Tencent to Officially Launch QQ Open Platform in July

Oriental Morning Post, 5/31/11

Tencent (0700.HK) CTO Jeff Xiong said today that the Shenzhen-based internet company would officially launch its Q+ open platform in July, and would have several dozen partner companies at launch.

Xiong said that Tencent would evaluate prospective third-party partners' capabilities, including carrying out stress tests and security tests, before allowing them to connect to Q+. Several hundred companies have contacted Tencent to express interest in the platform. When asked about the company's profit model for Q+, Xiong said that Tencent would gradually explore possible models.

According to incomplete figures from Tencent, there are more than 1,000 third-party applications available through the company's various open platforms. The greatest amount of revenues any partner has realized in a single month reportedly surpassed RMB 10 mln.

Editor's Note: For more information on this topic, please see "Tencent Launches QQ Open Platform" MD 5/16/11 issue.

Keywords: business model Internet Tencent QQ 0700.HK open platform revenue Jeff Xiong

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