Tencent china 900b wechat 259bstreetjournal

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Twitter Inc.пїЅ! пїЅпїЅs messa! ging and social media service had more than 200 million monthly active users, the San Francisco-based company said on its website Dec. The app's video conferencing ability is likened to Microsoft Corp. (FB), which had more than 1 billion monthly active members as of Sept. WeChat's photo-sharing function called 'Moments' operates with a timeline and cover-photo layout similar to that of Facebook Inc. The audio message function is similar to an application from WhatsApp Inc. Its core functions allow WeChat users to send text, image or audio messages. Sina shares have declined 9 percent in New York. Tencent gained 60 percent in Hong Kong trading this year, surpassing the 23 percent gain in the Hang Seng Index. 'The first opportunities in mobile will come from games and mobile commerce,' at which Tencent has a distinct advantage, she said.

'Sina's mobile traffic is large, but we're talking about positioning for mobile monetization,' Meng said. Sina's market capitalization is $ 3.1 billion, compared with Tencent's $ 59.7 billion, according to data compiled by Bloomberg.ДЄs people spend less time with their PCs, WeChat, known as Weixin in Chinese, gives Tencent a way to capture the explosive increase in the use of tablets and smartphones.Дespite its early lead in the mobile shift, Sina's advertising-driven business model ultimately won't keep pace with Tencent's e-commerce capability, said Cynthia Meng, a Hong Kong-based analyst with Jefferies Group Inc. In 2013, growth in profit will outpace Tencent's projected 28 percent pace, rising 64 percent to $ 42 million, according to the estimates. Meanwhile, Sina is projected to rebound from a loss and post a net income of $ 25.7 million in 2012, according to the average of 17 analysts' estimates. It would be the slowest pace since a 9 percent gain in 2005, according to data compiled by Bloomberg. That's down from 27 per! cent in 2011, and less than half the 56 percent profit growth in 2010. Tencent's net income is projected to increase 24 percent to 12.6 billion yuan ($ 2 billion) this year, according to the average of 19 analysts' estimates compiled by Bloomberg.

Now, casual gaming on smartphones and tablets is eating into the growth of gaming on PCs. For the past decade, online games such as 'Dungeon & Fighter' and 'Cross Fire' propelled Tencent's growth and contributed 56 percent of revenue in 2011.

Tencent, founded in Shenzhen in 1998 with an instant- messaging service called QQ, started its QQ Game Portal in 2003. He hasn't forecast the amount of sales yet.

TENCENT CHINA 900B WECHAT 259BSTREETJOURNAL FREE

Tam projects the free WeChat app will begin contributing to sales in 2013.

TENCENT CHINA 900B WECHAT 259BSTREETJOURNAL DRIVER

'WeChat can replace online games as a growth driver in coming years.' 'Implementation of WeChat will help Tencent get into a new growth stage, as the company has traditionally relied on online games,' said Kevin Tam, an analyst at Core Pacific-Yamaichi in Hong Kong. Tencent is counting on WeChat to close the gap. Sina is projected by analysts to turn from a loss to a profit in 2012, and net income growth next year is estimated to be more than double Tencent's. The trend is pulling users away from Tencent's offerings toward competitors like Sina (SINA) Corp.'s Twitter-like Weibo microblog, which built a user base of 424 million as of September. The problem: a shift in Internet usage from personal computers to smartphones and tablets.

That's welcome news for Shenzhen-based Tencent, which this year faces its second-slowest annual profit growth since it listed on the Hong Kong Stock Exchange in 2004. WeChat's user base could double to 400 million within three years, providing the chance for China's biggest Internet company to boost revenue by adding mobile e-commerce and location-based advertising, Core Pacific-Yamaichi International (H.K.) Ltd. While Lai, 23, is still looking, Tencent has found a hit. It already has 200 million users, including Lai Jingkui, a teacher in China's southern Zhuhai city, who uses the 'Drift Bottle' function to find friends. (700) introduced a mobile instant-message application called WeChat. Just two years ago next month, Tencent Holdings Ltd.

Tencent china 900b wechat 259bstreetjournal