Sony Acquires a 4.98% Stake in Bilibili to Capture China’s Gen Z Through Mobile Games and Anime
Sony Corp (6758 JP) announced on Thursday (09th April) that it has entered into a definitive agreement to acquire a 4.98% stake in China’s...
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Alibaba (BABA): Fresh Food Booming and Freshippo Leading After Virus Outbreak
The active user base of online fresh food industry increased 58% YoY in the month after the Chinese New Year vacation in 2020 over the month in...
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China Internet Weekly (6Apr2020): JD Founder Resigned, LK Cooked Book, BIDU & PDD's Odd Financing
JD.com (JD)’s founder resigned. Luckin Coffee (LK) cooked its books. Tencent (700 HK) WeChat Pay’s new function: consumer loan. Tencent (700 HK)...
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TME: Paying User Conversions and Reasonable Valuation Make This an Opportune COVID Play
Tencent Music Entertainment (TME) reported its 4Q2019 and full-year 2019 results yesterday after market. The revenue grew 34% YoY during the year...
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Tencent Music (TME) Q4: Strong in Both Business Lines, But Overvalued as Monopolist
Both Social Entertainment and Music grew strongly in 4Q2019. We believe total revenues will grow by 30% in 2020, as people are kept home by the...
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