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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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Shenzhen Citizen Center, the Center of Shenzhen

Shenzhen Citizen Center is in the center of Shenzhen, numerous modern buildings and Lianhua Moutain are perfectly merged together, that shows developed human society and nature can be in harmony. You can see the presence of Shenzhen development, the colorful Shenzhen people life, and the beautiful Lianhua Mountain. On the Shenzhen Citizen Center Plaza, we can see numerous modern buildings from an open space, and Ping An IFC attracts people’s eye most. We can walk to Lianhua Mountain from here, and…
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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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Business Analysis of Ping An 2019 Annual Report

Unlike the old days, Ping An published 2019 annual reports on Feb 21th, 2020, and almost one month in advance compared with last year. As a finance conglomerate, Ping An offers complex business services, such as insurance, bank, securities, trust, and five ecosystem, it’s hard to imagine that Ping An can publish annual reports in a short time. However, if we know Ping An history, we will not be so surprise. As I have posted: Ping An, a World-Leading Technology-Powered Retail…
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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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Coronavirus Outbreak in China, and How We Adapt to the Black Swan World

So far, as we all know, in Chinese New Year, a noval coronavirus is fastly spreading across China and abroad. The outbreak was firstly reported in Wuhan, central city of China. The rumor still need verfied is that the disease is caused by people eat bat.   Here is what we know about the coronavirus impact until Feb 14: There is no doubt that the Noval Coronavirus is hugely affecting everyone life in China. Normally, in Chinese new year, most of Chinese going back to there…
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Huaqiang North, the Center Hub of Electronics and a Glimpse of Shenzhen Past

Huaqiang North, is just a narrow street in Futian area of Shenzhen, however, it means a lot to the electronics industry just like the meaning as Wall street to finance. It is said, in the prime time, more than half of the foreign trade of electronics in China is from Huaqiang North. Especially, in the 2000, people are pouring into Huaqiang North, and dream to get rich by working here. Indeed, numerous of famous companies and billionaires are born here,…
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Huawei and Samsung: Who is a More Iconic Global Smart Device Brand

Every smart device vendor will take Apple as their teacher and first competitor. However, as we see Huawei has achieved great success in recent year, especially in smart devices area. If you ask me which is the first competitor of Huawei, I would say Samsung.  My opinion is based on several factors: The market share, and let’s see the latest Q3 phone market share results of 2019  from Canalys:  Market share leader Samsung shipped 11% more smartphones than it did…
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Haier Business Analysis: Leading Global Home Appliance Company from China

Haier is one of the most successful global company from China, not only because it’s one of the earliest brand go abroad, but near 50% percent of its revenue from foreign Countries. In contrast, GREE, another home appliance in China and similiar revenue size with Haier, made only less than 10% revenue from abroad.  Haier is a leading global home appliance manufacturer headquartered in Qingdao, China. Haier  designs, manufactures and sells a wide range of household appliances including refrigerators, freezers, washing…
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