Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Thematic (Sector/Industry)

Key Developments in China Tech:<ul>
<li>
HUYA/ESL: Chinese live-streaming platform <a href="https://www.smartkarma.com/entities/huya-inc" target="_blank" data-smartkarma-citation="entities:26983:1" rel="noopener">HUYA Inc (HUYA US)</a> cancels plans to acquire stake in ESL, the world's largest esports company. </li>
<li>
TENCENT MUSIC: <a href="https://www.smartkarma.com/entities/tencent-music-entertainment" target="_blank" data-smartkarma-citation="entities:27255:1" rel="noopener">Tencent Music (TME US)</a> has potentially signed the largest-ever copyright partnership in the short video industry with Chinese video-sharing app, Kuaishou.</li>
<li>
TENCENT: Gamers stuck indoors due to Wuhan Virus outbreak overloads <a href="https://www.smartkarma.com/entities/tencent-holdings-ltd" target="_blank" data-smartkarma-citation="entities:26:1" rel="noopener">Tencent Holdings (700 HK)</a> PUBG Mobile clone increasing traffic 2-3x.</li>
<li>
FAKE MEAT: The plant-based meat trend is growing in China with companies such as <a href="https://www.smartkarma.com/entities/jinzi-ham-co-ltd-a" target="_blank" data-smartkarma-citation="entities:14568:1" rel="noopener">Jinzi Ham Co Ltd A (002515 CH)</a>, Starfield, Whole Perfect Food all offering plant-based meats.</li>
</ul>

Key Developments in China Tech:

HUYA/ESL: Chinese live-streaming platform HUYA Inc (HUYA US) cancels plans to acquire stake in ESL, the world's largest esports company. 

TENCENT MUSIC: Tencent Music (TME US) has potentially signed the largest-ever copyright partnership in the short video industry with Chinese video-sharing app, Kuaishou.

TENCENT: Gamers stuck indoors due to Wuhan Virus outbreak overloads Tencent Holdings (700 HK) PUBG Mobile clone increasing traffic 2-3x.

FAKE MEAT: The plant-based meat trend is growing in China with companies such as Jinzi Ham Co Ltd A (002515 CH), Starfield, Whole Perfect Food all offering plant-based meats.


Tech Pulse: Virus Drives Traffic to Tencent Games, 'Impossible Meat' Trend Growing in China

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

Equity Bottom-Up

2018 has been another excellent year for the nascent eSports market, with growth of around 35~40% from 2017. With some big end-of-year tournaments yet to come, the 2018 prize pool looks to be up 28~30% at US$148~150mil, while sponsorship has grown even more quickly. With two months left in 2018, it seems highly likely that Dota 2 will continue to be the largest eSport by prize money, but the rise in Fortnite from nowhere at the start of the year to 2nd place suggests that Dota 2 is likely to be dethroned in 2019. Fortnite, though, is primarily a US phenomenon and elsewhere games like PUBG and ShadowVerse may have more of an impact as eSports, reflecting regional tastes. Overall, though, those companies investing in eSports - be it in facilities, tournaments, teams and leagues - should get rewarded.

2018 has been another excellent year for the nascent eSports market, with growth of around 35~40% from 2017. With some big end-of-year tournaments yet to come, the 2018 prize pool looks to be up 28~30% at US$148~150mil, while sponsorship has grown even more quickly. With two months left in 2018, it seems highly likely that Dota 2 will continue to be the largest eSport by prize money, but the rise in Fortnite from nowhere at the start of the year to 2nd place suggests that Dota 2 is likely to be dethroned in 2019. Fortnite, though, is primarily a US phenomenon and elsewhere games like PUBG and ShadowVerse may have more of an impact as eSports, reflecting regional tastes. Overall, though, those companies investing in eSports - be it in facilities, tournaments, teams and leagues - should get rewarded.

ESports - 2018 Provides a Great Platform for 2019

Sweden

Modern Times Group MTG AB is a strategic and operational investment holding company in esports and gaming entertainment. Founded in Sweden, the shares are listed on Nasdaq Stockholm ('MTGA' and 'MTGB').

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Modern Times Group MTG (MTGB SS)

Tech Pulse: Virus Drives Traffic to Tencent Games, 'Impossible Meat' Trend Growing in China

Key Developments in China Tech: HUYA/ESL: Chinese live-streaming platform HUYA Inc (HUYA US) cancels plans to acquire stake in ESL, the world's...

Vincent Fernando, CFA

ESports - 2018 Provides a Great Platform for 2019

2018 has been another excellent year for the nascent eSports market, with growth of around 35~40% from 2017. With some big end-of-year tournaments...

Pelham Smithers Associates

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52-week Range

Market Cap (USDm)

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