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Video on demand
Tencent Video (Chinese: 腾讯视频; pinyin: Téngxùn Shìpín, also called WeTV outside of China) is a Chinese video streaming website owned by Tencent. The website was launched in April 2011, and is one of China's largest online video platforms. As of October 2022, Tencent Video has 120 million paid subscribers, making it the 4th largest streaming service in the world, after Netflix, Amazon Prime Video, and Disney+. Tencent Video also operates an international version, WeTV, which was launched in 2018.
In April 2011, Tencent Video officially launched with an independent domain. Tencent Video supports online Video-on-Demand, television broadcasts, and in July 2017 began featuring video content on China's biggest television maker, TCL.
In October 2017, Tencent Video's revenue was CNY 65.2 billion (US$9.87 billion). In September 2017, Tencent Video was one of eight Chinese apps in the top 30 mobile apps with the largest revenue in the App Store and Google Play Stores. In October 2017, Tencent Video ranked along the top 15 apps with the largest global consolidated monthly income with Tencent Video ranked top in revenue of iOS entertainment applications in China in October 2017.
Tencent's relationship with the Chinese government has stirred controversy, as content produced or distributed by the platform is subject to censorship with high levels of surveillance.
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