Tencent Holdings Q2 2018 Earnings, LIVE Webcast, Aug 15, 8am EDT

Tencent Holdings Ltd.

Hong Kong Stock Exchange: HKG: 0700

Tencent Holdings Ltd: HKG: 0700

Principal domain: tencent.com

Investor Relations: tencent.com/en-us/investor.html

UPDATE: Q2 2018 Earnings Release (pdf) excerpts:

• Total revenues were RMB147,203 million (USD22,248 million1 ), an increase of 39% over the first half of 2017 (“YoY”). 
• Operating profit was RMB52,499 million (USD7,934 million), an increase of 25% YoY. Operating margin decreased to 36% from 39% last year. 
• Profit for the period was RMB42,553 million (USD6,431 million), an increase of 30% YoY. Net margin decreased to 29% from 31% last year. 
• Profit attributable to equity holders of the Company for the period was RMB41,157 million (USD6,220 million), an increase of 26% YoY. 
• Basic earnings per share were RMB4.363. Diluted earnings per share were RMB4.303

See also: "Tencent's earnings disappointment, which sent the stock plunging and dragged EM futures lower..."--Tech Stocks Slammed After Tencent Shocker | ZeroHedge.com 15 Aug 2018.

Tencent Holdings Limited's release of 2018 Second Quarter and Interim Results: Wednesday, August 15, 2018. Mr. Ma Huateng, Chairman & CEO, Mr. Martin Lau, President, Mr. James Mitchell, CSO and Mr. John Lo, CFO, will host a conference call to review the Company’s business and financial performance and discuss the Company’s future plans. A live webcast of this conference call will be available on the Company’s website as follows: time: 8:00 p.m. HKT/ 8:00 a.m. EDT Webcast Access: http://www.tencent.com/webcasting/2Q18. PowerPoint slides will be presented during the live webcast. Archived webcast will be available at the same link above.

Dial-in numbers: US Toll Free: 184 4760 0770; UK: +44 20371 35084; China (Landline): 80087 00532; China (mobile): 40062 40407; International: +65 6713 5330; HK: +852 3018 8307; Passcode for Participants: 267 9428. A replay of the conference call can be reached at 185 5452 5696 (US Toll Free), or +61 2 9003 4211 (International). Conference ID number is 267 9428.

Tencent Holdings Limited is a Chinese multinational investment holding conglomerate founded in 1998, with subsidiaries specialize in various internet-related services and products, entertainment,  artificial intelligence and technology both in China and globally. 

Headquarters: Its twin-skyscrapers headquarters Tencent Seafront Towers (also known as Tencent Binhai Mansion) are based in Nanshan District, Shenzhen, China.

According to its Wikipedia.org profile: "Tencent is the world's biggest investment corporation, one of the largest internet and technology companies, one of the biggest venture capital firms, and the largest and most valuable gaming (Tencent Games) and social media company. Its many services include social network, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games, which are all among the world's biggest and most successful in their respective categories. Offerings in China include the well-known instant messenger Tencent QQ and one of the largest web portals, QQ.com. Its mobile chat service WeChat has helped bolster Tencent's continued expansion into smartphone services, and has been credited as one of the world's most powerful apps. It also owns the majority of China's music services (Tencent Music Entertainment), with more than 700 million active users and 120 million paying subscribers, the world's largest and most profitable."

• Revenue: 237.8 billion CNY (2017)
• Subsidiaries: Epic Games, Tencent Games, Riot Games, Supercell, WeChat and more.
• Founders: Ma Huateng a/k/a Pony Ma, Chen Yidan, Zhang Zhidong, Xu Chenye, Zeng Liqing

See also: Government of China blocks Tencent fantasy game days after launch--chinaeconomicreview.com 14 Aug 2018.

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Tech Review: 1) Tencent & WeChat's Pony Ma, 2) Browser Market Share

Tech Review (TR 2018-08-04)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) Tencent & WeChat's Pony Ma, 2) Browser Market Share--Where's Amazon Silk? 3) Investing: The Week: Apple at $1T, Investing Notes: a. Disrupted, b. $FB Record Loss, c. U.S. at 3% Growth Next 4-5 Years? 4) ICYMI Tech News.

1) China’s Tencent & WeChat Billionaire

Pony Ma is one of the richest people in the world. He created Tencent (domain: tencent.com), China's tech colossus, one of the ten largest companies in the world and developer of the WeChat app (domain: wechat.com), China's ubiquitous multi-purpose messaging, social media and mobile payment app. But few signs in his early years suggest that he would become such a success. Bloomberg.com video above first published 11 Jul 2018.

Tencent Holdings Ltd   HKG: 0700

Tencent's $143 Billion Rout Is World's Biggest as Tech Sinks--Bloomberg.com July 30, 2018--Tencent's stock has dropped 25% from its January peak, erasing $143B in value, as global investors became wary of big tech's potential growth.

2) Browser Market Share Worldwide (all devices) June 2018--Where's Amazon Silk?

• Chrome 58.94% (Google)
• Safari 13.7% (Apple)
• UC Browser 7.46% (Alibaba)
• Firefox 5.17% (Mozilla Foundation, Mountain View, California)
• Opera 3.5% (Chinese consortium)
• IE 3.12% (Microsoft)

Editor's note: The dominant market leader is definitely Google's Chrome browser, and #2 Safari offers real competition only on Apple devices (Apple's 'walled garden'). But watch Opera's future market share growth on cheap smartphones, particularly in China, India, and Brazil. Also watch if Amazon's Silk browser expands beyond Amazon devices. Amazon.com Inc. (NASDAQ: AMZN), could be just a few steps away from a broad array of new products and services, including a competitive search engine to Google and Microsoft's Bing, built on its core ecommerce platform, its AWS technology (aws.amazon.com), its Twitch (twitch.tv) subsidiary, and its expanding Amazon Advertising Platform--advertising.amazon.com/amazon-advertising-platform.

source: Statista.com

source: Statista.com

3) Investing

The Week: NASDAQ Composite +0.9% | S&P 500 Index +0.8% | DJIA +0.1%

Apple $AAPL Jul 27-Aug 2, 2018

Apple $AAPL on Thursday, August 2, 2018, became the first $1Trillion market cap company.

Wall Street's Charging Bull

Investing Notes:

a. Disrupted: "the staid taxi industry slept through the arrival of smartphones – and what an app-based system could do. While there are now apps for taxi services, it’s too little too late"--WolfStreet.com.

b. Facebook's Big Single Day Market Cap Loss in Context:

source: Statista.com

c. U.S. Treasury Secretary Steven Mnuchin says he sees at least 3 percent growth for next 4-5 years--reuters.com.

4) ICYMI Tech News:

• Q2 2018 Results of note this past week: Apple $AAPL & Tesla $TSLA. 

• 342M smartphones were shipped worldwide in Q2 2018, down 1.8% YoY from 348.2M, with Huawei passing Apple to ship the second-most smartphones--IDC.com.

• Chinese smartphone market declined 7% YoY in Q2 2018, fourth consecutive quarter of annual decline; Huawei's marketshare grew from 20% to 26%--counterpointresearch.com.

• Amazon has 70% of the U.S. home speaker market, followed by Google with 24% and Apple only 6%. The number of smart speaker devices in use in the U.S.? 50 million--CNET.com.

• 5G: Nokia & T-Mobile US agree to $3.5B 5G network hardware deal--reuters.com.

• "Logistics is hard"--Walmart stumbles with its 'last mile' package delivery plan--reuters.com.

• Cryptocurrency: California college student who allegedly was a member of OGUSERS, allegedly stole over $5M in cryptocurrency by "SIM swapping" (hijacking cellphone numbers)--motherboard.vice.com.
• Transaction Costs and Tethers: Why I’m a Crypto Skeptic--Paul Krugman in the New York Times | NYTimes.com.

-- John Poole, Editor, Domain Mondo  

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