HONG KONG: CLOSING WRAP, 30May2013

HK recovers nicely today; WeChat + Mengniu; Langham Hospitality nose dives; HK loses the top spot; Mainland shoppers reign supreme; Here’s what you missed today.

WeChat Hacked?

 

WeChat experienced errors in updating events this weekend. Although the official response was that this was due to a simple application packet file error. Many users fear the platform was hacked, and are scared about the security protocols WeChat uses to protect their personal data.

Sing Pao

HONG KONG: CLOSING WRAP, 22May2013

Black Rain makes for a half day; Tencent and mobile games; Galaxy Securities pops smalls; Barry Cheung should resign; MRT LRT driver Too Fast Too Furious; Here’s what happened today.

Tencent to enter mobile gaming market

From Want China Times:

Tencent Holdings, China’s largest internet company, said it is actively engaging in mobile game development in an effort to boost its sales and profit growth, Guangzhou-based Southern Metropolis Daily has reported.

HONG KONG: CLOSING WRAP, 21May2013

Ouch that hurts… Inflation; Tencent on intellectual property; ICAC to investigate HKMEx?; Galaxy Securities IPO already popping; The QDII through train; Here’s what you missed today.

Who owns WeChat posts?

Seriously if you expect intellectual property protection from a Chinese company you need to get your head examined.

From Tech In Asia:

Obviously, this doesn’t really clear up the question of who ultimately owns WeChat content. We’ve contacted Tencent for clarification as well, and will update this story when we hear back, but we also thought it might be prudent to check the terms and conditions for WeChat globally. These may differ from the terms users of the app must agree to in China, but the global terms don’t seem to address the question of who owns the content users create and transmit through WeChat one way or the other. Hmm.

HONG KONG: BEFORE THE OPEN, 16May2013

Tencent brought the goods last night with Q1 earnings, HSBC axing more bankers, Cathay traffic figures continue downward, and Timmy Tong might have some more mates in his jail cell. Here’s what you need to know before the open.

Tencent Q1 profit up 37.4% YoY to RMB4,071mm

MAU of Weixin and WeChat was 194mm up 228% YoY. Boom shakalaka!

Hong Kong Exchange

 

HONG KONG: BEFORE THE OPEN, 14May2013

Cntl+C, Cntl+V doesn’t work for Tencent

From Tech In Asia:

Tencent’s (HKG:0700) chat service QQ is used by over half a billion people and is China’s top app for iPhone and Android. When the QQ mobile apps got a radical update and make-over recently to make them look more like WeChat, Tencent probably thought it was a great idea. But the vast majority of QQ users disagree – to the point of anger, hatred, and vitriol.