angeles game-maker Riot, behind the huge League of Legends franchise, and has stakes in Gears of War maker Epic and Activision Blizzard, home to Call of Duty, World of Warcraft and Candy Crush Saga. Gamers play ‘World of Warcraft’ in Cologne, Germany.
Tencent also cranked up its domination of mobile gaming, handing over $8.6bn for the Finnish company Supercell, maker of two of the biggest games in the world, Clash of Clans and Clash Royale. Tencent Music, which dwarfs efforts by Apple and Spotify in China, is expected to make a $10bn stock market listing this year. Thwarted but undeterred, late last year Ma took a 12% holding in Snapchat (he had made a small investment in 2013) in a busy year that also included buying 5% of Elon Musk’s electric car firm Tesla and swapping minority stakes in its music streaming business with Spotify. A panicked Mark Zuckerberg got wind of the move and swooped, tabling an enormous $19bn rival bid – by far Facebook’s biggest deal and more than twice the offer made by Tencent – to see off the threat. The company was close to a deal when talks had to be delayed so that Ma could undergo back surgery. In 2014, Tencent had been on the brink of buying What’sApp, which would have made it a global power player overnight. Late last year, Tencent became the first Chinese firm to pass the $500bn stock market valuation mark, supplanting Facebook as the world’s fifth biggest firm, a bittersweet moment for company co-founder Ma Huateng, 46, also known as “Pony” Ma.
#WHY IS TENCENT VIDEO PLAYER NOT SHOWING VIDEO FREE#
But looking ahead, JP Morgan expects China's online video industry to break even by 2019 as the big three platforms convert more free viewers into paid subscribers.WeChat app icon. Crawling toward profitabilityĪ key thing to remember is that none of these platforms are profitable. However, Youku hasn't updated that figure since then, so it's unclear if it's still keeping up with Tencent Video and iQiyi. The company notably added seven million subscribers during a single campaign - jointly run with Alibaba's payment arm Alipay - during the Chinese Spring Festival holiday. 2016, it revealed that it had reached 30 million paid subscribers.
Nonetheless, Youku still attracts paying subscribers. As a result, viewers and advertisers often gravitated toward those larger platforms.
As a smaller platform, it also attracted fewer distribution partnerships than Tencent Video and iQiyi. Unlike Tencent and Baidu's video platforms, which were extended from their core ecosystems, Youku Tudou wasn't heavily connected to Alibaba's core e-commerce platforms. Youku Tudou grew rapidly under Alibaba, but remains in third place with 325 million MAUs as of last August according to QuestMobile and Jefferies. Streaming video sites Youku and Tudou merged in 2012 to become Youku Tudou, which was then acquired by Alibaba in late 2015.