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650-292 TelePresence Video Sales Specialist

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650-292 exam Dumps Source : TelePresence Video Sales Specialist

Test Code : 650-292
Test appellation : TelePresence Video Sales Specialist
Vendor appellation : Cisco
real questions : 58 real Questions

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650-292 Questions and answers required to pass the certification examination at the start attempt.
Your question bank is requisite of the hour. I beget got 89.1% in the 650-292 exam. Very well-behaved wishes for your experts. Thank you Team. so delighted to lucid this exam. Your study material was extremely useful, clear, consise, covering entire material and suberb stacking of questions to compose one tenacious preparation. Thanks again to you and your team.


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CDW diagnosed as Cisco TelePresence Video master licensed technology issuer associate | killexams.com real Questions and Pass4sure dumps

VERNON HILLS, ill.--(company WIRE)--CDW announced these days that it has performed TelePresence Video master approved know-how provider (ATP) popularity from Cisco. This designation recognizes CDW, a Cisco Gold partner, as having fulfilled the practising necessities and software necessities to promote, install and support Cisco TelePresence Video items and options at the grasp stage.

The Cisco TelePresence Video grasp ATP application offers a brand novel manner of working by which each person, everywhere will also exist extra productive via face-to-face collaboration over Cisco TelePresence Video options. A Cisco TelePresence Video master ATP companion has the top-rated depth of advantage and skill in deploying the total Cisco video endpoint portfolio, which contains single- and triple-display Cisco TelePresence contraptions, customized TelePresence suites and infrastructure options. Cisco TelePresence Video master ATP companions possess deep networking and superior Cisco Unified Communications capabilities, regional to international coverage and a robust and mature features follow.

“CDW is disdainful to add Cisco TelePresence Video grasp ATP associate to their Cisco master Certifications in unified communications, managed functions and safety. this is a brilliant accomplishment in their business,” said Christine Holloway, vice president of converged infrastructure solutions, CDW. “As attested by means of the eight Cisco accomplice of the 12 months awards they got past this 12 months, CDW has a a success, long-time period partnership with Cisco that permits us to constantly meet their clients’ precise technology wants. They cost Cisco’s capabilities in telepresence, and are excited to work with their purchasers as they adopt this ingenious know-how.”

“The Cisco TelePresence Video grasp ATP software is designed to permit partners to seize advantage of the tremendous market alternatives ahead – now not most efficacious within the telepresence house however additionally within the criterion collaboration market,” spoke of Richard McLeod, senior director of collaboration for worldwide channels at Cisco. “As a Cisco TelePresence Video master ATP accomplice, CDW has made an investment within the sales, technical and existence cycle services capabilities essential to bring the industry’s most comprehensive and interoperable Cisco TelePresence Video portfolio.”

The Cisco approved know-how company (ATP) program is Part of the Cisco go-to-market strategy for rising applied sciences. The software helps Cisco to outline the potential, lore and features that channel companions need to effectively sell, deploy and aid an emerging expertise. as the market alterations, an ATP designation can exist discontinued or may also evolve perquisite into a Cisco specialization.

in regards to the Cisco TelePresence and Video Collaboration solution

Cisco TelePresence® and Video collaboration options provide existence-like, excessive-definition, conferencing facilities with advanced audio and video, allowing contributors to fullfil their colleagues, shoppers and company partners throughout a virtual table. members can beget fun with a equal-room meeting journey, even though they are located in different locations each and every over. contributors can additionally meet greater often and revel in more productive periods, assisting to multiply company interactions while probably constructing greater client relationships, accelerating income cycles, improving stint management and forming tighter integration with far off places of work.

About CDW

CDW is a number one provider of expertise solutions for enterprise, govt, schooling and healthcare. Ranked No. 32 on Forbes’ checklist of america’s greatest private businesses, CDW elements committed account managers who assist clients select the redress expertise products and capabilities to meet their needs. The enterprise’s solution architects present skills in designing custom-made solutions, whereas its superior expertise engineers support customers with the implementation and lengthy-term administration of these options. Areas of focus embrace utility, community communications, notebooks/mobile devices, statistics storage, video displays, computers, printers and options equivalent to virtualization, collaboration, protection, mobility, records middle optimization and cloud computing. CDW become based in 1984 and employs more than 6,600 coworkers. For the trailing twelve months ended September 30, 2011, the enterprise generated revenue of $9.4 billion. For extra assistance, contend with CDW.com.

Cisco, the Cisco brand and Cisco TelePresence are emblems or registered emblems of Cisco and/or its associates within the U.S. and different countries. a catalogue of Cisco's logos can exist organize at www.cisco.com/go/emblems.


BlueWater technologies identified as Cisco TelePresence Video categorical approved technology provider accomplice within the united states | killexams.com real Questions and Pass4sure dumps

SOUTHFIELD, MI--(Marketwire -10/18/11)- BlueWater technologies announced today that it has finished TelePresence Video express authorized know-how issuer (ATP) reputation from Cisco. This designation acknowledges BlueWater as having fulfilled the training necessities and program pre-requisites to sell, install and succor Cisco TelePresence Video products and options on the categorical degree.

The Cisco TelePresence Video categorical ATP program is concentrated on featuring a brand novel manner of working, in which every person, everywhere can also exist greater productive via face-to-face collaboration with TelePresence Video options. The express-level program's purpose is to enable companions to market Cisco TelePresence Video endpoints, present targeted infrastructure options, and differentiate themselves in keeping with their breadth of captivating audiovisual integration potential.

"individuals and partners are my basic focus," pointed out BlueWater applied sciences' Director of income Mack Truax. "Cisco exemplifies the nature of complementary partnership they strategically align ourselves with to expand their expertise offerings to their shoppers."

"The Cisco TelePresence Video specific ATP application is designed to enable partners to seize potential of the great market opportunities ahead -- no longer best in the telepresence district but also within the generic collaboration market," stated Richard McLeod, senior director of collaboration for worldwide channels at Cisco. "As a Cisco TelePresence Video specific ATP companion, BlueWater has made an investment within the income, technical and existence cycle capabilities capabilities to bring the business's most complete and interoperable Cisco TelePresence Video portfolio."

The Cisco approved technology provider (ATP) application is a component of the Cisco go-to-market approach for emerging applied sciences. The application helps Cisco to define the competencies, expertise and services that channel partners requisite to successfully sell, install and aid an emerging expertise. as the market adjustments, an ATP designation may exist discontinued or might also evolve perquisite into a Cisco specialization.

About Cisco TelePresence and Video Collaboration SolutionsCisco TelePresence® and Video collaboration options supply life-like, high-definition, conferencing amenities with sophisticated audio and video, allowing individuals to meet their colleagues, shoppers and industry partners throughout a virtual table. participants can delight in a identical-room assembly experience, notwithstanding they can exist organize in discrete areas worldwide. contributors can additionally meet extra commonly and luxuriate in extra productive sessions, helping to multiply company interactions while doubtlessly structure improved client relationships, accelerating sales cycles, improving project management and forming tighter integration with remote offices.

About BlueWater TechnologiesDriven via know-how, BlueWater technologies has greater than 25 years journey of helping its consumers combine with thousands and thousands of valued clientele and employees each day with its ingenious know-how solutions. originally subject as a customized AV apartment and staging condo, BlueWater developed perquisite into a country wide provider of In shop options & technology driven shows, Audio visual Integration, and meeting & adventure technology. BlueWater specializes in the design, engineering and implementation of customized know-how options for are vital activities, video conferencing, experiential advertising, interactive displays, lead generation capabilities, and extra that exceeds its purchasers' expectations. gain lore of greater about BlueWater at www.BlueWaterTech.com.

Cisco, the Cisco emblem and Cisco TelePresence are trademarks or registered trademarks of Cisco and/or its associates in the U.S. and different countries. a catalogue of Cisco's emblems will also exist organize at www.cisco.com/go/logos.


650-292 TelePresence Video Sales Specialist

Study guide Prepared by Killexams.com Cisco Dumps Experts


Killexams.com 650-292 Dumps and real Questions

100% real Questions - Exam Pass Guarantee with elevated Marks - Just Memorize the Answers



650-292 exam Dumps Source : TelePresence Video Sales Specialist

Test Code : 650-292
Test appellation : TelePresence Video Sales Specialist
Vendor appellation : Cisco
real questions : 58 real Questions

advantages modern-day 650-292 certification.
I wanted to originate my own IT commercial enterprise however earlier than it, 650-292 path was significant for my business, so I determine to rep this certificate. When I took the admission for 650-292 certification and took lectures I didnt recognize whatever. After some question I reached at killexams.Com website and learnt from their and while my 650-292 exam got here I did well as examine to the ones college students who took lectures and organized from 650-292 study at manual from this website. I recommend this internet site to all. I additionally thank to the employees of this internet site.


What beget a study at manual finish I requisite to bypass 650-292 exam?
Heres yet another vote for killexams.com because the pleasant manner to build together for 650-292 examination. I opted for this kit to prepare for my 650-292 exam. I didnt set my hopes too elevated and saved an eye fixed on the professional syllabus to ensure I finish not pass over any subjects, and it turned out that killexams.com had them each and every covered. The practise became very tenacious and i felt confident at the exam day. And what in reality made killexams.com high-quality become the jiffy when Ifound out their questions were exactly similar to what actual examination had. simply as promised (which I didnt in reality matter on to exist genuine - you know the pass it really works from time to time!). So, that is extraordinary. Dont hesitate, proceed for it.


650-292 Questions and answers required to pass the certification examination at the start attempt.
Your question bank is requisite of the hour. I beget got 89.1% in the 650-292 exam. Very well-behaved wishes for your experts. Thank you Team. so delighted to lucid this exam. Your study material was extremely useful, clear, consise, covering entire material and suberb stacking of questions to compose one tenacious preparation. Thanks again to you and your team.


were given most 650-292 Quiz in actual test that I organized.
Though I even beget enough heritage and revel in in IT, I expected the 650-292 examination to exist simpler. killexams.com has stored my time and money, with out those QAs I might beget failed the 650-292 examination. I got burdened for few questions, so I nearly had to guess, however this is my fault. I requisite to beget memorized properly and pay attention the questions better. Its exact to realize that I surpassed the 650-292 exam.


Got no problem! 3 days preparation of 650-292 Latest dumps is required.
i beget handed the 650-292 exam with this! this is the primary time I used killexams.com, however now I recognise its not gonna exist the closing one! With the practice exams and actual questions, taking this exam turned into extraordinarily easy. that is a extremely well-behaved manner to rep certified - which might exist not anything affection whatever else. If youve been through any in their checks, youll understand what I imply. 650-292 is hard, but killexams.com is a blessing!


preparing 650-292 exam is bethink brand novel a few hours now.
I used killexams.Com real questions fabric which offers enough information to acquire my purpose. I constantly usually memorize the things before going for any exam, but that is the only one exam, which I took without absolutely memorizing the wanted things. I thanks truly from the lowest of my coronary coronary heart. I can further to you for my subsequent exam.


Do you requisite dumps modern-day 650-292 exam to skip the examination?
I wanted to disclose you that in past in project that i might in no pass exist capable of pass the 650-292 seize a study at. However after Itake the 650-292 education then I came to recognise that the web offerings and material is the excellent bro! And once I gave the exams I handed it in first attempt. I knowledgeable my friends about it, moreover they genesis the 650-292 schooling form proper here and locating it sincerely first-rate. Its my excellent value ever. Thank you


I requisite real exam questions of 650-292 exam.
The inquiries are valid. Basically indistinguishable to the 650-292 exam which I exceeded in just half-hour of the time. If notindistinguishable, a extraordinary deal of stuff can exist very an irascible lot alike, so you can conquer it furnished for you had invested enough making plans strength. I was a chunk cautious; but killexams.Com real questions and examSimulator has became out to exist a sturdy hotspot for exam readiness illumination. Profoundly proposed. Thank youso lots.


those 650-292 Questions and solutions present suitable exam know-how.
650-292 examination changed into my motive for this 12 months. A totally prolonged novel Years option to position it in complete 650-292 . I honestly notionthat analyzing for this examination, making geared up to bypass and sitting the 650-292 examination will exist just as crazy as itsounds. Thankfully, i discovered some critiques of killexams.Com online and determined to employ it. It ended up being absolutely well worth it because the package deal had protected every query I beget been given on the 650-292 exam. I passed the 650-292 absolutely pressure-unfastened and came out of the trying out middle satisfied and comfortable. Clearly well well worth the coins, I suppose this is the high-quality exam enjoyfeasible.


Can you believe, each and every 650-292 questions I prepared were asked.
I moreover had a splendid revel in with this training set, which led me to passing the 650-292 exam with over ninety eight%. The questions are real and valid, and the checking out engine is a tremendous/guidance device, despite the fact that youre no longer planning on taking the examination and sincerely want to expand your horizons and enlarge your knowledge. Ive given mine to a pal, who also works on this district but clearly received her CCNA. What I imply is its a splendid reading device for absolutely everyone. And if you project to seize the 650-292 exam, this is a stairway to achievement :)


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TelePresence Video Sales Specialist

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Motorola Xoom Tablet Gets Telepresence from Polycom | killexams.com real questions and Pass4sure dumps

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Global Telepresence Robots Device Market Anticipated To compass $7 Billion By 2022: MarketResearchReports.biz | killexams.com real questions and Pass4sure dumps

April 05, 2016 07:12 ET | Source: MarketResearchReports.Biz

Albany NY, April 05, 2016 (GLOBE NEWSWIRE) -- The trait of remote communication is uplifted by the robotic platform approach to connecting people located in different places.  The visualization provided by the telepresence robot is not reproducible by the smartphone and great telepresence systems are not mobile.  So ultimately each and every people will want access to telepresence robots in order to hobble around and observe for themselves what is going on in another place. 

Clearly terrorism is here to stay.  As nationalistic wars decline as a pass to settle disputes, terrorism has emerged in spades.  The recent terrorist attacks in Boston, Paris, and Belgium illustrate the risk that civilian populations are exposed to.  Telepresence robots portray the best and perhaps final line of defense against terrorists.  Telepresence robots can proceed where no man or woman can go, they can proceed safer, they can proceed faster, they can provide a presence that might not exist achieved in any other way. 

There are more civil uses for telepresence robots:  in education, healthcare, business, and manufacturing.  People can drive a telepresence robot around a work environment, around a school, around a hospital to compass people that they night otherwise beget a difficult time contacting. 

Remote telepresence healthcare diagnosis and treatment market is especially significant for the treatment of stroke.  Stroke damage can exist mitigated if symptoms are treated within 4 hours of the onset of symptoms, otherwise the stroke damage is likely permanent.  Global telehealth partnerships.  The smooth is to integrate diagnostic tools into tele-stroke solutions. 

Stroke occurs when a vessel in the brain ruptures or is blocked by a blood clot.  There are two types of strokes: hemorrhagic and ischemic.  An ischemic stroke occurs as a result of an obstruction within a blood vessel supplying blood to the brain, which accounts for 87% of each and every stroke cases.  A hemorrhagic stroke occurs when a weakened blood vessel ruptures and spills blood into brain tissue.  800,000 people in the U.S. and 15 million people worldwide suffer a stroke each year.

These markets portend to exist very great worldwide and portray well-behaved uses of telepresence.  The talent of a clinician specialist to diagnose and initiate immediate treatment of a stroke from a gold course or other location is lifesaving.  

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Manufacturing and engineering telepresence robot uses are expected to proliferate.  Monitoring and telepresence are being combined to achieve remote repairs that provide better customer services at lower cost.  Manufacturing and engineering resources for companies frequently are in different places.  The very is exact for IT, the software developer engineers and the software IT users are frequently located in different places.  It is useful to beget a mobile device that can exist controlled by the engineer to proceed beget a study around when a danger convene comes in from a site. 

A remote telepresence device can employ monitoring and telepresence to achieve remote repairs.  The talent to integrate the remote physical location with the engineer who knows the system often involves travel, sometimes long arduous travel.  Telepresence and mobile video telecommunications technologies can exist very useful in postponing or eliminating the travel. 

A mobile, real-time, 3D-hybrid telepresence system permits the user to proceed and beget a study around and talk to different people about the problem without actually being there.  Integration of telepresence images with computer generated virtual environments can exist superimposed over the remote real worldview. This integrated system incorporates emerging mobile telecommunications technologies to give rapid and light access to the real and virtual construction sites from arbitrary locations.  This system allows remote surveillance of the construction site, and integration of real world images of the site with virtual reality representations, derived from planning models, for progress monitoring.

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What Investors Should Know About Tencent Music's IPO | killexams.com real questions and Pass4sure dumps

Tencent (NASDAQOTH:TCEHY) Music is kind of affection the Spotify (NYSE:SPOT) of China, if Spotify was profitable and also Part live-streaming platform. In just a few weeks, you'll exist able to buy shares of the spin-off.

In this episode of Industry Focus: Tech, host Dylan Lewis and Motley Fool contributor Evan Niu interpret what the company does, its biggest opportunities, and some risks investors should watch out for. snoopy about how audience tips and gifts made up a huge chunk of Tencent's revenue? Wondering how a music-streaming platform is churning out revenue in the first place? What's the growth runway really affection for the biggest music-streaming platform when it already has 800 million users? Why was the IPO delayed, and for how long? What can Tencent Music disclose us about Amazon's (NASDAQ:AMZN) Twitch? Tune in and find out.

A replete transcript follows the video.

This video was recorded on Oct. 12, 2018.

Dylan Lewis: Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. It is Friday, October 12th, and we're talking about one of the biggest tech IPOs of 2018, and why investors are going to beget to wait just a slight bit longer for it. I'm your host, Dylan Lewis, and I'm joined on Skype by senior tech specialist, Evan Niu. Evan, what's up?

Evan Niu: Not too much.

Lewis: We beget done a lot of shows on the ____ of China. They beget another industry that they are going to exist talking about today that fits that bill. That is Tencent Music.

Niu: Right. You could convene it the Spotify, you can also convene it the Twitch of China. Both felicitous that fun slight ____ of China.

Lewis: Y alluded to that there, there's kind of a hybrid industry model that we'll rep into. Some of it is going to exist very close to people that supervene Spotify and the streaming music space. Some of it is going to exist very close to people that supervene the Twitch and gaming space here. It's a fun one for us. This is a company that was suppositious to exist going public relatively soon. More on that later. Those plans beget changed. It is the largest online music platform in China, over 800 million mobile energetic users across its four properties. You mentioned, it's the Spotify of China, kind of. They beget this conventional streaming content approach. This is music, video, studio, live music recordings. That each and every happens within some of these portfolio products they beget -- QQ Music and KuGou Music platforms. It looks a lot affection Spotify, Evan.

Niu: I would also mention that at 800 million users, that makes them not only the biggest service in China, but also the world. If you compare that, their online music, they beget about 650 million users, of which 25 million are paid. For reference, Spotify has 100 million free and 85 million paid. Apple Music, of course, has no free tier. They only beget a paid version, which they beget 40 million. Tencent Music is enormous, in terms of users. 

Lewis: This is the Part of the model that will feel close to most folks. It's paid subscriptions, digital music sales, and online advertising. They also beget something that is quite a bit different than what they mediate of with the online music space. That is their convivial entertainment services. When I mediate of this, it's primarily the Wesing platform that they have.

Niu: This is things affection karaoke and slight live music performances. Tencent Music mentioned in their F-1 registration statement that the Chinese market for live offline music performances has always been very minute because it hasn't been very accessible compared to the U.S. Here, they affection to proceed out and observe shows and observe bands pretty commonly. It's a pretty huge industry here. Over there, the market is just so small. That's created this alternative market, require for live streaming online performances instead. 

Lewis: As for what this experience looks like, it's video sharing, it's karaoke parties, it's virtual karaoke rooms, and I mediate even some duets with celebrities. kind of unlike anything they beget here in the United States. But, it's very similar, if you port over to the gaming side of things and mediate about Twitch and the project of this shared experience, even though it's a digital experience, doing video game walkthroughs with people and watching people play. The monetization for this nature of industry is very similar to Twitch. Its paid subscriptions, its gifts, its online mini payments, the pass you would almost beget with a video game.

Niu: Right. On Twitch, people might not exist close with how Twitch works. It's predominantly video games and e-sports. You're live streaming yourself playing a game and you beget these viewers that will contribute cash donations as well as, affection you mentioned, these virtual gifts or paid subscriptions to their channels. Basically, instead of just video games over in Asia, they beget each and every sorts of different types of ways to create this entertainment with these live streaming platforms. For example, in Korea, people in Korea affection to watch people eat. People live stream themselves eating. In China, it's karaoke and other live music performances. 

Lewis: This is not a minute portion of the pie for Tencent Music. In 2017, 71% of the company's top line came from the virtual gifts and premium membership segment, which is to sigh that 30% came from the streaming music operations that are close to us when they mediate Spotify. It's a very different model than what I mediate a lot of people are expecting when they hear "the Spotify of China."

Niu: Right. The industry is really built on this convivial entertainment Part of the business. And as we've talked about before, Spotify has to pay these huge royalty costs. They're unprofitable. But Tencent Music is very profitable. They had about a 20% net margin the first half of the year. To build some more numbers to it, the convivial entertainment user side, they beget about 230 million users, of which 10 million pay. If you study at the average revenue per user on each side of this business, on the music side, converted roughly from yuan, it's about $1.27. average revenue per user on the convivial entertainment side is $16.28. That's almost 13X greater than the music side. We're talking about half as many users on the convivial entertainment side contributing, as you mentioned, 70% of revenue. It's just a huge, huge industry for them.

Lewis: Right. When they started doing their digging on this company, I was thinking, "OK, here comes another high-growth platform tech company. It's not going to exist profitable." The thing I was most immediately struck with was $1.6 billion in revenue and a profit. $240 million in profit in 2017. So far, for the first half of 2018, the company's build up $1.3 billion in sales and already topped their 2017 net income figure. This industry scales a lot better and a lot more immediately than what they observe here in the U.S. with Spotify.

Niu: Right. The cost structure is totally different. If you study at Spotify's numbers, 70-80% of their revenue goes toward royalty costs. On Tencent Music, I would imagine their music industry is roughly the same, since they also beget to beget similar licensing agreements. But on the convivial entertainment side, which, as they talked about, is much bigger, their main costs are revenue sharing arrangements with the content creators and things affection that, so you don't beget as much royalty burden.

Lewis: It's rare to rep a bundle of high-growth company, profitable, silent a pretty huge growth runway in front of it. It seems affection that's what they beget here. But I mediate it's significant to understand what's going on and where the growth levers really palter for this company. When I study at their growth figures, about 650 million monthly energetic users on the online music services. You mentioned before just over 200 million monthly actives on convivial entertainment. The growth rates for them beget been relatively low as of the most recent quarters. For the online music services, it's the low lone digits. I believe convivial entertainment was somewhere around 14% year over year recently. They mediate about the 1.4 billion number for the Chinese markets, but I silent mediate that a lot of this has been realized already. I mediate there's already some market saturation happening with their user base.

Niu: I finish mediate that in the longer-term, they silent beget plenty of upside. Internet penetration in China is silent around the 40% level. affection you mentioned, at 1.4 billion total population in China, and I mediate the total internet users in the country are somewhere around 800 million. You silent beget hundreds of millions of people that beget to rep online. How snappy that happens, of course, is a slight bit harder to predict. But I finish think, over the long-term, they should beget no shortage of users to support getting on this platform. 

Lewis: Yeah. That's definitely more of a short-term outlook for me. The next yoke of years, I mediate for the most part, a lot of the growth that they observe with them, particularly on the top line, is going to exist driven by its existing user base. perquisite now, their pay rate among users is very low. 3.6% pay for online music services. 4.2% pay for convivial entertainment services. That's a huge occasion for them, but I mediate it also speaks to the customer expectation and the dynamic. Both of those rates beget been growing over time, but they are low when you esteem the overall foundation of users they have.

Niu: One quick note that I mediate is worth acknowledging is that the pass that they report their paying users is, they only matter people that beget subscriptions. If you beget an à la carte purchase of some digital music, they actually don't matter you as a paying user, even though you actually are paying, obviously. It is something captivating there in how they report. It's another thing for investors to support an eye on.

Lewis: That is why you beget to read the prospectus, Evan. remarkable point there. I think, looking at these numbers, the challenge for them is going to exist getting more users to pay for the service, and getting users to pay more once they are paying for the service. So, that is their average revenue per paying user number. It has generally been up on the convivial entertainment side. Streaming music has been each and every over the district for them on an ARPU basis. I'm not really positive what's going on there. There's been no consistency on a year over year or sequential basis, in terms of growth.

Niu: Right. Generally speaking, a lot of Chinese consumers, Part of the mentality is, they don't really affection paying for things online. But, when you talk about the entertainment experience Part of it, I mediate there is greater propensity to actually open up the walls and contribute to these performers that are actually providing entertainment to them. So, I finish mediate it is a pretty stark contrast. And you can observe it played out in the ARPU numbers, too.

Lewis: Evan, as the company appellation might suggest, Tencent Music has a pretty huge strategic ally as it looks at the mobile space in China.

Niu: Right. They're owned by parent company Tencent, which owns about 60%, I mediate 58% of outstanding shares. They're obviously going to beget majority control, pretty much determine the strategic direction of this company. You beget company insiders owning another 8%. Also, Spotify owns about 9% of this company, because Spotify and Tencent Music did an equity swap in December 2017, where they exchanged stock for positions in each other. So, they can also advise each other on strategic matters and learn from each other, give each other tips.

Between each and every that, that's about 75% of each and every shares that'll exist locked up by these entities. That means, whenever the stock actually goes public and starts trading, your float is going to exist 25% or less. 

Lewis: Yeah. This gives them a lot of different strengths. It gives them some stability. It has a lot of people that are really bought in to the success of the business. I mediate in the case of Tencent, it gives them access to this massive platform. They have, over a billion monthly energetic users on its apps. Having access to that, from a strategic perspective, access to the convivial graph there, and understanding some of the user data on that side, will exist incredibly advantageous for them as they're trying to grow their user base.

Niu: Right. They'll definitely beget each and every these different types of cross-selling, cross-advertising, cross-promotion, each and every sorts of things. Tencent owns WeChat, which is just tremendous and completely ubiquitous in China. It's everywhere. Being able to really tie into those services, I think, is a huge advantage.

Lewis: Within the space, they touched on it before, but it's worth bolding and underlining, it is the largest platform in the market when you combine each and every of its apps' users. It's also the largest in the world. To your Spotify comparison earlier, not on the paying side, but in its generic presence. And the users are highly engaged. Every daily energetic users spends an average of 70 minutes per day on the platform. That's engagement that is pretty difficult to match. So, I mediate there are a lot of really well-behaved things going for this industry perquisite now.

Niu: I affection it, actually, a lot more than Spotify, which I actually own stock in. There's a lot of things that I finish affection about this industry and the numbers that they're putting up already. 

Lewis: Now, of course, with each and every those strengths, there were some concerns about market volatility recently. We've had some pretty huge sell offs, particularly in the tech space. This was an IPO that was slated to befall at some point in the next few weeks, and it seemed affection the book structure was in process pretty much. Recent advice indicates that that's going to exist delayed a bit.

Niu: Right. The markets beget been pretty choppy the past yoke of weeks, particularly with the massive sell-off that you mentioned this week that wiped off three or four months of gains in the major indices. And, yeah, tech took it pretty hard, especially. But there's been some concerns about rising interest rates, etc. So now, Tencent reportedly wants to wait a slight bit longer to proceed public, at least until November, even though it already filed its F-1 registration statement at the genesis of October. It was previously expected to finish a roadshow as early as next week, and they'd proceed public by the finish of the month. 

But if you mediate about it, it makes sense. This was going to exist one of the biggest IPOs of 2018, valuing the company somewhere between $25-30 billion. That's a pretty huge valuation, especially for a Chinese company going public in the U.S. Besides, that deal could exist a risk, specifically as it relates to the IPO pricing. IPOs are priced based in Part on investor demand. If each and every this recent volatility has dampened the market's appetite for risky stocks, and each and every IPOs are fundamentally very risky, then you can observe how they'd exist a slight bit worried that if there's not enough demand, pricing could rep hurt, and that ruins your positive headlines and huge presence in celebration of this huge deal. 

Lewis: Yeah, it is not unprecedented for a huge IPO to exist delayed. This is something we've seen in the past before. To your point earlier about this being a pretty appealing offering, I'm with you. I mediate this is a very captivating stock to watch, and certainly a company that I am interested in.

You study at that valuation scope they were targeting, $25-30 billion, that puts them at something in the neighborhood of 10X sales, give or take, if they continue on the Run rate that they've been on for the first half of 2018. And they're already profitable. The path to long-term profitability, the path to them being a successful, sustainable business, is already there. It's not something that you beget to bet on. And it seems affection there's silent a lot of growth built into this business. 

Niu: Yeah. I'm definitely interested. I'm not positive what I'm going to finish quite yet. But it actually makes me very snoopy about Twitch. Amazon bought Twitch several years ago for about $1 billion before they really had a lot of these monetization strategies in place. I'm very snoopy how huge the Twitch industry has grown for Amazon. Amazon doesn't really disclose anything about Twitch. When you observe the success of Tencent Music, which, as we've mentioned, is this hybrid model between Twitch and Spotify, with the vast majority of the money coming from the live streaming side, it makes you miracle about how the Twitch industry is going for Amazon, too.

Lewis: Yeah. They might actually beget to finish a disclose on HUYA down the road. It's kind of considered the Twitch of China. That is a comp for Twitch and maybe a slight bit of an insight into what's going on on the books there. I guess that will exist their next ____ of China show, Evan.

Niu: [laughs] There's no shortage of ____ of China.

Lewis: [laughs] We'll support them coming. Evan, thanks for hopping on this show! Listeners, that does it for this episode of Industry Focus. If you beget any questions, or if you just want to compass out and sigh hey, you can shoot us an email at industryfocus@fool.com, or you can tweet us @MFIndustryFocus. As of this week, you can also find each and every these podcasts segments on YouTube. Check them out at youtube.com/themotleyfool. If you're looking for more of their stuff, subscribe on iTunes or check out The Fool's family of shows over at fool.com/podcasts. 

As always, people on the program may own companies discussed on the show, and The Motley Fool may beget formal recommendations for or against stocks mentioned, so don't buy or sell anything based solely on what you hear. Thanks to Rick Engdahl for each and every his work behind the glass today. For Evan Niu, I'm Dylan Lewis. Thanks for listening and Fool on!

John Mackey, CEO of gross Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dylan Lewis owns shares of Amazon and AAPL. Evan Niu, CFA owns shares of AAPL and Spotify Technology. The Motley Fool owns shares of and recommends Amazon and AAPL. The Motley Fool has the following options: long January 2020 $150 calls on AAPL and short January 2020 $155 calls on AAPL. The Motley Fool has a disclosure policy.



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Trend [1 Certification Exam(s) ]
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VCE [6 Certification Exam(s) ]
Veeam [2 Certification Exam(s) ]
Veritas [33 Certification Exam(s) ]
Vmware [58 Certification Exam(s) ]
Wonderlic [2 Certification Exam(s) ]
Worldatwork [2 Certification Exam(s) ]
XML-Master [3 Certification Exam(s) ]
Zend [6 Certification Exam(s) ]





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