IQiyi (IQ): Margin Significantly Recovered After Dismissing a Floor of Employees
The operating margin significantly recovered in 1Q19 after IQ fired a floor of employees in its headquarters. IQ will continue its layoff in its...
1k Views
Nexon Sale: Market Talkings Update
We have five more days until the delayed bid that is supposed to take place on May 24. This is the upcoming Friday. No concrete news has been...
524 Views
Tencent: 1Q19 Bear Necessities
Tencent Holdings (700 HK) released its 1Q19 results after market close which beat or missed consensus depending on your chosen financial metric. We...
742 Views
Tencent (700 HK): Key Game Actually Approved, WeChat Pay Grew Strongly, 27% Upside
Players find that the approved new game, Game for Peace, is almost the same as the unapproved popular game PUBG. Therefore, we believe game...
623 Views
Tencent Music (TME): Paying User Growth Tumbled in Both Business Lines, 32% Downside
The paying user growth in Social Entertainment Services declined significantly to 13% YOY in 1Q19 versus 23% YOY in 4Q18 (Exhibit 3). The music...
809 Views