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WeChat follows the success story of Facebook, to combine social app + game. Singapore is the first country to launch the new release, may be because the IPO will be here?
WeChat targets S’pore market with new release
SINGAPORE — China messaging app WeChat is aiming to win more users in Singapore by entering the social-mobile space with the latest release of version 5.1, which is where the WeChat Games platform was introduced.
“WeChat is not only a messaging app,” said WeChat developer Tencent’s Singapore Country Manager Louis Song this week. “The product is evolving and WeChat (has) developed from a messaging app to a social app to a social-mobile platform.”
...
http://www.todayonline.com/tech/wechat-t...ew-release
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The e-commerce competition in China is heated up.
IMO, the battle will eventually move abroad, and the first offshore market is likely the US, after the US listing. Amazon is vulnerable in near future...
Tencent’s tie-up with JD.com threatens Alibaba’s dominance in e-commerce
BEIJING — Tencent Holdings’ new partnership with China’s No 2 online retailer JD.com takes aim at dominant rival Alibaba’s Achilles heel — its weakness in mobile — in a move set to reshape the country’s e-commerce industry.
The deal gives JD.com a headline slot on Tencent’s WeChat app that dominates China’s smartphones, an entry into eBay-style consumer-to-consumer shopping and a backer with the muscle to help it make the most of a logistics infrastructure that Alibaba lacks.
It also burnishes the appeal of JD.com’s planned US$1.5 billion (S$1.9 billion) United States listing, while taking some shine off Alibaba’s own initial public offering, which is expected to be worth US$15 billion.
“JD was competing with Alibaba ... however, the scale was too small. But now with the WeChat platform, that’s a game changer,” said Mr Bryan Wang, Vice-President of Forrester Research.
Under the deal, Tencent will take 15 per cent of JD.com for US$215 million, with plans to take another 5 per cent after the IPO.
...
http://www.todayonline.com/tech/tencents...e-commerce
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11-03-2014, 09:45 AM
(This post was last modified: 11-03-2014, 09:46 AM by opmi.)
If China product safety is not improved, cannot win Amazon. Even though most stuff made in China anyway.
Perception shapes reality.
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(11-03-2014, 09:45 AM)opmi Wrote: If China product safety is not improved, cannot win Amazon. Even though most stuff made in China anyway.
Perception shapes reality.
I am not talking about products, but services.
Amazon and Alibaba are providing services, services that facilitating online deal, both for businesses and consumers.
I will discount the China product quality, especially those beyond control of Alibaba, but Alibaba's service is not included. 
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(11-03-2014, 10:25 AM)CityFarmer Wrote: (11-03-2014, 09:45 AM)opmi Wrote: If China product safety is not improved, cannot win Amazon. Even though most stuff made in China anyway.
Perception shapes reality.
I am not talking about products, but services.
Amazon and Alibaba are providing services, services that facilitating online deal, both for businesses and consumers.
I will discount the China product quality, especially those beyond control of Alibaba, but Alibaba's service is not included.
Services like Alipay, Alibaba.com B2B, Whatsapp types??
Alibaba/Tencent expansions offshore expansion will be slower than in China. Competition is fierce outside China. China also has perceived integrity issue.
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(11-03-2014, 10:30 AM)opmi Wrote: (11-03-2014, 10:25 AM)CityFarmer Wrote: (11-03-2014, 09:45 AM)opmi Wrote: If China product safety is not improved, cannot win Amazon. Even though most stuff made in China anyway.
Perception shapes reality.
I am not talking about products, but services.
Amazon and Alibaba are providing services, services that facilitating online deal, both for businesses and consumers.
I will discount the China product quality, especially those beyond control of Alibaba, but Alibaba's service is not included.
Services like Alipay, Alibaba.com B2B, Whatsapp types??
Alibaba/Tencent expansions offshore expansion will be slower than in China. Competition is fierce outside China. China also has perceived integrity issue.
I have a different view.
Both Alibaba and Amazon are doing the same type of business, but business models are slightly different.
In a nutshell, Amazon competes with competitors with lower margin, but Alibaba competes with almost zero margin, and derive profit from advertising. Alibaba's customers search within Alibaba's search engine, and work within its business ecosystem, thus make Alibaba able to charge premium fee from advertisers.
Having said so, I am not very sure the model will work within US system. But if it works, than Amazon might be in trouble. Alibaba has all the resource to scale-up as fast as demanded, if the model works.
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Amazon is miles ahead in terms of customer service hence customer loyalty.
I never try Taobao customer service but if it is same PRC standard,
cannot fight with Amazon.
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(11-03-2014, 06:46 PM)opmi Wrote: Amazon is miles ahead in terms of customer service hence customer loyalty.
I never try Taobao customer service but if it is same PRC standard,
cannot fight with Amazon.
May be you are right.
One rule of thumb for me in retail business, the cheaper in price is always the ultimate important.
I might be wrong.
(not vested both in amazon and Alibaba)
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At today's closing price of 618hkd, Tencent is now trading at 60x earnings!
Over the past 5 years(2008-2012), Tencent has managed to grow its revenue by a CAGR of 43.73% and NPAT at 35.52%.
[Image: Ch8uqtH.png]
Share price looks great over the years, especially in 2009 and 2013. I think a drop to PEG<1.2 or about 40x earnings can be a good opportunity to buy into the stock.
[Image: cxXGOCk.png]
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I will like to open a new thread on Tencent given the increasing interest in internet companies. On 11 Mar 2014, i posted the below info,
(11-03-2014, 09:22 PM)yawnyawn Wrote: At today's closing price of 618hkd, Tencent is now trading at 60x earnings!
Over the past 5 years(2008-2012), Tencent has managed to grow its revenue by a CAGR of 43.73% and NPAT at 35.52%.
[Image: Ch8uqtH.png]
Share price looks great over the years, especially in 2009 and 2013. I think a drop to PEG<1.2 or about 40x earnings can be a good opportunity to buy into the stock.
[Image: cxXGOCk.png]
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