NetEase (NTES): 1Q21, Game Slowing Down as Game Industry Has Changed
The main business, game, continued to slow down in 1Q20. We believe NTES is losing brand advantage, because the game industry has changed.
231 Views
TME: Strong 1Q Driven by Record Online Music User Adds; Shares Fall Amidst Regulatory Scrutiny
Tencent Music reported its 1Q2021 results which saw revenues growing 24.0% YoY to RMB7.8bn. TME’s operating profit for the quarter grew 11.8% YoY...
241 Views
Tencent Music (TME): 1Q21, New CEO Cares Financial Data, But Not Operating Data, Buy
The revenue growth rate accelerated in 1Q21. The new CEO wants to monetize the free user base and cut marketing expenses.
236 Views
Ximalaya Pre-IPO - Earnings Forecast and Valuation
Ximalaya (XIMA US), the largest online audio platform in China, is looking to raise around US$1bn in its US listing. As of 1Q21, it had 250m...
257 Views
Ximalaya (XIMA): Has Large Market Share, But Small Competitors Have Big Bosses.
XIMA has a dominant market share based on monthly active users and time on site. However, one small competitor is owned by Byte Dance and another...
255 Views