Tag Archive: Tencent

Analysis of Tencent 2020 Annual Report: Reshapes Digital Lifestyle Through Ecosystem

In 2020, we know almost every company has a tough year due to COVID-19 impact. But, Tencent is an exception. The offline business is accelerating to migrating to online platform, and the offline lifestyle is replaced by online digital lifestyle in the epidemic period. For example, users video calling with friends through Wechat, playing online games, such as Honor of Kings, is more popular than ever before, and Tencent Meeting has become daily needs for business conference in China. According to…
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China Development in Feb 2021: Sharing Economy, Patent, Garment Industry

Sharing economy The State Information Center said that in 2020, amid challenges brought by COVID-19, new business modes featuring the sharing economy demonstrated tremendous resilience and development potential. The trade volume of the sharing economy for the year surged 2.9 percent year-on-year to 3.38 trillion yuan ($523.6 billion). The pandemic’s influence on different areas of the sharing economy varied. The market volume of the sharing healthcare sector grew rapidly, with year-on-year growth of 27.8 percent. In contrast, the market volume…
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China Development in Jan 2021: E-healthcare, Education, China-ASEAN trade

E-healthcare is Booming China’s online healthcare sector is set to see new development opportunities as the COVID-19 pandemic has boosted demand for internet-based healthcare platforms, industry experts said. Such platforms provide online health and telemedicine services to reduce the burden on hospitals. DXY, a leading digital healthcare technology company in China, is speeding up its layout across both upstream and downstream, to cover doctors, pharmaceutical enterprises, medical institutions, consumer products companies, as well as online consultation services for the public….
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Will Ping An Health Care Ecosystem Solve the Difficulty of Medical Treatment in China

Before I dived into Ping An health care ecosystem, I will share my experience of medical treatment in hospital recently. Last week, I have my throat stuck by fish bone, and went to hospital immediately. After registered, I went to Otolaryngology, the doctor give the suggestion to have X ray for my throat. They are at different places, and the doctor can not give the exact answer when got the X ray result.  After all the process, I have spent 3…
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China Development in Nov 2020: AI industry, Electric Bicycles, Online Game, Double Eleven

AI Statistics show that, as of the middle of October, China had 1,499 smart robot companies, 2,707 drone companies, 6,722 face recognition companies, 2,855 smart voice companies, and 6,143 smart driving companies. About 783,000 industrial robots are currently in operation in Chinese factories and the outbreak of the COVID-19 pandemic sped up the development of AI in the medical field, the report said. 2. Electric Bicycle China’s output of electric bicycles reached 25.48 million during the first 10 months of…
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China Development in Oct 2020: Integrated Circuit, Medical Device, Rich Individuals, Tourism

Integrated Circuit Industry An integrated circuit industrial base was officially inaugurated in Shanghai in Oct 2020, with 14 projects worth 22.5 billion yuan (about $3.36 billion) signed agreements to be located in the base. The projects cover the whole production chain of the integrated circuit industry, including chip manufacturing and design, as well as equipment and key materials manufacturing. The base, dubbed “oriental chips harbor,” is located in the Lingang Area, a new section of the Shanghai Pilot Free Trade…
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Analysis of Tencent 2019 Annual Financial Statements

Tencent released 2019 financial statements this month. Since the beginning of the coronavirus epidemic, the App portfolio of Tencent played more and more important role for everyone’s daily life. So Tencent 2019 financial statedments is highly expected. From 4Q19 and Annual Results Presentation As we can see from above graph, the key performance indicators, such as revenue, profit, etc, grew by more than 20%. So Tencent still keeps high growing pace in the elephant size. The operating margin is 30%, more…
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Vanke, the Leading City and Town Developer and Service Provider in China

Vanke was established in shenzhen since 1984, and after 30 years of development, it has become a leading city and town developer and service provider in China. As I mentioned before, Shenzhen is an amazing city, which created great companies in its short history, for example, Tencent as the largest social and connecting platform, Ping An as the leading retail finance group in China, Huawei as the leading telecom infrastructure provider globally. The founder of Vanke is Wang Shi, like Jack Ma…
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Tencent, Fostering Connecting Ecosystem to Serve Enterprises and Consumers

Tencent was founded in Shenzhen, China, in 1998, and listed on the Main Board of the Stock Exchange of Hong Kong since June 2004. As I mentioned before, Shenzhen is an amazing city. Within 40 years history, numerous competitive companies were founded in Shenzhen, the most famous companies are Tencent, Huawei, Ping An, and China Merchants Bank Currently, Tencent and Alibaba is the Top 2 conglomerates by market capitalization. Alibaba aims to provide operating system for commerce and make business…
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Wuhan, Stay Strong! China, Stay Strong!

In this Chinese New Year, I was planned to travel to Wuhan for several days during my stay in my hometown. As we all know that the Noval Coronavirus epidemic has spread all over country from Wuhan. More than 80% infections was in Wuhan, and the city has been locked since Jan 23.  I have write a post about how the Noval Coronavirus affected Chinese daily life and the suggestions to cope with the unexpected disasters: Coronavirus Outbreak in China, and How…
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