Tencent Holdings Ltd (0700)

[opmi]

Most people would have no chance to invest in Alibaba Group (except TIH).

Tencent was listed way back. How can someone spot its potential back then?

Just a thot only...

[specuvestor]

I was at the tencent IPO launch. We were very skeptical why Nasper wanted to reduce stake which the IB said was the main reason for the IPO

Point is even Nasper couldn't figure that a QQ messenger that was like a copycat of ICQ IM evolved into what it is today. You have to admire their consistent and remarkably low key execution. People heard of Jack Ma but not Pony Ma

But the main difference between Nasper and TIH is that TIH sold out. Nasper looks genius now by those who doesn't know the reason for the IPO, but that's the beauty of execution, just like for our own investment. Like I always say: Mr Market doesn't require us to make binary decisions

[cyclone]

Tencent Results Top Estimates After Scoring Breakout Hits

by Lulu Yilun Chen
May 17, 2017, 5:05 PM GMT+8 Updated on May 18, 2017, 9:53 AM GMT+8

Tencent Holdings Ltd.’s investments in blockbuster video and gaming content are paying off -- big-time.

China’s largest internet company posted record quarterly sales and profit that topped all analysts’ estimates as blockbuster titles including Honour of Kings drove a billion-plus users on WeChat and QQ to spend on game items. Chairman Pony Ma’s strategy of stockpiling rights to hit anime and novels and developing shows in-house is transforming the company into a hybrid Marvel Studios-Netflix style content factory.

Soaring growth at Tencent’s mobile gaming and advertisement units is buying the company time to develop new channels of revenue in finance and cloud, and bankrolling a foray into Hollywood. After backing “Kong: Skull Island,” the company is helping finance the upcoming summer tent-pole “Wonder Woman.” A market value of about $320 billion underscores how China’s online titans, including Alibaba Group Holding Ltd., are outstripping traditional state sectors and defying a slowdown in the world’s second-largest economy.

“It was a strong set of results,” said Li Yujie, an analyst at RHB Research Institute Sdn in Hong Kong. “Tencent’s mobile gaming business was the main contributor, especially Honour of Kings.”

More details in https://www.bloomberg.com/news/articles/...ive-growth

[YMPL]

WeChat is by-passing iOS and Android platform, in a way OTT companies are by-passing telco?

It might come a day, we don't need an OS, but a chat platform for all we do with a phone.

With new mini-apps, WeChat seeks even more China clicks
19 May 2017 08:01
[HONG KONG] In a cluster of refurbished Mao-era industrial buildings in Guangzhou, developers at China's top messaging app, WeChat, are redesigning key parts of its product to spread its tentacles to just about every aspect of Chinese life.

Around 1,500 developers, mainly twentysomething males, have been tasked with increasing user engagement through new 'mini-programs' on WeChat that look and operate much like apps on Apple Inc's iOS and Google's Android operating systems - but are far less data-intensive.
...
Source: REUTERS

[Wildreamz]

Chat platform is shaping up to be the next big thing in Social Media, some example: Snapchat, Whatsapp, WeChat, Line, Telegram, iMessage, Messenger etc.

Probably because these chat software is almost ubiquitous on any smartphone. Developers can incorporate extra features onto chat platforms relatively easily. The best example would of course be WeChat, which is integrated with Cab-hailing, digital Payment, social networking among others. Whatsapp (Facebook) is also testing digital payments on their platform.

However, full-fledged Apps are still relevant as they offer a much more complete experience. "Mini-programs" (WeChat) serves to attract more user to download the main app, rather than to completely substitute the standalone App experience:

Martin Lau Q4 2016 Earnings Call (https://seekingalpha.com/article/4057255...art=single):

Finally, I would like to share our thoughts about Mini Program, which has attracted quite a bit of attention when it was first launched in the beginning of the year. We view Mini Programs as an enhancement of our official account system designed connect offline service providers with users online. For service providers, Mini Programs allow them to present QR codes at their offline channels, which convert into an online interaction when users scan the QR codes. For users, Mini Programs enhance convenient and fast sampling of interactive experiences such as O2O services. Users who discover a service via Mini Programs may choose to go further and experience other functions in which case they would then download the service provider’s native application. As Mini Program is complementary to both Official Accounts and existing app ecosystem acting as an intermediary serving the process of user acquisition for app downloads.

One very good example of the usage of the Mini Program is with Mobike, which is a bike sharing in China. Mobike users can access its Mini Program when they scan QR codes that fit on their bikes. Once users initiate the Mini Program, they can use basic features such as registration, deposit paying and renting bikes. For those who want to have more comprehensive services, they can download the app and experience the full suite of mobile application capabilities. As a result, after Mobike launched its mini program, its saw a sharp increase in users for both its Mini Program and its native app.

We are excited about the user experience that can be created with mini programs and the benefits it brings to service providers and users. In line with Tencent’s philosophy, we will build our Mini Programs ecosystem at measured space to ensure the quality and variety of service offerings that will match our standards.

(Vested in Facebook and Tencent)

[YMPL]

"At US$335 billion, Tencent is the city’s largest company -- and the ninth-biggest in the world. It makes up about 16% of the total market value of the Hang Seng Index"

The big-3 Singapore banks, are collectively making up around 26% of STI, with 8-9% each. Tencent is a technology stock, thus HSI is more volatile with the Tencent's weight-age.

----
Hong Kong's stock fortunes are tied to Tencent like never before
http://www.theedgemarkets.com.sg/hong-ko...cent-never

[weijian]

No matter how "big" you are, you still need to answer to the biggest GodFather in town.

Tencent loses US$17.5 billion in market value after People’s Daily describes its game as ‘poison’

Tencent Holdings, the operator of China’s dominant social network and publisher of the world’s most popular role-playing mobile game, plunged in Hong Kong trading, after a commentary in the People’s Daily newspaper described its Honour of Kings game as “poison” and “drug” that’s harming teenagers.

http://www.scmp.com/business/china-busin...ples-daily

[weijian]

A hedge fund  manager's view on TENCENT. John Huber believes TENCENT is focused on providing value for its customers (via improving the user experience), creating a "wide moat" in the process. There is also alot of monetization ("long runway for growth") that it is able to do, if comparing itself to Facebook/Google via comparable operating metrics.

One of the World’s Widest Moats

http://basehitinvesting.com/one-of-the-w...est-moats/

[cyclone]

Social Media Giant Tencent Gets Into Old-School Finance

By Lulu Yilun Chen  and Cathy Chan
September 21, 2017, 9:27 AM GMT+8 Updated on September 21, 2017, 12:06 PM GMT+8

Tencent Holdings Ltd., China’s largest social media firm, is entering the traditional finance industry by investing in CICC International Capital Corp., a move that may help the investment bank’s expansion in wealth management.

Shares of CICC jumped by a record after it said Tencent is paying HK$2.9 billion ($372 million) for roughly 5 percent of China’s oldest investment bank. The companies will team up on marketing and data analysis, according to an exchange filing.

CICC, once dubbed the Goldman Sachs of China after it brought some of the country’s largest state-run firms to market, has been reducing its dependence on volatile investment banking fees and expanding its business catering to rich individuals. It completed a $2.5 billion purchase of China Investment Securities Co. this year, plunging into the retail investor market.

More details in https://www.bloomberg.com/news/articles/...ina-s-cicc

[cyclone]

Tencent Book Unit Begins New Chapter With Massive IPO

By Dong Tongjian
Oct 31, 2017 06:52 PM

Tencent Holdings Ltd.’s online literature unit, which seeks up to HK$8.3 billion ($1.06 billion) in an initial public offering (IPO) in Hong Kong, has had an enthusiastic reception from retail investors.

Based on an incomplete survey of eight brokerages in Hong Kong, the retail offering portion of China Literature Ltd.’s Hong Kong IPO is likely oversubscribed about 420 times.

As the book closed midday Tuesday, those brokerages said orders from retail investors reached HK$350 billion, some of which was from borrowed funds, or so called margin lending.

Retail investors are allocated only 15 million IPO shares, and China Literature shares are priced from HK$48 to HK$55. China Literature’s IPO aims to raise up to HK$8.3 billion by selling 150 million shares, 90% of which will be sold to institutional investors. Only 10% will be allocated to retail investors.

More details in https://www.caixinglobal.com/2017-10-31/101163783.html