Industry events
① digital RMB (pilot version) app is on the shelves in major app stores. The digital RMB (pilot version) app has been put on the shelves in major android app stores and Apple App Stores. The digital RMB (pilot version) app is an official service platform for the pilot of China’s legal digital currency for individual users, providing the opening and management of digital RMB personal wallet, and the exchange and circulation of digital RMB.
② opensea announced the completion of round C financing of US $300 million. NFT market opensea announced that it had completed a round C financing of US $300 million, the company’s valuation was US $13 billion, and hedge fund coatuemanagement was the leading investor. Devin finzer, co-founder and CEO of opensea, said in his blog that the goal of using this fund is to accelerate product development, significantly improve customer support and security, and make meaningful investment and development teams in the wider NFT and Web3 communities.
③ Sony launched a new generation of VR head display psvr2 and exclusive games. On January 5, at the ces2022 conference, Sony officially launched the second generation VR head mounted display Playstation VR2, and also released a preview of the new game “call of the mountain” for the new generation VR head mounted display. Psvr2 with upgraded head mounted display and vr2sense controller will support 4khdr and monocular 2000 × 2040p resolution, 90 / 120Hz refresh rate, 110 ° field of view and point of interest rendering.
④ Tencent reduced its stake in sea and lost its super voting right. On January 4, Tencent holdings announced the reduction of its shares in sea limited, reducing Tencent’s equity in sea from 21.3% to 18.7%. Tencent will convert all its class B shares into class A shares, and sea plans to increase the voting rights of class B shares from the current 3 votes per share to 15 votes. Since then, Tencent’s voting rights in sea are expected to be reduced to less than 10%. The latter business includes online game Garena, e-commerce platform shopee and digital payment service airpay.
⑤ Ali adjusted China’s digital commerce sector and fully opened up tmall on Taobao. Dai Shan, president in charge of China digital commerce of Alibaba group, issued an internal letter to adjust the structure of big Taobao. On the basis of adhering to the dual brand operation of Taobao and tmall, three new centers are established, including industrial operation and development, platform strategy, user operation and development. After this round of adjustment, Taobao will form a unified platform mechanism.
Investment strategy
Compared with zhonggai shares, the attraction of Hong Kong stock Internet to investors is expected to improve, and the Hong Kong stock market may become an important scene for long-term Internet configuration. In December 2021, the implementation rules of hfcaa in the United States will be improved, focusing on the audit. After the implementation of the Regulatory Act in the United States, zhonggai shares will face some uncertainty, or enhance the willingness of investors to allocate funds to the Hong Kong stock Internet. In addition, the HKEx lowered the threshold for secondary listing, and the new regulations will be implemented from January 1, 2022, further strengthening the attraction of the Hong Kong stock market, which is expected to promote the thickening of transaction volume in the Hong Kong stock market in the future. From the perspective of employees and organizational structure, Internet companies will focus more on their main business and pay attention to fine and high-quality development in the future. Game section: game going to sea is the future trend. Pay attention to Tencent Netease going to sea.
Recommended portfolio: it is recommended to lay out high-quality assets in the long term and pay attention to the continuous iteration of meta universe technology. In terms of individual stocks, it is suggested to pay attention to the adjustment of organizational structure and focus on meituan in retail; In the game sector, there is an opportunity to go to sea. It is suggested to pay attention to the establishment of Tianmei F1 studio, Tencent holdings, which speeds up the overseas layout, launch Netease, a global IP mobile game Harry Potter, and Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) carried by the P & S model and subsequent SLG product iterations to accelerate the performance of going to sea; Absolute return target of a shares: it is recommended to focus on Mango Excellent Media Co.Ltd(300413) with the advantage of long video content, launch virtual hosts Xiaoyang and Yaoyao, and layout mango metauniverse.
Risk tips
Macroeconomic risk is lower than expected, meta cosmic technology iteration and application risk is lower than expected, and policy risk.
