Tencent announced 1q19 results on May 15. As you can see, I'm getting around to publishing my notes on Tencent's earnings quite late here. In the future, I will post my thoughts sooner. Key Takeaways: New business segment "FinTech and Business Services"Cloud services are the "business services"Sales channel for business services will revolve around "showcases"Content … Continue reading Tencent 1Q19 Earnings
iQiyi 1Q19 Earnings Notes
Key takeaways: Almost at 100M subscribers (grew 58% yoy in 1Q)iQiyi's advert business slowing (cyclical or secular?)Some content releases are delayed (impacts advert business)There were some disclosure changes in IQ's 20-F (Grrr!) Content Delays English: Over the Sea I Come to See You A show, called 带着爸爸去留学, had its broadcast date delayed. There was some speculation … Continue reading iQiyi 1Q19 Earnings Notes
Assets: Atoms versus Electrons
In this post I focus on the assets of a business, stuff that is owned by the business and is fundamental to the business model. Human capital is fundamental as well, but I will leave that for another day. Note: the impetus of this post was a conversation with Elliott and Michael on China Tech … Continue reading Assets: Atoms versus Electrons
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