Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

Equity Bottom-Up

CTW Cayman develops games. The Company provides anime IP-based games for mobile devices and personal computers. CTW Cayman serves customers across worldwide.

<ul>
<li>Global HTML5 anime gaming leader leveraging instant-play platform and AI marketing to lower acquisition costs and enhance monetization efficiency.</li>
<li>Capital-Light model retains ~80% gross revenue, supported by 33 major IP partnerships including Kadokawa, TMS, and Warner Bros Japan.</li>
<li>Growth accelerating with U.S. expansion, FY1H25 revenue +23% YoY, overseas share 29%, Target Price US$5.7, Structural Long rating.</li>
</ul>


Global HTML5 anime gaming leader leveraging instant-play platform and AI marketing to lower acquisition costs and enhance monetization efficiency.
Capital-Light model retains ~80% gross revenue, supported by 33 major IP partnerships including Kadokawa, TMS, and Warner Bros Japan.
Growth accelerating with U.S. expansion, FY1H25 revenue +23% YoY, overseas share 29%, Target Price US$5.7, Structural Long rating.


CTW (Initiation of Coverage): Invisible Hand of AI Behind Japan’s Anime Gaming Leader

Podcast by CEO, Norges Bank Investment Management, In Good Company with Nicolai Tangen

In Good Company with Nicolai Tangen

Podcast by CEO, Norges Bank Investment Management

The CEO of the largest single investor in the world, Norges Bank Investment Management, interviews leaders of some of the largest companies in the world. You will get to know the leader, their strategy, leadership principles, and much more. Hosted on Acast. See https://www.acast.com/privacy-policy for more information.

Sea Limited offers information technology services. The Company provides online personal computer and mobile digital content, e-commerce, and payment platforms. Sea serves customers worldwide.

<ul><li>Company started 16 years ago in Southeast Asia market</li><li>Operates three businesses: Garena, Shopee, Money</li><li>Transitioned from video game distributor to $100 billion market cap company through mobile Internet revolution and focus on local market sector</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Company started 16 years ago in Southeast Asia marketOperates three businesses: Garena, Shopee, MoneyTransitioned from video game distributor to $100 billion market cap company through mobile Internet revolution and focus on local market sectorThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Sea CEO: Gaming Empire, Southeast Asia Strategy and Humble Leadership

Market & Forensics Analyst, Beat the Street

Nimish Maheshwari

Market & Forensics Analyst

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>The Lok Sabha has passed the "Promotion and Regulation of Online Gaming Bill, 2025," which imposes a blanket ban on all online games involving money, regardless of skill or chance.</li>
<li>This legislation, combined with the earlier 28% GST on the full face value, signals a clear stance against the RMG sector, A INR 2 lakh crore industry.</li>
<li>The regulatory and tax changes have put the future of India's real money gaming industry at a critical stage, forcing companies to pivot or face potential collapse.</li>
</ul>


The Lok Sabha has passed the "Promotion and Regulation of Online Gaming Bill, 2025," which imposes a blanket ban on all online games involving money, regardless of skill or chance.
This legislation, combined with the earlier 28% GST on the full face value, signals a clear stance against the RMG sector, A INR 2 lakh crore industry.
The regulatory and tax changes have put the future of India's real money gaming industry at a critical stage, forcing companies to pivot or face potential collapse.


GAME OVER: Inside India’s Real Money Gaming Ban

Asustek Computer Inc. manufactures and markets computer motherboards, interface cards, notebook computers, and other related products.

<ul>
<li>ASUS experienced record 2Q25 revenue driven by 30–40% YoY growth in gaming and commercial PCs, supported by a new GPU sales strength and enterprise market expansion.</li>
<li>AI servers held mid-teens revenue share for ASUS; margin pressure from tariffs and FX expected to ease after 3Q.</li>
<li>Strong gaming and commercial PC momentum could signal PC upgrade activity in response to AI PCs, offering positive read-through for Dell and HPQ's upcoming results end-August.</li>
</ul>


ASUS experienced record 2Q25 revenue driven by 30–40% YoY growth in gaming and commercial PCs, supported by a new GPU sales strength and enterprise market expansion.
AI servers held mid-teens revenue share for ASUS; margin pressure from tariffs and FX expected to ease after 3Q.
Strong gaming and commercial PC momentum could signal PC upgrade activity in response to AI PCs, offering positive read-through for Dell and HPQ's upcoming results end-August.


PC Monitor: ASUS's Gaming & Commercial Strength Signal AI PC Cycle; Positive Read for Dell, HP

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>China’s gaming industry surged in the first half of 2025, posting its fastest growth in five years, fueled by hit mobile titles, rising e-sports revenues and the continued boom in mini-games.</li><li>According to an report released Thursday by the China Audio-Video and Digital Publishing Association at the ChinaJoy Digital Entertainment Conference in Shanghai, the domestic gaming market generated 168 billion yuan ($23 billion) in revenue from January to June, up 14.1% year-on-year.</li><li>The country counted 679 million gamers, a modest 0.7% rise, marking the fourth straight year of user growth below 1%.</li></ul>

China’s gaming industry surged in the first half of 2025, posting its fastest growth in five years, fueled by hit mobile titles, rising e-sports revenues and the continued boom in mini-games.According to an report released Thursday by the China Audio-Video and Digital Publishing Association at the ChinaJoy Digital Entertainment Conference in Shanghai, the domestic gaming market generated 168 billion yuan ($23 billion) in revenue from January to June, up 14.1% year-on-year.The country counted 679 million gamers, a modest 0.7% rise, marking the fourth straight year of user growth below 1%.

China Proves a Winner in the Gaming Market as Growth Hits a Five-Year High 