Trend overview:
This week (2022.3.212022.3.25), the SW media sector index fell 0.77%, the Shanghai stock index fell 1.27%, the Hang Seng technology index fell 0.84%, the Hang Seng China enterprise index rose 0.54%, the Hang Seng Index rose 0.86%, and the NASDAQ China technology stock index rose 0.42%.
Key event tracking:
We will raise Pico’s sales target this year, and Pico’s shipment is expected to increase significantly. A few days ago, it was reported that due to the marketing effect far exceeding the expectation, byte beat will raise the sales target of its company Pico’s VR products to 1.8 million units in 2022, compared with the original target of about 1 million units. According to IDC, Pico ranked first in China’s VR market share in 2020. By acquiring Pico, it has completed its position in the VR track. Tiktok tiktok volcano, special purchases for the Spring Festival, has increased its Wuxi Online Offline Communication Information Technology Co.Ltd(300959) marketing efforts. Bytes, such as the volcano’s small video, today’s headlines and jitter, have provided greater traffic support. During the Spring Festival of 2022, the stars of the stars were added to the “treasure house 2022” and “play VR Pico Pico” and other words. The PicoNeo3 also landed on the head office anchor Li Jiaqi and Luo Yonghao’s live broadcast room. Offline, Pico began to deploy offline experience stores and self-service machines in large shopping malls and shopping centers. With the strong support of byte beating + industrial development opportunities, Pico terminal shipments are expected to increase significantly in 2022.
With the rapid development of China’s cloud computing industry, the gap between leading manufacturers will gradually narrow. The Canalys report shows that in 2021, the momentum of the Chinese mainland was strong, and the cloud infrastructure services market grew by 45%, to a total of 27 billion 400 million dollars. In the fourth quarter of 2021, it grew steadily by 33% year-on-year to reach US $7.7 billion. Among them, Alibaba cloud remains the leader, ranking first in the cloud market in 2021; Huawei cloud and Tencent cloud ranked second and third respectively; Baidu AI cloud ranks fourth. With the process of digital transformation, we strongly recommend that there is still a huge space for the Chinese mainland’s cloud infrastructure market. Canalys predicts that by 2026, the scale of cloud infrastructure market in Chinese mainland will reach 85 billion US dollars, and the five year compound annual growth rate will be 25%. Alibaba cloud, Huawei cloud, Tencent cloud and other top players have advantages in capital, resources and ecology, and quickly seize market share. In 2021, the market share of the top four manufacturers in China’s cloud computing industry reached 80%. According to the annual report of listed companies, in 2021 (NATURAL), Tencent’s financial technology and enterprise service business revenue was 172.2 billion yuan, a year-on-year increase of 34.4%; Alibaba cloud’s revenue was 72.358 billion yuan, a year-on-year increase of 29.2%. In addition, Tencent said in its 2021 annual report that in view of the changes in the market environment, it is redefining the development focus of IAAs and PAAS, no longer simply pursuing revenue growth, and giving priority to expanding the scale of SaaS business rather than pursuing significant revenue. We expect that the market share gap between leading manufacturers in the cloud computing market will gradually narrow.
Risk tips: changes in regulatory policies, large fluctuations in the macro economy, lower than expected growth rate of the industry, repeated outbreaks have an impact on subdivided industries, etc.
