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...
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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.
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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...
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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...
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Ximalaya Pre-IPO - Peer Comparison
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 MAUs...
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