China's Tencent Quarterly Profit Rises 32% 14 November 2012
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Chapter # 1 Introduction
Chapter # 1 Introduction Mobile applications (apps) have been gaining rising popularity dueto the advances in mobile technologies and the large increase in the number of mobile users. Consequently, several app distribution platforms, which provide a new way for developing, downloading, and updating software applications in modern mobile devices, have recently emerged. To better understand the download patterns, popularity trends, and development strategies in this rapidly evolving mobile app ecosystem, we systematically monitored and analyzed four popular third-party Android app marketplaces. Our study focuses on measuring, analyzing, and modeling the app popularity distribution, and explores how pricing and revenue strategies affect app popularity and developers’ income. Our results indicate that unlike web and peer-to-peer file sharing workloads, the app popularity distribution deviates from commonly observed Zipf-like models. We verify that these deviations can be mainly attributed to a new download pattern, to which we refer as the clustering effect. We validate the existence of this effect by revealing a strong temporal affinity of user downloads to app categories. Based on these observations, we propose a new formal clustering model for the distribution of app downloads, and demonstrate that it closely fits measured data. Moreover, we observe that paid apps follow a different popularity distribution than free apps, and show how free apps with an ad-based revenue strategy may result in higher financial benefits than paid apps. We believe that this study can be useful to appstore designers for improving content delivery and recommendation systems, as well as to app developers for selecting proper pricing policies to increase their income. -
Chinese Internet Companies and Their Quest for Globalization
International Conference on Information, Business and Education Technology (ICIBIT 2013) Chinese Internet Companies and Their Quest for Globalization Harlan D. Whatley1 1Swiss Management Center, Zurich, Switzerland Abstract players in the technology market (Sun, 2009). Chinese internet companies have seen an This qualitative research paper unprecedented growth over the past explores the quest for globalization of decade. However, very few are two successful Chinese internet recognized brands outside of China while companies: Baidu and Tencent Holdings. some seek to develop their brands in In this case study, the focus is on the foreign markets. This paper analyzes the marketing strategies of these expanding marketing strategies of two internet multinational enterprises and the companies: Baidu and Tencent and their challenges they face to become quest for globalization. recognized as global brands. All of the firms in this study were founded as Keywords: Baidu, Tencent, internet, private enterprises with no ownership ties branding, marketing, globalization, China to the Chinese government. Furthermore, an analysis of the countries and markets 1. Introduction targeted by the firms is included in the study. In addition to a review of the Innovation efforts by technology current academic literature, interviews companies in China are driven by adding were conducted with marketing and significant value to imported foreign strategy professionals from the technologies or by developing new perspective firms as well as journalists products to satisfy specific domestic that closely follow Chinese internet firms demands (Li, Chen & Shapiro, 2010). and the technology sector. This study on Firms in the emerging market of China do the globalization of Chinese internet not possess the R&D resources that their firms will contribute to marketing developed Western counterparts have. -
For Immediate Release
For Immediate Release TENCENT ANNOUNCES 2020 FIRST QUARTER RESULTS Hong Kong, May 13, 2020 – Tencent Holdings Limited (“Tencent” or the “Company”, 00700.HK), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the first quarter (“1Q2020”) ended March 31, 2020. 1Q2020 Key Highlights Revenues: +26% YoY, non-IFRS1 profit attributable to equity holders of the Company: +29% YoY ▪ Total revenues were RMB108,065 million (USD15,252 million2), an increase of 26% over the first quarter of 2019 (“YoY”). ▪ On a non-IFRS basis, which is intended to reflect core earnings by excluding certain one-time and/or non-cash items: - Operating profit was RMB35,575 million (USD5,021 million), an increase of 25% YoY. Operating margin remained stable at 33%. - Profit for the quarter was RMB27,984 million (USD3,950 million), an increase of 29% YoY. Net margin increased to 26% from 25% last year. - Profit attributable to equity holders of the Company for the quarter was RMB27,079 million (USD3,822 million), an increase of 29% YoY. - Basic earnings per share were RMB2.858. Diluted earnings per share were RMB2.817. ▪ On an IFRS basis: - Operating profit was RMB37,260 million (USD5,259 million), an increase of 1% YoY. Operating margin decreased to 34% from 43% last year. - Profit for the period was RMB29,403 million (USD4,150 million), an increase of 6% YoY. Net margin decreased to 27% from 33% last year. - Profit attributable to equity holders of the Company for the quarter was RMB28,896 million (USD4,078 million), an increase of 6% YoY. -
Annual Report 2011 1 Corporate Information
Contents Corporate Information 2 Financial Summary 3 Chairman’s Statement 4 Management Discussion and Analysis 11 Directors’ Report 27 Corporate Governance Report 54 Independent Auditor’s Report 70 Consolidated Statement of Financial Position 72 Statement of Financial Position - The Company 75 Consolidated Income Statement 77 Consolidated Statement of Comprehensive Income 79 Consolidated Statement of Changes in Equity 80 Consolidated Statement of Cash Flows 84 Notes to the Consolidated Financial Statements 86 Definitions 189 Tencent Holdings Limited Annual Report 2011 1 Corporate Information DIRECTORS NOMINATION COMMITTEE PRINCIPAL PLACE OF BUSINESS IN HONG KONG Executive Directors Ma Huateng (Chairman) Charles St Leger Searle Room 3002, 30th Floor Ma Huateng (Chairman) Li Dong Sheng Far East Finance Centre Lau Chi Ping Martin Iain Ferguson Bruce 16 Harcourt Road Zhang Zhidong Ian Charles Stone Hong Kong Non-Executive Directors REMUNERATION COMMITTEE CAYMAN ISLANDS PRINCIPAL Antonie Andries Roux SHARE REGISTRAR AND Antonie Andries Roux (Chairman) Charles St Leger Searle TRANSFER OFFICE Li Dong Sheng Independent Ian Charles Stone Butterfield Fulcrum Group (Cayman) Non-Executive Directors Limited AUDITOR Butterfield House Li Dong Sheng 68 Fort Street, P.O. Box 609 Iain Ferguson Bruce PricewaterhouseCoopers Grand Cayman KY1-1107 Ian Charles Stone Certified Public Accountants Cayman Islands AUDIT COMMITTEE PRINCIPAL BANKER HONG KONG BRANCH SHARE Iain Ferguson Bruce (Chairman) The Hongkong and Shanghai REGISTRAR AND TRANSFER Ian Charles Stone -
Pony Ma, the Global Strategist with Deep Pockets 07.01.18, 10 26
Pony Ma, the global strategist with deep pockets 07.01.18, 10(26 Person in the News Ma Huateng Read next Pony Ma, the global strategist with deep pockets The Tencent chief shuns the limelight but has big ambitions for the Chinese tech giant Louise Lucas JANUARY 5, 2018 The man behind the world’s sixth-biggest tech company is no brash, hoodie-encased youth. Instead, Pony Ma, founder, chairman and chief executive of China’s Tencent, prefers suits. “Low profile”, the description almost invariably applied to him, doesn’t begin to capture his allergy to the limelight. But, as this week’s brouhaha over data privacy demonstrated, it’s tough to stay in the shadows when you sit atop a goliath. Tencent is Facebook, Apple Pay, Spotify, gaming and reading rolled into one, and last year it generated $23bn of revenues and has amassed one of the biggest troves of data on the planet — in China, where government surveillance is axiomatic. The engine for much of this data is WeChat, Tencent’s killer messaging app that boasts just shy of 1bn monthly active users. Fans — both investors and users, who spend an average of one and a half hours on it every day — adore its ubiquity. Critics are more scathing: dissident Hu Jia has called it “the monitoring weapon in your pocket”. These are tense times for Big Tech globally, as governments and disrupted industries scramble to set rules of engagement. In China, the situation is a bit more nuanced. Tencent and its peers such as Alibaba, Baidu and JD.com, benefit from Beijing’s desire to foster national tech champions and its block on the likes of Facebook, Google’s search engine and Twitter. -
Annual Report Worldreginfo - 28526843-Ddd0-4856-824E-Fd9cb6a364c3 CONTENTS
2019 Annual Report WorldReginfo - 28526843-ddd0-4856-824e-fd9cb6a364c3 CONTENTS 2 CORPORATE INFORMATION 3 FINANCIAL SUMMARY 4 CHAIRMAN’S STATEMENT 11 MANAGEMENT DISCUSSION AND ANALYSIS 28 DIRECTORS’ REPORT 70 CORPORATE GOVERNANCE REPORT 97 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 127 INDEPENDENT AUDITOR’S REPORT 136 CONSOLIDATED INCOME STATEMENT 137 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 138 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 141 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 145 CONSOLIDATED STATEMENT OF CASH FLOWS 147 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 265 DEFINITION WorldReginfo - 28526843-ddd0-4856-824e-fd9cb6a364c3 Corporate Information DIRECTORS INVESTMENT COMMITTEE PRINCIPAL PLACE OF BUSINESS IN HONG KONG Executive Directors Lau Chi Ping Martin (Chairman) Ma Huateng 29/F., Three Pacific Place Ma Huateng (Chairman) Charles St Leger Searle No. 1 Queen’s Road East Lau Chi Ping Martin Wanchai NOMINATION COMMITTEE Hong Kong Non-Executive Directors Ma Huateng (Chairman) Jacobus Petrus (Koos) Bekker CAYMAN ISLANDS PRINCIPAL Li Dong Sheng Charles St Leger Searle SHARE REGISTRAR AND Iain Ferguson Bruce TRANSFER OFFICE Independent Non-Executive Directors Ian Charles Stone Charles St Leger Searle SMP Partners (Cayman) Limited Li Dong Sheng Royal Bank House – 3rd Floor Iain Ferguson Bruce REMUNERATION COMMITTEE 24 Shedden Road Ian Charles Stone P.O. Box 1586 Yang Siu Shun Ian Charles Stone (Chairman) Grand Cayman, KY1-1110 Ke Yang Li Dong Sheng Cayman Islands (appointed with effect from Jacobus Petrus (Koos) Bekker -
Joint Announcement
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. This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company or any other entity. This announcement is not for release, publication or distribution in or into any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. IMAGE FRAME INVESTMENT (HK) LIMITED LEYOU TECHNOLOGIES HOLDINGS LIMITED (Incorporated in Hong Kong with limited liability) 樂遊科技控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1089) JOINT ANNOUNCEMENT (1) PROPOSED TAKE PRIVATE OF LEYOU TECHNOLOGIES HOLDINGS LIMITED BY WAY OF A SCHEME OF ARRANGEMENT UNDER SECTION 86 OF THE COMPANIES LAW (2) ESTABLISHMENT OF INDEPENDENT BOARD COMMITTEE (3) APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER (4) PROPOSED WITHDRAWAL OF LISTING OF LEYOU TECHNOLOGIES HOLDINGS LIMITED AND (5) RESUMPTION OF TRADING Financial Adviser to the Offeror Financial Adviser to the Company Independent Financial Adviser to the Independent Board Committee 1 INTRODUCTION On 27 August 2020, in response to the Offeror’s Proposal put forward to the Board, the Company provided the Implementation Undertaking in favour of the Offeror, pursuant to which the Company irrevocably undertook to the Offeror to put forward to the Scheme Shareholders the Scheme which, if approved and implemented, will result in the Company being taken private by the Offeror and the withdrawal of the listing of the Shares on the Stock Exchange. -
Prophets of Mass Innovation: the Gospel According to BAT1
Media Industries 5.1 (2018) Prophets of Mass Innovation: The Gospel According to BAT1 Susan Leong2 CURTIN UNIVERSITY susan.leong [AT] curtin.edu.au Abstract: This article examines the role that the CEOs of China’s tech giants (Baidu, Alibaba, and Tencent [BAT]) play as advocates of China’s vision of mass innovation. It seeks, first, to understand what mass innovation is and the conditions for its success and then goes on to divine how the three individuals involved—Jack Ma (Alibaba), Robin Li (Baidu), Ma Huateng (Tencent)—combine the narrative of Silicon Valley individuated cyber-libertarianism and the collectivist socialism of China to convert the grassroots over to the gospel of mass innovation. In doing so, it traces the rise and beliefs of the trio but uses primarily Jack Ma’s and Alibaba’s growing prominence in Southeast Asia as a case in point of BAT’s influence outside of China. Keywords: Tech Evangelism, Mass Innovation, Indigenous Innovation, Cyber- Libertarianism, Counter-Culture Introduction Few aspects of everyday life in China remain untouched by digital technologies. From the social (friendship, networks, marriage, family) and the economic (work, finances, trade, insurance) spheres to the cultural/intellectual (education, entertainment, media, knowl- edge) and the physical (health, transport, housing, food, disabilities) realms, digitization is deeply embedded in the daily routines and practices of Chinese citizens. This is the case across urban and rural China albeit to different degrees. Three brands dominate the Chinese digital imaginary: Baidu, Alibaba and Tencent (BAT) and their leaders, Robin Li (Baidu), Jack Ma (Alibaba) and Ma Huateng (Tencent) have been valorized as exemplary innovators. -
MAKING a BETTER WORLD with TECHNOLOGY a Conversation with EDWARD CHENG, Corporate Vice President of Tencent and CEO of Tencent Pictures
insideview ADVERTISEMENT FEATURE MAKING A BETTER WORLD WITH TECHNOLOGY A conversation with EDWARD CHENG, Corporate Vice President of Tencent and CEO of Tencent Pictures TENCENT is one of the world’s top 10 most valuable internet companies. In 19 years, the Shenzhen-based start-up has grown into one of the world’s biggest technology and culture companies, with a market value exceeding US$400 billion. In 2013, Tencent launched the WE Summit as a platform for interdisciplinary exchange amongst the world’s science and technology innovators. Here, Edward Cheng discusses his expectation of the summit and Tencent’s ambition to address global challenges with technology. What are the major focuses of achievements to share their scientists, whose research How does Tencent address Tencent? visions of the future. Now live Tencent will support continuously. essential problems facing Tencent aims to build better streaming of the summit attracts We will also help connect young humanity? connections among people, millions of viewers. scientists with capital and the We care about challenges services and devices. Our core I hope the WE Summit industry by inviting them to share threatening human survival, new businesses now encompass will become a barometer insights at the WE Summit. issues emerging in technology social media, digital content and of technological innovation, development, and cultural financial technology. WeChat directing our future efforts. It will How do technology and preservation. Solutions to and QQ are among the most also motivate more scientists humanities intersect? problems like environmental popular social platforms for and entrepreneurs to explore Dreaming about changing the pollution, climate change, Chinese mobile internet users, solutions to global challenges world with technology, I studied diseases, and urban congestion with nearly 900 million monthly collaboratively and provide physics in Tsinghua. -
(1) Qualified Institutional Buyers Under Rule 144A Or (2) Non-U.S
IMPORTANT NOTICE THIS OFFERING IS AVAILABLE ONLY TO INVESTORS WHO ARE EITHER (1) QUALIFIED INSTITUTIONAL BUYERS UNDER RULE 144A OR (2) NON-U.S. PERSONS OUTSIDE OF THE UNITED STATES IMPORTANT: You must read the following before continuing. The following applies to the offering circular following this page (the “Offering Circular”), and you are therefore advised to read this carefully before reading, accessing or making any other use of the Offering Circular. In accessing the Offering Circular, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. THE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR OTHER JURISDICTION, AND SECURITIES IN BEARER FORM ARE SUBJECT TO U.S. TAX LAW REQUIREMENTS. THE SECURITIES MAY NOT BE OFFERED, SOLD OR (IN THE CASE OF NOTES IN BEARER FORM) DELIVERED WITHIN THE UNITED STATES, OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (“REGULATION S”)) EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE OR LOCAL SECURITIES LAWS. THIS OFFERING CIRCULAR MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY ADDRESS IN THE UNITED STATES. -
MOSAIC One Step at a Time: Finding the Faith to Move Forward in Darkness
Monday, November 12, 2018 CHINA DAILY 22MOSAIC One step at a time: Finding the faith to move forward in darkness When the mountain trail province. And I never imag- boo? In fact, the very trail we thorns stretching down the facing a prickly field of thorns. place it among those thorns. dows from a house beside the you thought would take you ined that, in getting lost there, used to climb the mountain mountain as far as we could I worried that we might take But it turned out OK. And so road, announcing our return downhill sud- I would find something far had also disappeared into the see. the wrong step and tumble did the next move, and the one to civilization, waves of relief denly ends in a more important. woods, forcing us to impro- If we wanted to make it down, or fall into something after that. washed over me. While I told great snarl of While we had always want- vise a way through a dense back home, we would have to even worse than those thorns, With each small step of my husband we were fortu- thorny bushes, ed to reach the top, which cluster of bushes and trees. blaze our own way out of since we couldn’t see the progress, I found myself grad- nate, I also recognized it and it’s nearly drove us to hike there in the However, the summit there, in the dark. ground. How could we possi- ually gaining confidence — in wasn’t luck that led us out of dusk, you afternoon, we hadn’t planned appeared deceptively neat, As a lifelong hiking enthusi- bly move forward? our ability to make it home, the darkness. -
Inside Tencent: China's Gaming Leviathan
FEATURE STORY: INSIDE TENCENT: CHINA’S GAMING LEVIATHAN read more 1 CHARTBOOST POWER-UP REPORT FEBRUARY 2019 CONTENT Introduction 1 How China’s Censors Affect read more 6 New Game Releases read more Overview of China’s Market 2 read more China’s Ad-Supported 7 Game Market read more The Rules for Chinese 3 Publishing Deals read more How to Successfully Advertise 8 in China A Look Inside Tencent, China’s read more 4 Giant Success read more 9 Chartboost in China read more Entering China’s Mobile 5 eSports Arena read more Tencent’s Arena of Valor 2 CHARTBOOST POWER-UP REPORT FEBRUARY 2019 1 INTRODUCTION he Chinese dragon is fully ascendant, after years of fast-paced growth. Chinese mobile gamers now account for 25 percent of world- T wide in-app purchase and in-app advertising revenue, according to App Annie. There are more Chinese smartphone users than there are in the European Union: about 775 million, by researcher New- zoo’s latest estimates. But China isn’t an easy market — even for local devel- opers. In March 2018, the government began a 9 month freeze on new mobile games approvals. In August 2018, the government further punished its largest game com- pany, Tencent, by blocking sales of Monster Hunter: World only eight days after the game’s release. The Mid- dle Kingdom is marked by fierce competition, and even fiercer regulators. 3 CHARTBOOST POWER-UP REPORT FEBRUARY 2019 Despite the challenges, nobody wants to be left out. Advertising in China is similar, in some respects, to can Western developers, publishers and adver- Luckily, as with so many things in China, regulations the game market: a partner or agency is almost a tisers enter this enormous market? This report can’t completely halt business.