Tencent Releases Cloud Revenue For First Time

Matthew Brennan Tencent

For the first time ever Tencent’s 2018 Q3 earnings call let us know how much they earn from cloud services. It was certainly more than I or many others expected. “2018 Q1-Q3 cloud services revenue was 6 billion+ RMB (0.86 billion USD) , more than doubling YoY. Paying customers grew at a triple-digit rate YoY.” That puts Tencent’s cloud revenue at …

A Deep Dive Into Tencent’s Restructuring: The Struggle to Master B2B

Matthew Brennan Tencent

A few days ago Tencent officially announced a major restructuring (Link in Chinese), the third ever in company history. The move is a big deal for the Chinese internet industry as the repositioning of Tencent’s divisions reveals much about their long strategy and where they believe the future key internet and technology sector battles will take place. In this essay …

CHina CHat Conference 2018 Shanghai – Review

Matthew Brennan Events

400+ attendees, 25+ speakers, 12+ exhibitors, 8 workshops, 2 after parties and 1 VIP dinner. This year’s CHina CHat conference was yet again a full house. A huge thank you to all the attendees and speakers who flew in this year. More attendees than ever came in from all parts of the globe to be at CHina CHat. Below are some of the pictures. Digital Transformation & Artificial Intelligence in Omni-Channel Retailing Panel – Ted Hopkins, …

Tencent’s Investment Strategies Revealed

Matthew Brennan Article from other sources

Below is my translation of an interview with Tencent Investment Partnership Manager, Li Zhaohui 李朝晖 conducted last week by Business Week China. The rare interview provides a dive deep into Tencent investment division’s thinking. This is a must read for anyone wishing to better understand Tencent’s investment strategies. The article is very typical of the many longer in-depth more thought-provoking …

A good reason and a bad reason to be less optimistic about Tencent

Matthew Brennan Tencent

Tencent’s earning’s call on Wednesday has understandably caused a lot of debate. The first drop in profits in 10 years is certainly something worthy of discussion. Tencent’s share price has clearly had a horrid time of things this year. Yet I’ve somehow found myself somewhat confused at the narratives being spun around this situation. Below I took a bash at breaking …

WeChat’s Struggle To Compete With Toutiao

Matthew Brennan Uncategorized

A rare short video of publicity-shy WeChat founder Allen Zhang talking to internal WeChat team staff surfaced yesterday amongst Chinese tech circles before shortly being taken down from all video platforms within hours. It’s the first time Allen has been caught on record talking directly about a competitor, in this case, Toutiao (Daily Headline), a hugely successful news aggregation app that …

One Billion Users And Counting — What’s Behind WeChat’s Success?

Matthew Brennan Article from other sources

It’s no exaggeration to say that life in modern China without WeChat is pretty much unthinkable. Tencent’s blockbuster super-app is the poster child for China’s mobile lifestyle, embedding itself into all aspects of daily life in ways that are sometimes hard for people based outside of mainland China to fully grasp. Just a few days ago it was announced that …

Tencent CEO Pony Ma Talks On Smart Retail

Matthew Brennan Article from other sources, Tencent

Tencent CEO Pony Ma gave an interview today covering a variety of topics. Below is my translation of the part on ‘smart retail’ (what Alibaba call ‘new retail’) which has been easily one of 2018’s red-hot topics so far. I found it particularly interesting as it provides some insight into Tencent’s strategy in this area. Interviewer: What are your thoughts, …

Apple Opens a WeChat Account: Why did it take 5 years?

Matthew Brennan Hot News

Apple finally opened their first ever WeChat official account (OA) today. Read on to find out: How to find and use the account. Why it took Apple 5 YEARS to finally open their account and what this move says about their previously rocky relationship with WeChat’s parent company Tencent. Above: buying an iPhone with WeChat pay on the official Apple WeChat account How …