DOCSLIB.ORG

Annual Report Worldreginfo - 1162A5d7-9F7c-4Bf5-874A-6Dafb7b6ceb2 CONTENTS

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report Worldreginfo - 1162A5d7-9F7c-4Bf5-874A-6Dafb7b6ceb2 CONTENTS 2018 Annual Report WorldReginfo - 1162a5d7-9f7c-4bf5-874a-6dafb7b6ceb2 CONTENTS 2 CORPORATE INFORMATION 3 FINANCIAL SUMMARY 4 CHAIRMAN’S STATEMENT 14 MANAGEMENT DISCUSSION AND ANALYSIS 31 DIRECTORS’ REPORT 76 CORPORATE GOVERNANCE REPORT 100 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 123 INDEPENDENT AUDITOR’S REPORT 132 CONSOLIDATED INCOME STATEMENT 133 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 134 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 137 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 140 CONSOLIDATED STATEMENT OF CASH FLOWS 143 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 265 DEFINITION WorldReginfo - 1162a5d7-9f7c-4bf5-874a-6dafb7b6ceb2 Corporate Information DIRECTORS NOMINATION COMMITTEE PRINCIPAL PLACE OF BUSINESS IN HONG KONG Executive Directors Ma Huateng (Chairman) Li Dong Sheng 29/F., Three Pacific Place Ma Huateng (Chairman) Iain Ferguson Bruce No. 1 Queen’s Road East Lau Chi Ping Martin Ian Charles Stone Wanchai Charles St Leger Searle Hong Kong Non-Executive Directors Jacobus Petrus (Koos) Bekker REMUNERATION COMMITTEE CAYMAN ISLANDS PRINCIPAL Charles St Leger Searle SHARE REGISTRAR AND Ian Charles Stone (Chairman) TRANSFER OFFICE Independent Non-Executive Directors Li Dong Sheng Jacobus Petrus (Koos) Bekker SMP Partners (Cayman) Limited Li Dong Sheng Royal Bank House – 3rd Floor Iain Ferguson Bruce AUDITOR 24 Shedden Road Ian Charles Stone P.O. Box 1586 Yang Siu Shun PricewaterhouseCoopers Grand Cayman, KY1-1110 Certified Public Accountants Cayman Islands AUDIT COMMITTEE PRINCIPAL BANKERS Yang Siu Shun (Chairman) HONG KONG BRANCH SHARE Iain Ferguson Bruce Bank of China Limited REGISTRAR AND TRANSFER Ian Charles Stone The Hongkong and Shanghai Banking OFFICE Charles St Leger Searle Corporation Limited Computershare Hong Kong Investor Services Limited CORPORATE GOVERNANCE REGISTERED OFFICE Shops 1712-1716, 17th Floor COMMITTEE Cricket Square Hopewell Centre Charles St Leger Searle (Chairman) Hutchins Drive, P.O. Box 2681 183 Queen’s Road East Iain Ferguson Bruce Grand Cayman KY1-1111 Wan Chai, Hong Kong Ian Charles Stone Cayman Islands Yang Siu Shun COMPANY WEBSITE TENCENT GROUP HEAD OFFICE www.tencent.com INVESTMENT COMMITTEE Tencent Binhai Towers Lau Chi Ping Martin (Chairman) No. 33 Haitian 2nd Road STOCK CODE Ma Huateng Nanshan District 700 Charles St Leger Searle Shenzhen, 518054 The PRC 2 Tencent Holdings Limited WorldReginfo - 1162a5d7-9f7c-4bf5-874a-6dafb7b6ceb2 Financial Summary CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Year ended 31 December 2014 2015 2016 2017 2018 RMB’Million RMB’Million RMB’Million RMB’Million RMB’Million Revenues 78,932 102,863 151,938 237,760 312,694 Gross profit 48,059 61,232 84,499 116,925 142,120 Profit before income tax 29,013 36,216 51,640 88,215 94,466 Profit for the year 23,888 29,108 41,447 72,471 79,984 Profit attributable to equity holders of the Company 23,810 28,806 41,095 71,510 78,719 Total comprehensive income for the year 21,975 44,723 48,617 79,061 67,760 Total comprehensive income attributable to equity holders of the Company 21,891 44,416 48,194 78,218 66,339 Non-GAAP profit attributable to equity holders of the Company* 24,737 32,410 45,420 65,126 77,469 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As at 31 December 2014 2015 2016 2017 2018 RMB’Million RMB’Million RMB’Million RMB’Million RMB’Million Assets Non-current assets 95,845 151,440 246,745 376,226 506,441 Current assets 75,321 155,378 149,154 178,446 217,080 Total assets 171,166 306,818 395,899 554,672 723,521 Equity and liabilities Equity attributable to equity holders of the Company 80,013 120,035 174,624 256,074 323,510 Non-controlling interests 2,111 2,065 11,623 21,019 32,697 Total equity 82,124 122,100 186,247 277,093 356,207 Non-current liabilities 39,007 60,312 108,455 125,839 164,879 Current liabilities 50,035 124,406 101,197 151,740 202,435 Total liabilities 89,042 184,718 209,652 277,579 367,314 Total equity and liabilities 171,166 306,818 395,899 554,672 723,521 * Comparative figures have been restated retrospectively to conform with the presentation adopted in 2015, whereas, among others, we have extended the definition of non-GAAP adjustments to cover that of our material associates. We adopted the new presentation in order to more clearly illustrate our non-GAAP financial measures, and to be more consistent with what we believe to be industry practice. Annual Report 2018 3 WorldReginfo - 1162a5d7-9f7c-4bf5-874a-6dafb7b6ceb2 Chairman’s Statement I am pleased to present our annual report for the year ended 31 December 2018 to the shareholders. RESULTS The Group’s audited profit attributable to equity holders of the Company for the year ended 31 December 2018 was RMB78,719 million, an increase of 10% compared with the results for the previous year. Basic and diluted EPS for the year ended 31 December 2018 were RMB8.336 and RMB8.228, respectively. The Group’s non-GAAP profit attributable to equity holders of the Company for the year ended 31 December 2018 was RMB77,469 million, an increase of 19% compared with the results for the previous year. Non-GAAP basic and diluted EPS for the year ended 31 December 2018 were RMB8.203 and RMB8.097, respectively. BUSINESS REVIEW AND OUTLOOK 1. Company Strategic Highlights 2018 marked the 20th anniversary of the founding of the Group. Throughout our history, we have constantly been embracing changes in users’ needs, technologies and market conditions to stay at the forefront of our industry. In October, we initiated a strategic organisational upgrade to extend our strengths in the Consumer Internet and to capture the opportunities of the Industrial Internet. This strategic upgrade is intended to enable us to drive the convergence of social, content and technology trends, and to better serve enterprises, as well as consumers. During the year, we stepped up our investment in innovation and technologies to stay competitive in the evolving Internet industry. We enriched our social platforms with a broader portfolio of digital content, as well as online and offline services, thus deepening our connection with our users, advertisers, merchants and enterprise partners. Through these initiatives, we strengthened our market leadership in social, games, digital content, and payment, contributing to continuing growth across our core business segments. 4 Tencent Holdings Limited WorldReginfo - 1162a5d7-9f7c-4bf5-874a-6dafb7b6ceb2 Chairman’s Statement We made the following key achievements in our core businesses: Our social communications platforms, Weixin and QQ, represent the largest social communities in China in terms of MAU. The combined MAU of Weixin and WeChat increased to approximately 1,098 million by the end of 2018. Weixin further penetrated lower tier cities and covered a wider age group of users. On average, over 750 million Weixin users read friends’ posts on Moments per day. Mini Programs are now widely adopted by users and enterprises setting the industry trends for connecting online users to offline scenarios. DAU grew rapidly and daily visits per user increased by 54% year-on-year. Mini Programs cover more than 200 service sectors and connect with our users via multiple channels, including shortcuts in the chat interface, our in-app search function and offline Mini Programs QR Codes. In addition to connecting with online users, Mini Programs enable developers to achieve cross-platform development and instantaneous deployment for their products and services. We empower developers with cloud-based development kits, enhancing the development efficiency, particularly for long- tail developers. Daily visits to long-tail Mini Programs increased significantly, accounting for 43% of the total daily visits to Mini Programs. Overall MAU of QQ increased to 807 million by the end of 2018. We stayed engaged with young users as QQ introduced innovative and AI-empowered features to make its chat experience more fun and interactive. We offer entertainment- oriented content in verticals including eSports, comics and live streaming services to cater to the entertainment needs of millennial users. In particular, we further increased the user engagement of QQ KanDian, a popular news feed service among young users, through enriching its content with video feeds. We have built up a content ecosystem covering online games, literature, video, music, news and comics. For online games, we are the leading platform globally by revenue and users. Our technical strength supports the operation of multiple PC and mobile blockbuster game titles, serving hundreds of millions of active users every day. Internationally, our subsidiary Riot Games operates the highest-MAU PC game, League of Legends, and we operate the highest-MAU smart phone game, PUBG MOBILE. Through our partnerships with and investments in global leaders such as Epic Games (creator of Fortnite) and Supercell (creator of Clash of Clans), we support the innovation and growth of the global game industry. In China, our popular smart phone games expanded our user base and increased time spent. We have taken the lead in introducing the Healthy Gameplay System to assist parents in managing the amount of time their children spend playing games. We upgraded the system last September by introducing measures to strengthen real- name verification, and implementing game time limits for children players, as well as spending alerts to their parents. Our Tencent Game Guardian Platform enables parents to engage with their children and track their in-game activities online. We recently provided teachers access to this platform to enhance their engagement with their students who play games. These initiatives built a pilot case for the China game industry and, we believe, help position it for sustainable and healthy growth in the long run. Annual Report 2018 5 WorldReginfo - 1162a5d7-9f7c-4bf5-874a-6dafb7b6ceb2 Chairman’s Statement Leveraging our rich IP portfolio, we provide digital content to our users across online media platforms.
Load more

Recommended publications
  • Read the Report
    23 Dec 2020 CMB International Securities | Equity Research | Company Initiation iQIYI (IQ US) BUY (Initiation) China’s online Disney in the making Target Price US$23.2 Up/Downside +34.8% Current Price US$17.2 We keep positive on IQIYI’s long-term subs trend and margin improvement , backed by its sizable users, unique original content and valuable IP. We forecast iQIYI to deliver 11% revenue CAGR during FY20-22E, with subs price hike and China Internet Sector ads recovery. Given fundraising partly priced in, we think iQIYI’s valuation is attractive. Initiate with BUY with DCF-based TP US$23.2. Sophie Huang An online video leader: Not only “Netflix”, but more. iQIYI is a leading (852) 3900 0889 online video platform in China, with 105mn subs. Backed by its sizable users, [email protected] vibrant original content and IP reserve, we forecast iQIYI to deliver 11% rev CAGR in FY20-22E, with subs price hike, ads recovery, and user expansion. Miriam Lu (852) 3761 8728 Original content makes the difference. With online video industry growth [email protected] tapering off, we believe content matters more to users than traffic or subsidies. iQIYI exceled itself with exclusive original content in both popular dramas and variety shows. Moreover, it bore initial fruits from short-episode dramas (e.g. Stock Data Mkt Cap (US$ mn) 13,499 the popularity of The Bad Kids <隐秘的角落>), and would further enrich Light Avg 3 mths t/o (US$ mn) 180.41 on Series (迷雾剧场) with stronger pipeline. We expect short-episode dramas 52w High/Low (US$) 28.03/ 14.51 series to stimulate its subs & brand ads momentum with higher ROI, such as Total Issued Shares (mn) 373 Who is Murderer<谁是凶手> in 2021 pipeline.
    [Show full text]
  • Universal Music Group and Tencent Music Entertainment Group Enter Into Strategic Agreement Significantly Expanding Chinese Music Market
    UNIVERSAL MUSIC GROUP AND TENCENT MUSIC ENTERTAINMENT GROUP ENTER INTO STRATEGIC AGREEMENT SIGNIFICANTLY EXPANDING CHINESE MUSIC MARKET – Provides Vast Multi-Platform Distribution and Marketing Opportunities Across China – Companies to Develop Abbey Road Studios China to Create World-Class Recording Studio and Accelerate Development of Local Talent SHENZHEN and SANTA MONICA, MAY 16, 2017 – Universal Music Group (UMG), the world leader in music-based entertainment, and Tencent Music Entertainment Group (TME), a leading digital music distribution platform in China, today announced the signing of a landmark licensing agreement that will significantly expand the Chinese music market. Under the terms of the multi-year agreement, TME will distribute music from UMG’s roster of record labels and global recording stars on its streaming platforms QQ Music, KuGou and Kuwo. TME will also be UMG’s master distribution and licensing partner to exclusively sub-license UMG’s content to third- party music service providers in China. Both parties will work together to find new ways to develop artists, to innovate business models and to reinforce a robust copyright protection environment. In addition, TME will support UMG artists to promote their music, leveraging Tencent online properties and other media channels. In China, TME is one of the largest music platforms, providing over 17 million songs to 600 million monthly active users. TME is a strong advocate of authorized music and has earned industry recognition for driving growth in the digital music industry, with more than 15 million paying subscribers. UMG represents one of the most comprehensive catalogues of recordings and songs across every music genre.
    [Show full text]
  • Global Music Report 2018 ANNUAL STATE of the INDUSTRY
    Global Music Report 2018 ANNUAL STATE OF THE INDUSTRY Global top 10 recording artists of 2017 Untitled-3 1 3/4/18 3:58 PM GLOBAL MUSIC REPORT 2018: STATE OF THE INDUSTRY Welcome · 3 Welcome As an artist, I am privileged to perform One of the crucial roles for record com- before audiences around the world and panies is to support and invest in artists see first-hand how essential music is for and to help them develop for their greatest people from every walk of life. creative and commercial success, so that But even as music’s essence is endur- their music can be enjoyed by fans around ing, much about music is changing. the world. The IFPI Global Music Report tells the It is therefore essential that all music cre- PLÁCIDO DOMINGO story of recorded music’s ongoing journey. ators are fairly compensated for their work. I CHAIRMAN, IFPI Today, artists are reaching music fans in have met with policymakers in Europe and ways I never could have imagined when I elsewhere to call on them to back legislation began my own career. Music is global and that would support this by addressing the increasingly digital. This transformation value gap, thereby ensuring a fair and bal- has been fundamental and rapid and offers anced digital marketplace for all. great opportunities. We are living in an incredibly exciting But we can never forget that music time for recorded music. We must persevere does not just happen. It requires the hard with our efforts to ensure its journey benefits work, commitment, investment and artist- the music creators and fans of today, and ry of so many people.
    [Show full text]
  • CHINA LITERATURE LIMITED 閱文集團 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 772)
    THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt about this circular or as to the action to be taken, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in China Literature Limited, you should at once hand this circular to the purchaser or transferee or to the bank, stockbroker or other agent through whom the sale was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular. This circular appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities. CHINA LITERATURE LIMITED 閱文集團 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 772) (1) MAJOR AND CONNECTED TRANSACTION (2) CONSIDERATION ISSUE UNDER SPECIFIC MANDATE (3) CONTINUING CONNECTED TRANSACTIONS AND NOTICE OF EXTRAORDINARY GENERAL MEETING Exclusive Financial Adviser to the Company Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders SOMERLEY CAPITAL LIMITED A notice convening the Extraordinary General Meeting of China Literature Limited to be held at Salon 1-4, Level 3, JW Marriott Hotel Hong Kong, Pacific Place, 88 Queensway, Hong Kong on Friday, October 19, 2018 at 9:30 a.m.
    [Show full text]
  • [TME] - Tencent Music Entertainment Group Second Quarter 2019 Financial Results Conference Call Monday, August 12, 2019, 8:00 PM ET
    [TME] - Tencent Music Entertainment Group Second Quarter 2019 Financial Results Conference Call Monday, August 12, 2019, 8:00 PM ET Officers Millicent Tu, VGM, IR Cussion Pang, CEO Tony Yip, CSO Shirley Hu, CFO Analysts John Egbert, Stifel, Nicolaus Alex Yao, JPMorgan Chase Eddie Leung, Bank of America Merrill Lynch Piyush Mubayi, Goldman Sachs Group Thomas Chong, Jefferies Hans Chung, KeyBanc Capital Markets Gary Yu, Morgan Stanley Presentation [Technical Difficulty] Operator: Ladies and gentlemen, good evening and good morning, and thank you for standing by. Welcome to the Tencent Music Entertainment Group's Second Quarter 2019 Earnings Conference Call. At this time, all participants are in listen-only mode. (Operator Instructions). Today you will hear discussions from the management team of Tencent Music Entertainment Group, followed by a question-and-answer session. (Operator Instructions). Please be advised that this conference is being recorded today. If you have any objections, you may disconnect at this time. Now, I will turn the conference over to your speaker host today, Ms. Millicent Tu. Please go ahead. Millicent Tu: Thank you, operator. Hello, everyone, and thank you all for joining us on today's call. Tencent Music Entertainment Group announced its financial results for the second quarter of 2019 today after the market close. An earnings release is now available on our IR website at ir.tencentmusic.com, as well as via newswire services. Today you will hear from Mr. Cussion Pang, our CEO, who will start off the call with an overview of our recent achievements and growth strategy. He will be followed by Mr.
    [Show full text]
  • Marketing Plan
    ALLIED ARTISTS MUSIC GROUP An Allied Artists Int'l Company MARKETING & PROMOTION MARKETING PLAN: ROCKY KRAMER "FIRESTORM" Global Release Germany & Rest of Europe Digital: 3/5/2019 / Street 3/5/2019 North America & Rest of World Digital: 3/19/2019 / Street 3/19/2019 MASTER PROJECT AND MARKETING STRATEGY 1. PROJECT GOAL(S): The main goal is to establish "Firestorm" as an international release and to likewise establish Rocky Kramer's reputation in the USA and throughout the World as a force to be reckoned with in multiple genres, e.g. Heavy Metal, Rock 'n' Roll, Progressive Rock & Neo-Classical Metal, in particular. Servicing and exposure to this product should be geared toward social media, all major radio stations, college radio, university campuses, American and International music cable networks, big box retailers, etc. A Germany based advance release strategy is being employed to establish the Rocky Kramer name and bona fides within the "metal" market, prior to full international release.1 2. OBJECTIVES: Allied Artists Music Group ("AAMG"), in association with Rocky Kramer, will collaborate in an innovative and versatile marketing campaign introducing Rocky and The Rocky Kramer Band (Rocky, Alejandro Mercado, Michael Dwyer & 1 Rocky will begin the European promotional campaign / tour on March 5, 2019 with public appearances, interviews & live performances in Germany, branching out to the rest of Europe, before returning to the U.S. to kick off the global release on March 19, 2019. ALLIED ARTISTS INTERNATIONAL, INC. ALLIED ARTISTS MUSIC GROUP 655 N. Central Ave 17th Floor Glendale California 91203 455 Park Ave 9th Floor New York New York 10022 L.A.
    [Show full text]
  • CHINA LITERATURE LIMITED 閱文集團 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 772)
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. CHINA LITERATURE LIMITED 閱文集團 (incorporated in the Cayman Islands with limited liability) (Stock Code: 772) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 AND ISSUE OF CONSIDERATION SHARES UNDER THE SPECIFIC MANDATE The board of directors of China Literature Limited hereby announces the audited consolidated results of the Group for the year ended December 31, 2020. The results have been audited by the Auditor in accordance with International Standards on Auditing. In addition, the results have also been reviewed by the Audit Committee. FINANCIAL PERFORMANCE HIGHLIGHTS Year Ended December 31, Year- 2020 2019 over-year RMB’000 RMB’000 (%) Revenues 8,525,701 8,347,767 2.1 Gross profit 4,234,076 3,692,023 14.7 Operating (loss)/profit (4,474,668) 1,193,907 (474.8) (Loss)/profit before income tax (4,538,720) 1,179,797 (484.7) (Loss)/profit for the year (4,500,197) 1,112,134 (504.6) (Loss)/profit attributable to equity holders of the Company (4,483,869) 1,095,953 (509.1) Non-IFRS profit attributable to equity holders of the Company 917,105 1,194,618 (23.2) 1 BUSINESS REVIEW AND OUTLOOK Overview 2020 was a challenging year for a variety of reasons.
    [Show full text]
  • A Method to Detect Malware Based on Behavior Using Formal Concept Analysis
    2016 International Conference on Mathematical, Computational and Statistical Sciences and Engineering (MCSSE 2016) ISBN: 978-1-60595-396-0 A Method to Detect Malware Based on Behavior Using Formal Concept Analysis Shao-ming CHEN*, Yi-yang WANG and Bin LIANG Guangdong branch of National Computer Network Emergency Response Technical Team/Coordination Center of China, No. 4 middle road, Tianhe District, Guangzhou, China *Corresponding author Keywords: Malware detection, App’s behavior, Permissions, FCA. Abstract. Malware threats have recently become a real concern. To solve this problem, we propose a new approach in this paper. The method analyzes the apps’ used history and constructs a Formal Concept Lattice based on the permissions which the app is used. The concepts of Formal concept Lattice are used to be compared with the permissions which a new application required before installed. So we can find an optimal concept and identify malwares and inform users about the risk of apps which are about to be installed. An experiment illustrates that our method can effectively identify malicious apps and to protect the user's information security. Introduction Android is one of the most popular platforms for phones today and majority of these devices are unprotected. It is not surprising that the majority malicious mobile attacks are designed for the Android mobile operating system [1]. Malware is a generic term that refers to any code added, changed, or removed from a software system to intentionally cause harm or subvert the system’s intended function. It compromises a system’s security, damages a system or obtains sensitive information without the user’s permission [2].
    [Show full text]
  • The Changing Face of China's Music Market Musicdish*China, May 2017 China’S Old Music Industry Changing Landscape
    THE CHANGING FACE OF CHINA'S MUSIC MARKET MUSICDISH*CHINA, MAY 2017 CHINA’S OLD MUSIC INDUSTRY CHANGING LANDSCAPE • 2013 estimated value of recorded music industry of US$82.6 million (5.6% increase), 21st largest (IFPI) • 2015 estimated value of recorded music industry of US$169.7 million (63.8% increase), 14th largest (IFPI) • 2016 value of recorded music industry grew 20.3% on 30.6% increase in streaming revenue, 12th largest (IFPI) • Digital music industry compound annual growth rate (2011-15): +28.5% (Nielsen) • Government policy: copyright law and enforcement • Market consolidation & music licensing • Shift to smartphone, lower mobile data cost, increased connectivity 40 Tencent: QQ + Kugou + Kuwo ~ 78% 30 Netease 9% 20 Xiami (Alibaba) 10 4% Other: Baidu, Apple Music,… 9% 0 QQ Kugou Kuwo Netease Xiami Other STEFANIE SUN & APPLE MUSIC • EP “RAINBOW BOT” EXCLUSIVELY ON APPLE MUSIC • EXCLUSIVE 3 MINUTE DOCUMENTARY • RANKED NUMBER 4 FOR “5 CAN’T-MISS APPLE MUSIC EXCLUSIVE ALBUM” STREAMING WARS: TENCENT VS. NETEASE • 10th most valued company, world’s largest video game company by revenue, WeChat has 889M active users • Tencent has 600M active monthly users and over 15M paying music subscribers • QQ Music has 200M active monthly users • Combined with Kuwo and Kugou (CMC acquisition), control 77% of music streaming market • NetEase Music Cloud recently joined ranks of unicorns • Netease has over 300M active monthly users MOBILE MUSIC LANDSCAPE • 2015 mobile music industry US$945 million • Estimated 2016 mobile music industry US$1.4 billion
    [Show full text]
  • Global Consumer Survey List of Brands June 2018
    Global Consumer Survey List of Brands June 2018 Brand Global Consumer Indicator Countries 11pingtai Purchase of online video games by brand / China stores (past 12 months) 1688.com Online purchase channels by store brand China (past 12 months) 1Hai Online car rental bookings by provider (past China 12 months) 1qianbao Usage of mobile payment methods by brand China (past 12 months) 1qianbao Usage of online payment methods by brand China (past 12 months) 2Checkout Usage of online payment methods by brand Austria, Canada, Germany, (past 12 months) Switzerland, United Kingdom, USA 7switch Purchase of eBooks by provider (past 12 France months) 99Bill Usage of mobile payment methods by brand China (past 12 months) 99Bill Usage of online payment methods by brand China (past 12 months) A&O Grocery shopping channels by store brand Italy A1 Smart Home Ownership of smart home devices by brand Austria Abanca Primary bank by provider Spain Abarth Primarily used car by brand all countries Ab-in-den-urlaub Online package holiday bookings by provider Austria, Germany, (past 12 months) Switzerland Academic Singles Usage of online dating by provider (past 12 Italy months) AccorHotels Online hotel bookings by provider (past 12 France months) Ace Rent-A-Car Online car rental bookings by provider (past United Kingdom, USA 12 months) Acura Primarily used car by brand all countries ADA Online car rental bookings by provider (past France 12 months) ADEG Grocery shopping channels by store brand Austria adidas Ownership of eHealth trackers / smart watches Germany by brand adidas Purchase of apparel by brand Austria, Canada, China, France, Germany, Italy, Statista Johannes-Brahms-Platz 1 20355 Hamburg Tel.
    [Show full text]
  • Annual Report 2018
    2018 Annu Al RepoRt (Incorporated in the Cayman Islands with limited liability) Stock Code: 772 CONTENTS 2 Corporate Information 4 Financial Summary and Operational Highlights 6 Chairman’s Statement 9 Management Discussion and Analysis 22 Directors and Senior Management 27 Report of Directors 61 Corporate Governance Report 78 Environmental, Social and Governance Report 90 Independent Auditor’s Report 100 Consolidated Statement of Comprehensive Income 101 Consolidated Statement of Financial Position 103 Consolidated Statement of Changes in Equity 105 Consolidated Statement of Cash Flows 107 Notes to Financial Statements 228 Definitions CHINA LITERATURE LIMITED ANNUAL REPORT 2018 CORPORATE INFORMATION Board of Directors Joint Company Secretaries Mr. Zhao Jincheng Executive Directors Ms. Lai Siu Kuen Mr. Wu Wenhui (Co-Chief Executive Officer) Mr. Liang Xiaodong (Co-Chief Executive Officer) Legal Advisors As to Hong Kong laws: Non-executive Directors Clifford Chance Mr. James Gordon Mitchell (Chairman) 27/F, Jardine House Mr. Lin Haifeng One Connaught Place Ms. Li Ming Hong Kong Mr. Yang Xiang Dong As to Cayman Islands laws: Independent Non-executive Directors Maples and Calder (Hong Kong) LLP Ms. Yu Chor Woon Carol 53rd Floor, The Center Ms. Leung Sau Ting Miranda 99 Queen’s Road Central Mr. Liu Junmin Hong Kong Audit Committee Auditor Ms. Yu Chor Woon Carol (Chairman) PricewaterhouseCoopers Mr. Yang Xiang Dong Certified Public Accountants Ms. Leung Sau Ting Miranda 22/F, Prince’s Building Central Remuneration Committee Hong Kong Ms. Leung Sau Ting Miranda (Chairman) Mr. Wu Wenhui Compliance Advisor Ms. Yu Chor Woon Carol Guotai Junan Capital Limited 27/F, Low Block Grand Millennium Plaza Nomination Committee 181 Queen’s Road Central Mr.
    [Show full text]
  • Social Media
    中国媒体概览 China Media Overview Social Media © 2016 Beyond Summits 3 Summary： • 90s generation has become the main users of Chinese social media. 90s generation prefer to watch internet videos, while 80s and 70s prefer to shop online and read news respectively. • Chinese netizens open and use 6-10 media APPs on average every day. The most frequently used social media platforms are WeChat, QQ and Weibo. When they use social media platforms, they outweigh ‘media’ nature of the platforms to obtain news and information as well as share their lives instead of being ‘social’. • WeChat users are younger and more frequently browse the platform. The users not only acquire common socialization by WeChat, but obtain information and life convenience as well. • Most of the Weibo users are male whose ages are relatively older than that of WeChat. Geographically, the Weibo users concentrate in such areas as Shanghai, Zhejiang Province, Jiangsu Province and the Zhujiang Delta. © 2016 Beyond Summits 4 Summary： • Currently, various APPs developed by such Internet tycoons as Baidu, Alibaba and Tencent are taking leading positions in China’s mobile Internet market. • Mobile Social Platforms: Tencent’s two APPs outperformed their competitive APPs. • Mobile Entertainment Platforms: The top3 mobile video APPs are Tencent, Youku and IQIYI. And the top3 mobile music APPS are KUGOU music, QQ music and KUWO music. • Mobile News Platforms: The top5 APPs are Tencent, TOUTIAO, 163 news, SOHU news and IFENG news. • Mobile Tourism: In this October, a merger between QUNAR and CTRIP produced the greatest mobile tourism APP in China. • Mobile E-commerce: TAOBAO outperformed other APPs.
    [Show full text]