This is second of three articles about China technology companies.
Bilibili (BILI)
• Bilibili Inc. is a China-based company principally engaged in internet and other related businesses.
• It’s the clear leader in online entertainment for the younger generation.
• Mobile games are still the largest revenue contributor at ~50% of total revenue in 1Q20.
• New users average age was 20 with more than 50% coming from lower-tier cities in China.
• The company intends to be the “go to” video platform for younger people in China
• It has an ecosystem which helps it solidify its pole position with millennials
Tencent Interactive media & Services (TCEHY)
• Tencent Holdings provides value-added services (VAS) and online advertising services.
• The Company operates through three main segments.
• The VAS segment is mainly involved in provision of online/mobile games, community value-added services and applications across various Internet and mobile platforms.
• The Online Advertising segment is engaged in display based and performance based ads.
• Other segments provide payment related services, cloud services and other services.
Meituan Dianping (MPNGF)
• Meituan provides an e-commerce platform that uses technology to connect consumers and merchants.
• It connects consumers and businesses to provide services to people’s daily eating needs.
• It operates through food delivery, in-store, hotel & travel and new initiatives.
• The Company is also engaged in the operation of a bike-sharing brand called Mobike.
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Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV – Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in Pasadena, California.
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He has 50 years of experience in defending taxpayers audited by the IRS, FTB, EDD, BOE and other governmental agencies. He is publishing a book on his expertise – “HOW TO AVOID OR SURVIVE IRS AUDITS.” Our readers may inquire about the book or email tax questions at [email protected].