Managing Director, Zero One, Zero One

Vincent Fernando, CFA

20 years of experience researching capital markets in Asia and the USA.

Managing Director, Zero One

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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

<p>ByteDance's TikTok just experienced its best quarter ever as total global downloads exceeded 2 billion for the short-form video app. Leveraging its successes, the company is now pushing further into search (through its mobile search engine Toutiao Search) while doubling down on the enterprise collaboration and EduTech sectors.</p><p>All this comes at a time when Baidu is still trying to turn around its business - cutting costs while searching for new growth drivers as its core search business experiences structural declines from changing consumer behaviors.</p>

ByteDance's TikTok just experienced its best quarter ever as total global downloads exceeded 2 billion for the short-form video app. Leveraging its successes, the company is now pushing further into search (through its mobile search engine Toutiao Search) while doubling down on the enterprise collaboration and EduTech sectors.All this comes at a time when Baidu is still trying to turn around its business - cutting costs while searching for new growth drivers as its core search business experiences structural declines from changing consumer behaviors.

新たなBATの台頭：バイトダンスがバイドゥのランチを狙ってワープスピードに突入