Tencent acquires Thai Sanook Online, changes name to Tencent (Thailand)

Date: 22 Dec 2016

Source: The Nation

Portal to become wide-ranging platform for all kinds of content in 2017

CHINESE holding company Tencent yesterday officially changed the name of its wholly owned subsidiary Sanook Online to Tencent (Thailand), and announced that it would make the Thai unit serve all kinds of digital content across platforms next year.

Tencent (Thailand)’s flagship products are Sanook.com, which has 30 million active monthly users, and JOOX, the largest music-streaming platform in Thailand, which has 22 million users.

Managing director Krittee Manoleehagul said Tencent (Thailand) would focus on three businesses. The news portal will be led by Sanook Online and iPick, entertainment and multimedia by JOOX and Tencent Games, and services by Top Space, an advertising agency. 

Ads by AdAsia

In the new year, the company will launch new services on each platform and synergise its services across platforms.

“The company’s vision and mission for 2017 are to create content and service platforms that correspond to the lifestyle of every online consumer,” Krittee said.

He said that currently, most of the company’s revenue came from branded content and advertising. JOOX generates revenue from paid services. Meanwhile, Top Space and WeChat are flagship products that help monetise the company’s platforms. 

In 2017, each platform will get a new product or service. For example, the firm has soft-launched NoozUp on the news-portal platform. It will launch VStation to offer live interactive content with artists via JOOX. It will focus more on WeChat in enhance the ability of Thai businesses to penetrate the Chinese market.

Krittee said that after Tencent began investing in Sanook five years ago, it had been adding services to the portal. 

“This year, we successfully launched JOOX as an online music-steaming platform. It is the right time to show that we are Tencent in Thailand by offering various services to people daily across all platforms. 

“Today, we are changing the company’s name from Sanook Online to Tencent (Thailand), changing the company’s logo, and changing its colour from red to blue,” he said.

In 2017, the company will provide platforms for user-generated content, expand its existing platforms’ features, launch new platforms, and partner with Thai start-ups. 

“For example, we have partnered with SkillLane for learning services and Ookbee for comic content. We also have a local partner in Laos to provide Muan.la, which was launched in November and has been successful, with 2 million page views per day. In the future, we will have more partners as well as investing in content-related start-ups,” Krittee said.

He said Tencent (Thailand) believed that the trend was a mix between professionally generated content and user-generated content. Tencent started at Sanook.com with developing its own content and moved into partnered content. The next step is to offer user-generated content platforms as well as social-media-featured products. 

Sresuda Winitsuvan, head of content at Tencent (Thailand), said Sanook.com had around 36 million monthly users currently, of which around 70 per cent come via mobile devices and 40 per cent through social media. 

Krittee said the changes being implemented by the company reflected its commitment to developing new products and services and to expanding its business partnerships in various dimensions so that it can offer a great variety of quality content to users, engaging them as co-creators. 

“Our first priority is serving people in Thailand. Tencent (Thailand) aims to become the leading creator, developer and provider of quality content and services that comprehensively respond to all Thai consumers’ needs. At the same time, we also strive to help develop and promote smaller companies and start-ups to complement our platforms.”

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.