3-Bullet Sunday (Is It Safe to Invest in China? Timeless insight from Giannis, and Google Earning Results!)
Let's dissect what the VIE structure means!
A few readers have been asking if it is safe to invest in China tech and here is my answer 👇
Kidding! This is only half true.
When we invest in China companies, we actually don’t own the company, rather, we own a contract which states that we own the profits, voting rights, etc of the company.
To find out more, check out my latest post: Is Investing In China Safe? 🤷♂️
I. More On China!
I will be doing 2 live interviews online this week on what do all these regulatory changes in China mean for investors.
❗❗With The Financial Coconut on 3rd Aug, 9 pm (set reminder here!)
❗❗With SeedlyTV on 4th Aug, 8 pm (set reminder here!)
II. Timeless insight from 2021 NBA MVP Giannis Antetokounmpo
“When you focus on the past, that’s your ego. ... When I focus on the future, that's my pride. I try to focus on the present. That's humility.”
Clinging on to past accomplishments will hold us back from attaining success in the present. Don’t let our ego get in the way of achieving something great today.
III. Google Smashes Earnings!
Google went ahead and did it again.
Revenue grew 62% to $62B for Q2 2021
Operating income grew 203% to $19B, a margin of 31%.
What’s more amazing is the numbers Youtube is throwing off.
Youtube with a monster quarter growth of 84% Y/Y to hit a run-rate of $7B.
It now accounts for 11% of Google's revenue!
And we're still in the early innings.
Share of US TV Time in June 2021.
Streaming is still only 27%:
2% Prime Video
8% Other small platforms