Chinese Social Network Earns Alot More Than Facebook — Only 13% from Advertising

It has been reported that Chinese social network QQ made $523 million in revenues last year, which actually is almost four times more than Facebook. Facebook only turned over a revenue of $150 million, and while they reported a $50 million loss in 2007, QQ reported a profit of $224 million.

However, the most surprising stat is that QQ earned only 13 percent from online ad revenue. The majority of their revenues come from virtual goods, games and even mobile services made them 21 percent of the total. Facebook, wake up, this is the way forward. Services will always make more money than advertising.

Tags: Advertising chinese qq social network