On March 17, Tencent Music Entertainment Group (hereinafter referred to as TME) announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019. The financial report shows that in the fourth quarter of 2019, TME's total revenue was 7.29 billion yuan ($1.05 billion), an increase of 35.1% year on year. Its net profit attributable to the company's shareholders increased to 1.04 billion yuan ($150 million), while the net loss in the same period of ...

On March 17, Tencent Music Entertainment Group (hereinafter referred to as TME) announced its unaudited financial results for the fourth quarter and full year ended December 31, 2019. The financial report shows that in the fourth quarter of 2019, TME's total revenue was 7.29 billion yuan ($1.05 billion), an increase of 35.1% year on year. Its net profit attributable to the company's shareholders increased to 1.04 billion yuan ($150 million), while the net loss in the same period of ...

On March 9, Sohu announced its 2019 fourth-quarter financial report, with a revenue of $490 million, a year-on-year increase of 5%. Under the Non-GAAP, its net profit attributable to shareholders of the company was $6.85 million, which ends 16 consecutive quarters of losses. Sohu CEO Zhang Chaoyang has said in various public occasions that "Sohu is about to make a profit", but this prediction has never been fulfilled. Now, Sohu has made a profit in a single quarter, the annual loss has narrow...

On March 9, Sohu announced its 2019 fourth-quarter financial report, with a revenue of $490 million, a year-on-year increase of 5%. Under the Non-GAAP, its net profit attributable to shareholders of the company was $6.85 million, which ends 16 consecutive quarters of losses. Sohu CEO Zhang Chaoyang has said in various public occasions that "Sohu is about to make a profit", but this prediction has never been fulfilled. Now, Sohu has made a profit in a single quarter, the annual loss has narrow...

On March 9, Sogou released its unaudited financial results for the fourth quarter and the year of 2019. According to the financial report, Sogou's total revenue in the fourth quarter was $301 million, an increase of 1% year on year; the net profit attributable to Sogou was $35 million, an increase of 33% year on year. In 2019, Sogou's total revenue was $1.17 billion, an increase of 4% over the same period last year. The net profit attributable to Sogou in 2019 was $89.1 million, com...

On March 9, Sogou released its unaudited financial results for the fourth quarter and the year of 2019. According to the financial report, Sogou's total revenue in the fourth quarter was $301 million, an increase of 1% year on year; the net profit attributable to Sogou was $35 million, an increase of 33% year on year. In 2019, Sogou's total revenue was $1.17 billion, an increase of 4% over the same period last year. The net profit attributable to Sogou in 2019 was $89.1 million, com...

For most urban white-collar workers in China, takeout has become an indispensable part of their lives. Even in the fast-paced cities like "Beijing, Shanghai, Guangzhou and Shenzhen", many people are relying on takeout to survive. After the war of burning money and subsidies in 2013, Ele.me acquired Baidu takeout and sold it to Alibaba. Nowadays, it's on a par with Meituan takeout. The people in this battle who have gained a wealth of production experience and means of production are look...

For most urban white-collar workers in China, takeout has become an indispensable part of their lives. Even in the fast-paced cities like "Beijing, Shanghai, Guangzhou and Shenzhen", many people are relying on takeout to survive. After the war of burning money and subsidies in 2013, Ele.me acquired Baidu takeout and sold it to Alibaba. Nowadays, it's on a par with Meituan takeout. The people in this battle who have gained a wealth of production experience and means of production are look...

On March 5, Beijing time, the discount retail e-commerce company Vipshop disclosed its 2019 Q4 and the unaudited financial report for the whole year. Judging from various key data, Vipshop will continue its solid performance this quarter. Its Q4 net revenue reaches 29.3 billion yuan, an increase of 12.4% year on year, which exceeds market expectations. User data has also increased steadily. The number of active users in the fourth quarter reaches 38.6 million, an increase of 19% over the same...

On March 5, Beijing time, the discount retail e-commerce company Vipshop disclosed its 2019 Q4 and the unaudited financial report for the whole year. Judging from various key data, Vipshop will continue its solid performance this quarter. Its Q4 net revenue reaches 29.3 billion yuan, an increase of 12.4% year on year, which exceeds market expectations. User data has also increased steadily. The number of active users in the fourth quarter reaches 38.6 million, an increase of 19% over the same...

Focus • In 2019, iQIYI's membership and ARPU both increased, and content costs and net losses both narrowed; • IQIYI launches a new product "Suike" to against YouTube and explore new growth points. After the "barbaric" era of grabbing users and burning money, long video head players have sufficient content and complete layout to seize the sinking market and overseas market. A set of mature methods has been formed in the industry. The long video industry with a clearer competition pattern...

Focus • In 2019, iQIYI's membership and ARPU both increased, and content costs and net losses both narrowed; • IQIYI launches a new product "Suike" to against YouTube and explore new growth points. After the "barbaric" era of grabbing users and burning money, long video head players have sufficient content and complete layout to seize the sinking market and overseas market. A set of mature methods has been formed in the industry. The long video industry with a clearer competition pattern...

Since the mobile payment service Alipay operated by Alibaba's Ant Financial Services was established in December 2004, it has not changed its positioning as a financial payment service platform from the payment function. It launched a series products like Yu'ebao and some products related to social networking and community. "It used to be the transaction to the end of payment. Now it's payment that is the beginning of business." During the epidemic, Alipay made a great revoluti...

Since the mobile payment service Alipay operated by Alibaba's Ant Financial Services was established in December 2004, it has not changed its positioning as a financial payment service platform from the payment function. It launched a series products like Yu'ebao and some products related to social networking and community. "It used to be the transaction to the end of payment. Now it's payment that is the beginning of business." During the epidemic, Alipay made a great revoluti...

Pinduoduo has been on the market for three years. And in order to overtake JD.com's users, it took four years. Therefore, it has always been regarded as a "dark horse" in the e-commerce arena. With the rapid growth of Pinduoduo's users, it tells its own development story. But since its birth, Pinduoduo has been at a loss, which is closely related to its way of high subsidies and promotions. In addition, in order to seize the market, it has burned to much cash and it also uses traffi...

Pinduoduo has been on the market for three years. And in order to overtake JD.com's users, it took four years. Therefore, it has always been regarded as a "dark horse" in the e-commerce arena. With the rapid growth of Pinduoduo's users, it tells its own development story. But since its birth, Pinduoduo has been at a loss, which is closely related to its way of high subsidies and promotions. In addition, in order to seize the market, it has burned to much cash and it also uses traffi...

Affected by the epidemic, China's game industry unexpectedly ushered in a small climax at the beginning of 2020. Taking Tencent's game "Honor of Kings" as an example, a number of securities companies analyzed that the turnover of the game during the 2020 Lunar New Year (January) exceeded 9 billion yuan, higher than 7 billion yuan in the same period last year (February Lunar New Year). More and more players are attracted to the game industry due to its strong ability to make profit a...

Affected by the epidemic, China's game industry unexpectedly ushered in a small climax at the beginning of 2020. Taking Tencent's game "Honor of Kings" as an example, a number of securities companies analyzed that the turnover of the game during the 2020 Lunar New Year (January) exceeded 9 billion yuan, higher than 7 billion yuan in the same period last year (February Lunar New Year). More and more players are attracted to the game industry due to its strong ability to make profit a...

Affected by the epidemic, China's game industry unexpectedly ushered in a small climax at the beginning of 2020. Taking Tencent's game "Honor of Kings" as an example, a number of securities companies analyzed that the turnover of the game during the 2020 Lunar New Year (January) exceeded 9 billion yuan, higher than 7 billion yuan in the same period last year (February Lunar New Year). More and more players are attracted to the game industry due to its strong ability to make profit a...

Affected by the epidemic, China's game industry unexpectedly ushered in a small climax at the beginning of 2020. Taking Tencent's game "Honor of Kings" as an example, a number of securities companies analyzed that the turnover of the game during the 2020 Lunar New Year (January) exceeded 9 billion yuan, higher than 7 billion yuan in the same period last year (February Lunar New Year). More and more players are attracted to the game industry due to its strong ability to make profit a...

On March 2, JD.com released its fourth quarter and full-year financial reports for 2019. According to the data, JD.com's fourth-quarter revenue in 2019 was 170.68 billion yuan, a year-on-year increase of 26.6%. Under the non GAAP, the net profit attributable to common shareholders was 810 million yuan, and diluted earnings per share were $0.08, higher than analysts' expectations of $0.06. Meanwhile, in 2019, JD.com's net revenue reached 576.89 billion yuan, an increase of 24.9%...

On March 2, JD.com released its fourth quarter and full-year financial reports for 2019. According to the data, JD.com's fourth-quarter revenue in 2019 was 170.68 billion yuan, a year-on-year increase of 26.6%. Under the non GAAP, the net profit attributable to common shareholders was 810 million yuan, and diluted earnings per share were $0.08, higher than analysts' expectations of $0.06. Meanwhile, in 2019, JD.com's net revenue reached 576.89 billion yuan, an increase of 24.9%...

On March 12th, the 8th anniversary of its founding, ByteDance, the world's most valuable startup, announced a comprehensive upgrade of its organizational structure. At the same time, he mentioned that education business will be one of the new business directions that he focuses on. Zhang Yiming believes that education is very important to stimulate people's potential, and education itself has huge potential. "The online tutoring market is very hot recently, and many people ask about...

On March 12th, the 8th anniversary of its founding, ByteDance, the world's most valuable startup, announced a comprehensive upgrade of its organizational structure. At the same time, he mentioned that education business will be one of the new business directions that he focuses on. Zhang Yiming believes that education is very important to stimulate people's potential, and education itself has huge potential. "The online tutoring market is very hot recently, and many people ask about...