The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Humble: US tech firms should fear competitive threat from Tencent and Alibaba
“I think U.S. Companies should be scared because the moment Tencent and Alibaba are already moving into other developing markets and they're going to be incredibly competitive because it's just built into their DNA.”
Riccitiello: Tencent's gaming and social network hybrid is the West's future
“Tencent created, I think, some weird admixture of If Netflix was a gaming platform and you were to marry it to a social network, then that's what you have in China. And that may be the future in some significant way in the West.”
Riccitiello: Call of Duty, Pokémon GO, and Honor of Kings use Unity
“At any given point in time, using mobile as an example, it's not just the top 100 we've cracked, but, you know, the fastest growing game in the world today, Call of Duty, or products like you know, Mario Kart Tour, Pokemon Go, Honor of Kings, the biggest game …”
Paulus: ZhongAn raised $1B at an $8B valuation backed by Alibaba
“I think another really interesting company that's flown under the radar a little bit is, is on on, and that's an insurance company backed by Alibaba and Tencent that's raised almost a billion dollars. And an eight billion dollar valuation, which would make it …”
Chan: Chinese VCs and Asian sovereign funds actively invest in US startups
“But that interest is coming from not just the major strategics like the Tencent, Alibaba, and the Chihus. They are very active out here, but it's also coming, now I see, from China VCs, and actually even sovereign wealth funds around Asia.”
Chan: Tencent earns 80% of revenue from gaming, not advertising
“I read a lot of articles that talk about Tencent, and they say that advertising is their main business model but people don't realize if you just look at their financial statements, advertising is less than 10% of their revenues, and 80% of their revenues are …”
Chan: Tencent caps WeChat Moments ads to just two per day
“And so on WeChat moments, your equivalent of your Facebook newsfeed, they've capped the number of ads to just two per day.”
Chan: Tencent's smart retail requires no human intervention
“Alibaba will call this concept New retail. Tencent will call this smart retail. The main difference being smart retail requires no human intervention.”
Chan: WeChat hosts over 10 million official accounts
“There are also ten million different official accounts out there, actually more than ten million, and a lot of them are unable to accept payments, and so once you enter in your payments once on the WeChat wallet you can basically use transactions throughout th…”