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...
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Nexon Sale: Bidding Delay Clarifications
This post is a summary and clarification of what have been reported, said and market speculated (mainly locally) today with regard to Nexon bidding...
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Nexon M&A: Another Delay & The Endgame?
It was reported on May 14th that Nexon has officially delayed the bidding process for the controlling interest in the company which was originally...
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Tencent Music 1Q19 Results Quick Take and the Looming US$4.85bn Lock-Up Overhang
Tencent Music Entertainment (TME US) reported its 1Q19 results post US market closing. The reason I have been tracking the 1Q19 and the 4Q18...
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HK Connect Ideas: Tencent Inflows and Geely Outflows (2019-05-10)
In our weekly HK Connect Ideas series, we aim to help our investors understand the flow of southbound trades via the Hong Kong Connect, as analyzed...
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