Reply to this post Where Alibaba crosses swords with its peers, life is much tougher. Alibaba reported excellent FQ3 17 results as growth in the other areas of its business augmented the Chinese retail juggernaut. FQ3 16 revenues / Adj-EPS was RMB53.2bn (US$7.7bn) / RMB9.02 compared to consensus estimates of RMB50.1bn / RMB7.70. Alibaba also...
Reply to this post Snapchat looks more like Twitter than Facebook. Snapchat appears to be intending to focus on engagement metrics to justify its $20bn-$25bn valuation in the coming IPO. I see this as a sure sign that real metrics such as revenue and profit will fall far short of that which a regular company...
Reply to this post Half a million is good but not enough. Latest data from Wave 7 is implying that Google devices have done better than my retail survey implied, but I don’t think that it has come close to capitalising on the open goal that Samsung and Amazon left for it in Q4 16....
Reply to this post Sale of Fabric collapses Twitter’s horizons. With the sale of Fabric to Google, Twitter has essentially given up all hope of becoming an ecosystem and its growth will be totally dependent on its ability to create engagement around media consumption. This means that a blue-sky scenario for Twitter will see it...
Reply to this post Small war chest means laser sharp strategy and execution needed. Chinese real estate developer Sunac has pumped $2.2bn into LeEco to get the fledgling Chinese ecsosystem back on track, but I still think it will need to dump autos to have a chance. Sunac is buying a 8.6% stake in Leishi...
Reply to this post Something must-have has to come out of the bag at launch. Essential Products Inc. is the latest in a long line of protagonists which is aiming to have a crack at the high end of the handset market and while it knows where it should compete, I am not convinced that...
Reply to this post Valuation lifted to $5bn but still 89% below last raise. Xiaomi has supplied some details of its performance for 2016 but reading between the lines implies that it is pinning all of its hopes for 2017 on its ecosystem devices outside of phones. There is no doubt that things were tough...
Reply to this post The woeful offline experience offers a real opportunity. It looks like Alibaba is about to take a leap into the offline world as it is the lead contender to buy a struggling retail chain in China for $2.6bn. The company in question is In Time Retail Group which operates 29 department...
Reply to this post I do not see the boldness required to save Sonos Sonos has announced a change in leadership with its 14 year veteran CEO / founder John MacFarlane handing over the reigns to President Patrick Spence who joined Sonos in 2012 as COO. Patrick Spence was previously with BlackBerry in a sales...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
LINE Q4 16 – Game off.
Reply to this post Gaming could save LINE but the focus appears to be elsewhere. LINE reported a difficult set of results which laid bare how difficult it will be to return to growth without expanding either its coverage of Digital Life or its user base. With the shares trading on 5.7x 2016A EV /...