Tag Archive: Fintech

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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Analysis of Ping An 2020 Annual Report: Technology Empower Business Development

In 2020, almost every businesses from each industry were severely impacted by the COVID-19 epidemic. The main business of Ping An is life insurance, which rely on the insurance agent keep close contact with customers, so the life insurance of Ping An has a difficult year.  If we look back the overall operation figures since IPO, we will find out the it’s the second time that the net profit and ROE of Ping An was dropped.  As we all know,…
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China Development in Dec 2020: FinTech, 5G, Online Leisure, COVID-19

FinTech Big Tech or big technology companies are already dominating the micropayment market in the country and enjoy an undue monopoly in terms of data resources. There are also chances that some of their financial businesses may trigger new types of risks”, said Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, in a speech via video link to the Singapore FinTech Festival. “A minority group of technology companies have dominated the micropayment market, which relates…
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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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