Sea Group

[haowenshan]

Spieleplattform, Handelsplattform, Payment - das Tencent-Pendant zu den Alibaba Aktivitäten in Südostasien

[R-BgO]

schon komisch, dass sie alles wieder separat an die Börse bringen...

[peac42]

Auf lange Sicht sehr grosses Potenzial

[R-BgO]

Antwort auf Beitrag Nr.: 60.361.903 von peac42 am 15.04.19 20:50:53

in beide Richtungen!

habe mir jetzt Sea noch überhaupt nicht angesehen, aber eines der Standardprobleme in China ist, dass man immer nur Anteile an VIE's bekommt, die letztlich überhaupt kein Eigentum an den underlying assets vermitteln;

man ist also vollkommen abhängig davon, ob Xi einem am Ende auch etwas überläßt

[haowenshan]

hmm, da hab ich mich wohl a bisserl missverständlich ausgedrückt. es ist kein tencent eigengewächs, sondern sie haben sich an einer gaming plattform gesellschaft (garena) aus singapur (?) beteiligt (mit der sie wohl vorher wirtschaftl. beziehungen hatten). aber VIEs gibts offenbar trotzdem (vietnam und taiwan):

• Garena Online Private Limited, our subsidiary established in Singapore on May 8, 2009, is an operating entity in our digital entertainment business in Singapore;
• Vietnam Esports Development Joint Stock Company, our VIE established in Vietnam on June 9, 2009, is an operating entity in our digital financial services business in Vietnam;
• Garena (Taiwan) Co., Ltd., our VIE established in Taiwan on March 8, 2010, is an operating entity in our digital entertainment business in Taiwan;
• Vietnam Esports and Entertainment Joint Stock Company, our VIE established in Vietnam on May 10, 2011, is an operating entity in our digital entertainment business in Vietnam;
• Garena Online (Thailand) Co., Ltd., our subsidiary established in Thailand on August 18, 2011, is an operating entity in our digital entertainment business in Thailand;
• Beetalk Private Limited, our subsidiary established in Singapore on May 28, 2012, is an operating entity in our online messaging business;
• PT. Garena Indonesia, our subsidiary established in Indonesia on December 6, 2012, is an operating entity in our digital entertainment business in Indonesia;
• Airpay (Thailand) Co., Ltd., our subsidiary established in Thailand on June 16, 2014, is an operating entity in our digital financial services business in Thailand;
• Shopee (Thailand) Co., Ltd., our subsidiary established in Thailand on February 2, 2015, is an operating entity in our e-commerce business in Thailand;
• Shopee Singapore Private Limited, our subsidiary established in Singapore on February 5, 2015, is an operating entity in our e-commerce business in Singapore;
• Shopee Company Limited, our subsidiary established in Vietnam on February 10, 2015, is an operating entity in our e-commerce business in Vietnam;


aber wie auch immer. ich denk, auch wirtschaftlich muss es nicht unbedingt ein selbstläufer sein...
ein paar infos:
https://techcrunch.com/2019/03/05/sea-is-raising-up-to-1-5b-…
https://techcrunch.com/2017/12/06/amazon-prime-singapore/

ich habs nur auf der watchlist..

[R-BgO]

Fred Liu // Hayden Capital ist ganz begeistert:

http://www.haydencapital.com/wp-content/uploads/Hayden-Capta…

[haowenshan]

da trifft er die Situation wohl gut auf den Punkt, muss mir noch überlegen, ob ich die "Wette" eingeh:

"The big issue is that Shopee is currently “buying revenues”. They’re subsidizing shipping costs, with no commissions in most of its countries. They’re essentially “pumping up the ecosystem” with external funding, trying to attract a diversity of sellers & buyers.
– Due to this, they lose money on every customer they acquire – not just on the initial CAC, but also on a recurring basis. The more their customers order, the more they lose.
– Since there’s no profits on a per customer level today, its almost impossible to do a valuation or IRR
on customer acquisition spend. Such an analysis involves too many moving parts, and estimates on future take-rates and timing.

• Competition is fierce, so the ability to suffer / being able to withstand more pain than your competitors / having access to funding can be a differentiator in winning"

[haowenshan]

hab mir in der Zwischenzeit ein paar Stücke zugelegt.
Zielgruppe für deren app wäre ich wohl nicht; aber ist schon interessant, was für Ansätze im e-commerce in Asien verfolgt werden..

https://www.thedrum.com/news/2019/06/07/e-commerce-live-stre…

[Wallstraat]

Die Zahlen sind wohl der Horror?! -13% vorbörslich

[haowenshan]

Antwort auf Beitrag Nr.: 61.298.989 von Wallstraat am 20.08.19 13:06:11

aja die zahlen sind da. gaspedal (und damit verbundenen cash-verbrauch) ordentlich durchgedrückt...

Guidance

We are raising the guidance for both digital entertainment and e-commerce for the full year of 2019.

We now expect adjusted revenue for digital entertainment to be between US$1.6 billion and US$1.7 billion, representing 142.0% to 157.2% growth from 2018. This compares to the previously disclosed guidance of between US$1.2 billion and US$1.3 billion, representing 81.5% to 96.7% growth.

We also expect adjusted revenue for e-commerce to be between US$780 million and US$820 million, representing 168.3% to 182.1% growth from 2018. This compares to the previously disclosed guidance of between US$630 million and US$660 million, representing 116.7% to 127.0% growth.

Net Loss

As a result of the foregoing, we had net losses of US$280.1 million and US$250.8 million in the second quarter of 2019 and 2018, respectively.