DOCSLIB.ORG

Corporate Overview

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Overview 1 Leading Services with Massive and Highly Engaged User Base Games Long-Form Video • #1 by users in China across • #1 by subscriptions PC and mobile Games News • #1 globally by revenue • #1 news services by MAU Music Digital • #1 music services provider Content Literature • #1 online content library and publisher Weixin & WeChat • #1 mobile community • MAU at 1,251m QQ Communication • QQ mobile devices MAU FinTech at 591m & Social Mobile Payment • #1 by MAU & DAU Cloud Mobile Browser • #1 by MAU Public Cloud Mobile Security • #2 service provider by Utilities • #1 by MAU revenue * All rankings above refer to China market, unless otherwise stated. Company data as of June 30, 2021. 2 Digital Ecosystem Fulfilling Everyday Needs of Consumers 1 billion+ RMB1.6 trillion+ 229 million daily average commercial payment total transaction value generated from total fee-based transactions on Weixin Pay (1) Weixin Mini Programs (2) VAS subscriptions (3) Tencent Weixin Tencent Mini WeiShi Video Video Accounts Games Games Watching Playing videos games 20 Tencent Tencent Health Weixin QQ Health Medipedia Code Seeking medical help Sharing Socialising QQ Music WeSing Communication Listening and Kugou Music Kuwo Music singing Work and collaboration Payment Reading transactions WeCom Tencent Tencent Meeting / Docs VooV Meeting QQ Qidian Weixin Weixin Pay QQ Wallet Reading Reading Reading 1. Since 4Q2019 2. Annual transaction value in 2020 3 3. Fee-based VAS subscriptions as of Jun 30, 2021 Weixin Reshapes Digital Lifestyle in China Weixin Chat Chat and Moments • Weixin Chat provides synchronous communication between mutual contacts Moments Video Accounts • Moments provide asynchronous photo, video and audio sharing Weixin Pay • Easy and secured online/offline transactions • Over 1 billion average commercial transactions per day since 4Q2019 Mini Programs Official Accounts Mini Programs • Provide Weixin users with products, content and services • Assist businesses in building digital presence Connecting People, • 2020 annual transaction value more than doubled YoY Enterprises, Content and Services Official Accounts Weixin Search Weixin Pay • Allow individuals, media and businesses to share original content and engage with readers • Strengthen brand awareness and content management Video Accounts • Facilitate public sharing of video and live streaming content Top Stories Mini Games • Help content creators and brands acquire and manage customers efficiently Largest communication and social service in China for over 1.25 billion MAU (1) 1. As of Jun 30, 2021 4 QQ Caters to Evolving Needs of Young Users Chat & Group Mini Programs QQ Wallet Kandian Synchronous Content & services Mobile payment News feed communication consumption Game interest group Honour of Kings team-up invite Services Game players discuss Online education Access daily services, Articles, images and videos game-related topics and services provided by transportation provided by news media and form teams in game third-party institutions shopping and quality content creators communities entertainment services 591 million QQ MAU (1) on mobile devices 1. As of Jun 30, 2021 5 Embrace Industrial Internet with Comprehensive Technological Capabilities • Extending our strategy of ‘Connection’ to connecting industries, consumers and business partners • Customise smart industry solutions based on Tencent Cloud; leverage our high-DAU products and software, and proprietary technologies to assist enterprises in digital transformation Smart Solutions Retail Healthcare Education Finance Transportation Software and Services Tencent Meeting / WeCom Tencent Docs Weixin Weixin Pay Tencent Security VooV Meeting Technologies Location-based Security Capabilities Autonomous Driving YouTu AI Lab Tencent AI Lab Big Data Analytics Services • Comprehensive range of products and services (>300) on top of computing and storage Infrastructure • Solid infrastructure in 27 regions and 67 availability zones (1) Tencent Cloud • Over 1 million paying customers since 4Q2019 1. As of Jun 30, 2021 6 Embrace future opportunities with proactive investments New market • Businesses accelerate movement online; various industries speed up digitalisation opportunities • Game user base expanded; long-term growth driven by new genres and technologies clearly emerging • Users seek more diverse and nutritious short video content Investees’ value appreciates, while incurring wider losses Tencent is proactively investing for future • Valuation increased: fair value of our listed investees was • Business Services: assist in digitalisation over USD200 billion • Games: focus on high-production value games with global • Several investees at heavy loss stage due to investment appeal in new opportunities • Short-Form Video Content: cultivate differentiated ecosystems • Sustainable Social Value: bring technology benefits to society 7 Promote Sustainable Innovations for Social Value Carbon Neutrality • Realise our aspiration: bring benefits and value to society sustainably by leveraging our technology and products Rural Technology for Senior Revitalisation Citizens and Public Welfare • Broad undertaking to elevate importance of sustainable social value in making product decisions • Established SSV Org to deploy social value initiatives in a FEW professional and entrepreneurial way Provision Assisting with Public Emergencies • Incubate projects in various areas, linking with our existing businesses when appropriate • Promote development of self-sustainable operations in addition to providing donations Education Basic Science • Pursue long-term social value rather than economic profits Innovation • Capital funded by our investment gains Sustainable Social Value 8 Our ESG Commitment and Approach Integrate social responsibility into products and services Promote technological innovation to create long-term value for all stakeholders Environment Social Governance • Carbon neutrality: explore renewable • Privacy and security: adhere to ‘Privacy • Integrity as core value: prevent energy solutions; leverage self- by Design’ and protect user data with corruption with stringent risk developed T-block technology to advanced security technologies management and internal controls optimise power usage efficiency in data centres • Responsibility towards teenage users: • Fostering ecosystem: support the upgrade our Balanced Online growth of third-party partners, promote • AI for Food, Energy and Water Entertainment System; released teenager fair competition and industry (FEW): leverage AI, big data analytics mode in multiple products to advocate collaboration and cloud computing to facilitate digital well-being desert reclamation • Diversity: enhance board diversity in • Fighting COVID-19: Health Code gender, background and expertise facilitates domestic travel and reduces transmission risks for over 1 billion users; Weixin Pay, Mini Programs and other digital tools assisted economic recovery MSCI ESG Rating: BBB | Sustainalytics ESG risk score: 22.9 (1) 1. Out of 100, the lower the better 9 Leading industry in fostering a healthy gameplay environment in China • Pioneered a system for parents to manage minors’ game activity in Feb 2017. Introduced the strictest measures in the industry with mandatory real-name verification, game time and spending limits in Sep 2018 • Further tightened game time and spending limits beyond regulatory requirement in Aug 2021 ✓ Reduced daily time limit to 1 hour on non-statutory holidays and 2 hours on statutory holidays for minors ✓ Prevented in-game spending by players aged under 12 • Crack down misuse of adult accounts and transactions of adult accounts on third-party platforms • Advocating industry-coordinated efforts on 1) regulating minors’ total time spent across games; 2) further researching age-based game classification system; 3) discussing restriction of players aged under 12 from playing games • Players aged under 16 accounted for 2.6% of our China game grossing receipts in 2Q21. Among which, players aged under 12 accounted for 0.3% Feb 2017 Sep 2018 Sep 2019 Aug 2021 Pioneered a system for Upgraded Healthy Took down games Further tightened parents to manage Gameplay System with incompatible with game time and minors’ game activity mandatory real-name Healthy Gameplay spending limits verification, game time System and spending limit 10 1. Business Model Resilient Business Model with Diversified Revenue Streams Revenues by Business Segment (1)(2) (RMB in billions) 532.7 Segment 2% • Enterprise and consumer-driven 500.0 482.1 FinTech and Business • Payments, distribution of wealth management and other 1% FinTech services 5-year Services(2) CAGR 33% 29% • Cloud and other enterprise-facing services, such as smart retail solutions 27% 400.0 377.3 • Enterprise-driven 2% • Social and other advertising inventories: Weixin, QQ, app Online Advertising store, browser, mobile advertising network, etc. 312.7 17% 27% • Media advertising inventories: news, video and music, 2% 17% 300.0 etc. 23% 237.8 18% • Consumer-driven 18% • Mobile games 200.0 19% 31% VAS: Games 32% • PC games 17% 151.9 • Console games 11% 30% 18% 33% 100.0 41% • Consumer-driven 47% • Digital content subscriptions 23% 21% VAS: Social Networks 23% • Membership privileges 24% 23% 24% • Virtual item sales 0.0 (3) 2016 2017 2018 2019 2020 LTM Jun 2021 1. “Others” segment revenues is marked in grey. “Others” segment revenues for 2016-2017 include FinTech and Business Services, and the financials of investment in, production of and distribution of, films and television
Load more

Recommended publications
  • 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]
  • [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]
  • Driving Positive Change
    Driving Positive Change 2019 Corporate Social Responsibility Report Tencent Holdings Limited Corporate Social Responsibility Report 2019 01 Adhering to this new vision, CSR is to play As a listed company in Hong Kong, Introduction a more pivotal part than ever in Tencent’s Tencent complies with the statutory business strategy. The company believes requirements on ESG reporting. This Tencent Holdings Limited (“Tencent”) is that integrating social and environmental report supplements Tencent’s 2019 pleased to publish a condensed version concerns into its daily operations will ESG report and was developed with of its 2019 corporate social responsibility contribute to the well-being of society. reference to the Guidelines on Corporate (CSR) report, entitled Driving Positive As a responsible Internet-based platform Social Responsibility Reporting for Change. The report, supplementing company, Tencent is committed to Chinese Enterprises (CASS-CSR4.0), the this year’s environmental, social and practicing CSR and setting an example Sustainable Reporting Guidelines of the governance report Tencent publishes for the wider community. The Company Global Reporting Initiative (GRI) and the as a Hong Kong-listed company, is part began publishing CSR reports in 2008 Environmental, Social and Government of an ongoing initiative to engage the and in 2017 made it an annual publication Reporting Guide of the Hong Kong Company’s stakeholders through its CSR to communicate its CSR initiatives to its Exchange and Clearing Limited at the efforts. stakeholders on a regular basis. time of writing. In 2019, Tencent reflected on its corporate This year’s report outlines Tencent’s CSR Looking to the future, Tencent is culture and put forward a new vision – strategy, approach and achievements in committed to living out its new vision “Value for Users, Tech for Good”.
    [Show full text]
  • 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.
    [Show full text]
  • MCM China Phase 1
    China Luxury Digital Playbook No ordinary love – the changing relationship between brands and Chinese millennials Tencent x BCG luxury consumer insight study Tencent data Consumer survey Data source Tencent DMP Tencent platform users’ survey responses 1.8mn Chinese luxury consumers 2620 consumers Sample size (customized BCG x Tencent tags) (luxury buyers in past 12 months) Key outputs Luxury consumer profiling Luxury touchpoints and purchase pathway 1 Copyright © by 2017 The Boston Consulting Group, Inc. All rights reserved. Chinese luxury consumers to drive global luxury growth Chinese personal luxury market to grow at 6% CAGR 40% of global true luxury market will be in China € billion, retail value € billion, retail value 162 409 +6% 31% 327 +4% 105 247 98 95 28% 27% 28% 222 69% 40% 72% 73% 73% 32% 162 105 2015 2016 2017 2024F 2017 2024F True luxury Accessible luxury 70% of global growth 1. Monthly household disposable income >23k RMB in 2016 prices Note: Chinese includes purchases abroad; personal includes leather accessories, apparel, watches and jewelry and perfumes and cosmetics 2 Copyright © by 2017 The Boston Consulting Group, Inc. All rights reserved. Source: BCG Luxury Market Model 36% 32% 28 Average 13% Age 8% 6% 6% <18 18-24 25-30 31-35 36-40 41+ TGI1 47 148 140 111 88 24 They are very 63% 16% young, better Education 12% 8% educated, Primary school High school College degree Graduate or Ph.D more female TGI1 100 145 321 505 71% 29% Gender Male Female TGI1 54 176 1. TGI measures whether the group is over or under represented compared to the general population (base = 100) 3 Copyright © by 2017 The Boston Consulting Group, Inc.
    [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]
  • India Internet a Closer Look Into the Future We Expect the India Internet TAM to Grow to US$177 Bn by FY25 (Excl
    EQUITY RESEARCH | July 27, 2020 | 10:48PM IST India Internet A Closer Look Into the Future We expect the India internet TAM to grow to US$177 bn by FY25 (excl. payments), 3x its current size, with our broader segmental analysis driving the FY20-25E CAGR higher to 24%, vs 20% previously. We see market share likely to shift in favour of Reliance Industries (c.25% by For the exclusive use of [email protected] FY25E), in part due to Facebook’s traffic dominance; we believe this partnership has the right building blocks to create a WeChat-like ‘Super App’. However, we do not view India internet as a winner-takes-all market, and highlight 12 Buy names from our global coverage which we see benefiting most from growth in India internet; we would also closely watch the private space for the emergence of competitive business models. Manish Adukia, CFA Heather Bellini, CFA Piyush Mubayi Nikhil Bhandari Vinit Joshi +91 22 6616-9049 +1 212 357-7710 +852 2978-1677 +65 6889-2867 +91 22 6616-9158 [email protected] [email protected] [email protected] [email protected] [email protected] 85e9115b1cb54911824c3a94390f6cbd Goldman Sachs India SPL Goldman Sachs & Co. LLC Goldman Sachs (Asia) L.L.C. Goldman Sachs (Singapore) Pte Goldman Sachs India SPL Goldman Sachs does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.
    [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]
  • TENCENT HOLDINGS LIMITED 騰 訊 控 股 有 限 公 司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 700)
    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. TENCENT HOLDINGS LIMITED 騰 訊 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 700) ANNOUNCEMENT OF THE ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2014 The Board is pleased to announce the audited consolidated results of the Group for the year ended 31 December 2014. 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 31 December Year-on-year 2014 2013 change (RMB in millions, unless specified) Revenues 78,932 60,437 31% Gross profit 48,059 32,659 47% Operating profit 30,542 19,194 59% Profit for the year 23,888 15,563 53% Profit attributable to equity holders of the Company 23,810 15,502 54% Non-GAAP profit attributable to equity holders of the Company(1) 24,224 16,975 43% EPS(2) (RMB per share) - basic 2.579 1.693 52% - diluted 2.545 1.660 53% Non-GAAP EPS(1)(2) (RMB per share) - basic 2.624 1.854 42% - diluted 2.589 1.817 42% — 1 — Unaudited Three months ended 31 31 Year- 30 Quarter- December December on-year September on-quarter 2014 2013 change 2014 change (RMB in millions,
    [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]
  • Chapter Iii Internal & External Analysis
    CHAPTER III INTERNAL & EXTERNAL ANALYSIS 3.1 Vision & Mission Vision To be the most respected Internet Company. Earn the respect of consumers by listening, satisfying and exceeding their needs and expectations. Earn the respect of employees by continuously improving our corporate reputation so that Tencent is a company employees are proud to work for. Earn the respect within the industry by promotion the healthy development of the Inernet industry and win-win collaboration with partners. Earn the respect of society by actively assuming corporate responsibility and contributing to community development. Mission To enhance people’s quality of life through Internet services. Treat the Internet like electricity: a reliable service that makes life easier and more enjoyable. Address the diverse need of different regions and consumers by offering differentiated products and services Build a healthy and win-win Internet ecology based on open collaboration with partners. 12 3.2 PEST Analysis PEST, as an analysis framework of macro-environmental factors, which can be considered as macro-environmental factors and its usefulness line in the assumption that the success of a particular organization or management solution cannot be understood without having the information relevant to the specific business environment (Buchanan and Gibb, 1998). 3.2.1 Political factors As a majority of Tencent’s operations are located in China, therefore its results of operations, financial condition and prospects are subject to regulatory developments in China. The China’s Internet and telecommunications industries are highly regulated. Regulations issued or implemented by the State Council, MIIT, MOC, GAPP and other relevant government authorities cover many aspects of its telecommunications and Internet information services, including entry into the telecommunications industry, the scope of permissible business activities, licenses and permits for various business activities and foreign investment.
    [Show full text]