Cheetah MobileCEO Fu Sheng
The rise of Today’s Toutiao cannot be copied
Hedgehog News · Less is More
01. Fu Sheng: The rise of Today’s Toutiao cannot be copied, we need to find other directions
On November 9, Cheetah Mobile ( Fu Sheng, CEO of Cheetah (hereinafter referred to as "Cheetah"), talked about the rise of Toutiao in an interview with Zhang Ying, founding partner of Matrix Partners China, "That opportunity is irretrievable. Imagine if Moments was on the first day Personalized, can Toutiao still stand up?” Previously, on November 8, Cheetah announced a strategic cooperation with Toutiao in the field of personalized content and social live broadcast: Toutiao participated in the Series B financing of Cheetah Mobile subsidiary Live.me. It invested US$50 million in Live.me and acquired News Republic, a news aggregation platform owned by Cheetah, for US$86.6 million.
headlines every day?
02. Apple intends to spend US$400 million to acquire the AR music recognition application Shazam
According to foreign media TechCrunch, Apple intends to acquire the music recognition application Shazam for US$400 million, and the official will officially announce it next Monday. Shazam was founded in London in 1999. In addition to the recognition of sound and image content such as music, movies, books, posters, etc., it is also currently doing business implementation in AR marketing. For example, when you use your mobile phone camera to scan objects with Shazam marks, You can watch 360-degree video content and accept coupons distributed by advertisers. It is understood that in the most recent round of financing in 2015, Shazam was valued at US$1.02 billion.
technology makes content dissemination competition more accessible.
03. The revenue of China’s game industry this year is nearly 220 billion yuan, accounting for 28% of the global share.
China Culture and Entertainment Industry Association recently (7th) released the "2017 China Game Industry Development Report". The report shows that the scale of the domestic game market has increased steadily this year, but the growth rate has slowed down, and different types of game markets have experienced uneven hotness and coldness. The overall operating revenue of China's gaming industry this year is nearly 220 billion yuan, a year-on-year increase of more than 23%. Among them, mobile games accounted for half of the online game market with an annual operating income of more than 110 billion yuan. However, because the quality of web games cannot meet the needs of players, the number of web game users continues to decrease, and the market size fell by 14.7% year-on-year.
is curious about the proportion of " King of Glory ".
04. Tencent’s first pan-entertainment e-sports complex landed in Beijing, with “Honor of Kings” city competition taking the lead
On December 10, Tencent E-sports and Chaojing Interactive Entertainment jointly built the first pan-entertainment e-sports complex—Beijing Chaoyang Hesheng Huihui was officially unveiled as a business ecosystem covering five major pan-entertainment content sectors: games, literature, animation, film and television, and e-sports. After the opening ceremony of the pan-entertainment e-sports complex, the "Honor of Kings" City Competition Beijing Finals, as the first landing event after the opening, was officially held on the afternoon of the same day at the Beijing Chaoyang Heshenghui site.
is optimistic about the future of e-sports.
05. New LeTV Entertainment Zhang Zhao talks about name change: Sun Hongbin insists on retaining the word "LeTV"
Zhang Zhao, chairman and CEO of New LeTV Entertainment, revealed in his speech at the "2017 China Business Leaders Annual Conference" that there were discussions on changing the name of LeTV. At the meeting, Sun Hongbin insisted on retaining the word "LeTV" and finally decided to change it to "New LeTV". He explained that LeTV's "cross-border" and "innovation" are LeTV's genes. "Of course many practices need to be changed, but retaining the word 'LeTV' shows that we need to have the spirit of 'Phoenix Nirvana' and also Believe in your original intention along the way."
has a good name, but the point is not the name.
06. Foreign media said that Toutiao is seeking financing with a valuation of approximately US$30 billion.
According to The Information website, sources revealed that Toutiao (a company owned by ByteDance) is seeking financing at a valuation of US$30 billion or higher. Contacts with some investors have already begun. At present, financing has not been completed. According to people familiar with the matter, Toutiao’s bottom line financing valuation is US$28 billion. The company has temporarily refused to disclose the specific financing situation.
surpassed the market value of Weibo.
07. Spotify, Tencent and Tencent Music Entertainment jointly announced equity investments
Tencent Music Entertainment and Spotify will purchase minority stakes in each other in cash. In addition, Tencent will purchase shares from existing Spotify shareholders. Upon completion of these transactions, Spotify will hold a minority stake in Tencent Music Entertainment, and Tencent and Tencent Music Entertainment will each hold a minority stake in Spotify. Is the
music library going to be updated?
08. Great Wall Film and Television : 158 million to acquire the equity of Zibo Great Wall from the controlling shareholder to improve the "full content + full industry chain" layout
Great Wall Film and Television (002071) announced on the evening of December 8 that the company planned to use cash for a price of 158 million yuan Acquired 83.34% equity of Zibo Great Wall held by the controlling shareholder Great Wall Group. After the acquisition is completed, Zibo Great Wall will become a holding subsidiary of the company. From January to September this year, Zibo Great Wall had operating income of 4.6959 million yuan and a net profit loss of 835,800 yuan. The company stated that this acquisition of Zibo Great Wall can further improve the company's strategic layout of "full content + full industry chain", expand the company's derivative monetization channels, and enhance the company's profitability.
relies on continuous acquisition to make profits?
09. Google Facebook accounts for 25% of global advertising revenue and 62% of online advertising revenue
According to Sina Technology News, data released today by the market research company Statista shows that Google and Facebook not only dominate the global online advertising market, but also dominate the overall online advertising market. and offline advertising market share is also as high as 25%. Data from Statista shows that Google and Facebook’s current share of the global online advertising market has reached 62%. By comparison, Google and Facebook had 58% of the market last year and 47% in 2012. Based on data from advertising research firm WARC, this means that Google and Facebook's share of the global advertising market will reach 25% this year. By comparison, Google and Facebook had 20% of the market last year and 9% in 2012.
One social and one search.
10. Second-hand book trading platform Duozhuoyu completed Series A financing
According to Duozhuoyu’s official public account, today, second-hand book trading platform Duozhuoyu’s Series A financing also completed delivery. DuoZhuYu was launched in May. Half a year later, its monthly transaction volume increased 129 times, and more than 100,000 books were received. The overall operations of Duozhaoyu are currently in Beijing.
What a magical resurrection of the book market.
Compilation | Tielin
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