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April 1, 2021
Image source: Getty Images. Both stocks generated impressive gains over the past 12 months as video game sales soared throughout the pandemic. Tencents stock rose nearly 60% as Take-Twos stock climbed nearly 50%. But can Tencent and Take-Two maintain that momentum as the market rotates out of pandemic-driven stocks and into reopening plays in other sectors? Lets take a fresh look at both companies to find out. The differences between Tencent and Take-Two Tencent only generated 29% of its reven...
February 17, 2021
Wednesday, February 17, 2021 China will outpace the US by nearly $2 trillion in ecommerce this year February 17, 2021 (New York, NY) – China will take a step in its digital transformation this year that once would have seemed almost unthinkable. For the first time anywhere, a majority of retail sales for an entire country will transact online. We forecast that 52.1% of China’s retail will come from ecommerce in 2021, up from 44.8% last year. For almost every other country in the world, t...
January 28, 2021
Baidu (NASDAQ:BIDU). Lets find out a bit more about these tech companies. Image source: Getty Images. 1. Bilibili Bilibili is a diversified tech company that targets Chinas Gen Z users. Its gaming business, which generated 45% of its sales in the first nine months of 2020, licenses the hit game Fate/Grand Order from Princess Connect. Its value-added services segment, which generates most of its revenue from live videos, accounted for 32% of its top line. Ads generated another 14% of its sale...
January 20, 2021
WeChat now an integral part of daily life in China, says survey By HE WEI in Shanghai | China Daily | Updated: 2021-01-20 09:09 Share CLOSE A motorist scans the QR code of a mini program in WeChat before entering a community in Chongqing in February. [Photo/Xinhua] WeChat, the instant messaging application from Tencent, is increasingly becoming an indispensable part of the daily life in China, said the firm during an event on Tuesday. T...
January 8, 2021
Baidu (NASDAQ:BIDU) -- and see where they could be headed next. Image source: Getty Images. 1. Lululemon Lululemon, which carved out a high-growth niche in premium yoga apparel and activewear, went public at $18 per share in 2007. You could have bought 55 shares for $1,000, which would have been split into 110 shares in 2011. That position would be worth nearly $40,000 today. Lululemons annual sales rose from $269.9 million in fiscal 2007 to $4.0 billion in fiscal 2019. Analysts expect its rev...
December 16, 2020
Last month, Chinas State Administration for Market Regulation (SAMR) drafted new antitrust rules aimed at the countrys largest tech companies. It didnt call out any companies at the time, but it declared it would weed out "monopolistic practices" like price discrimination, the use of exclusive agreements to lock in merchants, and the compulsory collection of user data. At the time, many analysts speculated the new rules would affect Tencent (OTC:TCEHY) the most. Those predictions recently came...