NetEase, Tencent: Risk of Negative Games Revenue Surprises Skewed to Tencent, Rather than NetEase
In this insight, I analyse the potential for negative revenue growth surprises, and further earnings downgrades, for NetEase and Tencent, by...
382 Views
TME Facing the Music; Ends Exclusive Music Licensing Deals
TME announced that it has relinquished all of its exclusive music licensing agreements as per the order of the Chinese regulators. These music...
431 Views
TME: Says Order on Music Rights Have Some Impact but User Noās and ARPPU Already Under Pressure
TME has said that the regulatory order to give-up music rights will have some impact on its business operations, but we have observed that the...
328 Views
ECM Weekly (8th August 2021) - Li Auto, Cloud Village, CarTrade, Kakao Bank, Bukalapak, Huitongda
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
429 Views
CV Vs TME: Improving Financials and Outspending TME on Content Cost - Reason for Absence of Profits
Having access to exclusive music licensing helped TME dominate market, however, TME having to give-up on exclusive rights should offer a more level...
454 Views