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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Tencent Music (TME) Earnings Preview: No Exclusive Advantage, Overvalued
Online music is no longer a monopolistic market. Short video is taking time on site from live broadcasting. Financials will be healthy in 2020,...
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ByteDance Launches Music Streaming App in an Overcrowded Indian Music Streaming Market
Following in the huge success of its Tik Tok App, ByteDance has launched a stand-alone full music streaming app in India called Resso. The app is...
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