Tencent Peers on Watch Following Mixed Q2 Report (BIDU) (QIHU)

Tencent Holdings reports Q2 revs of RMB14.39 billion and EPS of RMB1.976, from revs of RMB13.55 billion and EPS of RMB2.17 reported in the same period last year.

Revenues from online advertising were RMB1,297.3 million (USD210.0 million), an increase of 52.7% QoQ or an increase of 47.5% YoY.

Revenues from eCommerce transactions were RMB2,199.4 million (USD356.0 million), an increase of 15.0% QoQ or an increase of 156.5% YoY.

Key platform statistics:

• Monthly active Instant Messaging ("IM") user accounts were 818.5 million, a decrease of 0.8% QoQ or an increase of 4.5% YoY.
  
• Peak simultaneous online IM user accounts were 173.2 million, an increase of 0.1% QoQ or an increase of 4.0% YoY.
  
• Combined MAU of Weixin and WeChat were 235.8 million, an increase of 21.3% QoQ or an increase of 176.8% YoY.
  
• Monthly active Qzone user accounts were 626.4 million, an increase of 2.5% QoQ or an increase of 4.8% YoY.
  
• Peak simultaneous online QQ Game Platform user accounts were 8.4 million, a decrease of 8.7% QoQ or a decrease of 4.5% YoY.
  
• Fee-based VAS registered subscriptions were 98.7 million, a decrease of 5.6% QoQ or a decrease of 9.7% YoY.

Investors are keeping an eye on names like Baidu (Nasdaq: BIDU), Sina Corp (Nasdaq: SINA), and Qihoo 360 (NYSE: QIHU) following the report.

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