Data Centre 2016 I :1310
A 2016 2016 OTT (Over-the-Top) 企業社會投資 風險 回報
2016 001 Data Centre 企業家精神 內容
002 2016 2016 2016 2 29 3 4 7 8 11 15 18 (CSI) 20 30 36 37 38 39 41 42 43 56
2016 003 Bradley Jay HORWITZ 2,4 3,6 Deborah Keibo Orida 4 2015 11 20 2,4,5 SBS JP 1,4,6 1 2 3 4 5 6 P.O. Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands 18 12 10 8 Maples Fund Services (Cayman) Limited P.O. Box 1093 Boundary Hall Cricket Square Grand Cayman KY1-1102 Cayman Islands 183 22 3 50 4-4A 3 www.hkbnltd.net 1310
004 2016 2015 3Over- The-Top (OTT) OTT 1) LeEco 2 TVB OTT now TV
2016 005 2016 3 31 10 5% 270
006 2016
2016 007 9% 6% 1.85 2015 2016 2015 2016 220 100Mbps 1000Mbps 792,000 37.7 % 2,100 43,000 0.8%
008 2016 1 2016 2 29 2015 2 28 1,225,539 1,126,111 +9% 135,252 (46,688) 1 2 209,634 159,559 +31% 1 3 511,266 482,240 +6% 1 4 41.7% 42.8% -1.1 1 5 185,156 184,748 +0% 1 2 135,252 (46,688) 56,557 55,083 +3% (9,089) (9,089) +0% 96,234-100% 11,600-100% 52,419-100% 26,914 209,634 159,559 +31% 1 3 5 135,252 (46,688) 66,336 198,501-67% (647) (1,909) -66% 48,200 41,141 +17% 178,654 183,693-3% 56,557 55,083 +3% - 52,419-100% 26,914-511,266 482,240 +6% (177,931) (120,549) +48% (51,356) (87,027) -41% 131 (4,512) (104,094) (84,491) +23% 7,140 (913) 185,156 184,748 +0%
2016 009 2 2016 2 29 2015 8 31 2015 2 28 2,162 2,143 2,119 +2% 792 754 722 +10% 485 534 563-14% 6 37.7% 36.6% 35.4% +2.3 20.6% 22.0% 22.8% -2.2 852 822 799 +7% 7 0.8% 0.7% 0.6% +0.2 ARPU 8 178 183 184-3% 2.1 2.0 2.0 +5% 40 35 31 +29% 102 98 89 +15% 6 15.4% 14.3% 13.1% +2.3 5.5% 5.3% 4.8% +0.7 43 39 35 +23% 9 0.9% 0.9% 0.8% +0.1 ARPU 10 1,017 1,004 1,025-1%
010 2016 (1) (2) (3) (4) (5) II (7) 100% (8) ARPU ARPU ARPU ARPU (9) 100% (10) ARPU IDD (6) 2016 1 312016 2 29
011 2016 2016 2 29 9% 6%1.85 9% 12.26 n 3% 8.99 2016 2 29 38,000 792,000 ARPU 3% 178 2015 8 3136.6% 2016 1 3137.7% n 17% 2.69 2016 2 29 4,00043,000 ARPU1,017 2015 8 31 14.3% 2016 1 3115.4% n 128% 5,700 4.6% LeEco 6% 1.37 4% 8.47 8% 3,100 67% 6,6005.25% 1.08 9,600 1,200 17% 4,800 2016 2 292015 2 28 17% 2016 2 29 1.35 4,700 31% 2.10
012 2016 6% 5.11 42% 1.85 3,100 2016 2 29 1.951.65 n n OTT n n n 2016 2 29 2.71 2015 8 313.29 31.002015 8 3131.00 28.292015 8 31 27.71 n 2016 2 29 214% 2015 8 31 205% n 2016 2 29 12 2.8 2015 8 312.8 2015 1 19 31.005 5.25% 2020 1 2016 2 292015 8 312016 2 292.002015 8 312.00
2016 013 2016 8 31 1983 7.80 1.00 2015 2 23 3.526.35 1.453% 39 2016 2 292015 8 31 2016 2 29 4002015 8 31400 2016 2 18 Concord Ideas Ltd. Simple Click Investments Limited 6.50 2016 3 31 17
014 2016 24 50% 5,000 Concord Ideas Ltd. Simple Click Investments Limited 2016 3 1 2016 2 18 10% 57 2016 2 29 2016 2 292,531 2015 8 312,430 2015 2 21 II II 270
2016 015 Over-the-Top (OTT) OTT OTT OTT O v e r-the-top 夥伴關係
016 2016 風險回報 2016 2 香港馬拉松 2016 II (2009-2014) 30 II 2016 140 2016 2016 125 4253%
2016 017 1,426 22611.11% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 3 11.11% 9.25% 7.09% 2014 2015 2016 2015 10 2015 2015
018 2016 (CSI) CSI50 110100 35,000 更美好家園 x 35 2015 11 145 CSI 2015 7 CSI 12011 2016 12 30
2016 019 17 40,200 S o m e t h i n g f r o m N o t h i n g 2015 8 LED 174350 4122015 10%
020 2016 From: William Yeung Sent: Monday, March 14, 2016 6:55 AM To: HK Point 3x up Talents; GZ Point 3x up Talents Subject: Our execution Majority of investors trust our execution ability. Some do have concern on HKT s response with a price war when we say we are determined to hit 100k net gain per year for 1m sub. In fact, HKT just launched $98 for 100m GPON in public estates and HOS estates since their $68 ADSL 100m couldn t stop our sub growth though hurting our ARPU and revenue growth. (See attached) Our residential pricing strategy is NOT on broadband-only, but broadband + OTT that HKT alone cannot match. It s also difficult for both HKT and Now TV to get together with low-price bundle as this hurts a lot. On ES, anything below 15% growth is failure in investors eyes because we are very small in revenue market share, therefore we should have much room for growth. All depend on our execution! From: NiQ Lai Sent: Tuesday, April 05, 2016 7:11 AM To: All HKBN Talents Subject: Managers versus Leaders Dear All Fellow HKBNers (including warm welcome to our new joiners from NWT), Since our 2012 Management Buy Out, we have developed a great team of managers but to sustain our HKBN for the next 10 years and beyond, i.e. succession past our current generation of CXOs, we need to develop a great team of leaders. The difference is that managers execute orders well but a leader initiates ideas. It is only via consistently driving new ideas can a company prosper over time, as execution will be copied over time. A leader by definition needs to stand out from the crowd, dare to be different, dare to be wrong at times and dare to lead. Please see attached for full memo. Cheers, NiQ Lai Head of Talent Engagement, CFO & Co-Owner Hong Kong Broadband Network Limited Cheers William Yeung CEO & Co-Owner Hong Kong Broadband Network Limited
2016 021 From: NiQ Lai Sent: Saturday, November 28, 2015 7:28 AM To: HK Point 3x up Talents; GZ Point 3x up Talents Subject: The joy of ride through the pain; the pride in giving 100% Dear All fellow Point 4up and future Point 4up, I am too filled with pride to wait to Monday to send this email out. Yesterday, all 35 cyclist completed the 145 km (yes, we exceeded the 137 km challenge). We had a quitters bus at the back of the riders with capacity for 10 but this was not needed as HKBNers do not quit. For the far majority of us, and certainly for me, this challenge took 100% of physical and mental exertion to complete. Think about this 100% effort! Think about the fact that most people just cruise through life, seldom ever pushing ourselves to our absolute 100% limits. Think about the last time we truly pushed ourselves to our 100% limit. I realized that I would have given up much earlier during the ride, had it not been the team spirit between HKBNers, i.e. none of us wanted give up. A couple of us actually fell down but just got band aided up and continued riding to the finish. I am so proud of my fellow HKBNer cyclists Cheers from Kenting, with very sore biker thighs and ass, From: William Yeung Sent: Monday, April 11, 2016 7:04 AM To: All HKBN Talents Subject: ( No flattery ) : ( ) ( ) TM (For NiQ/Gary/Billy info, this reminds team members : we only look at performance and capabilities, we hate/ despise flattery or butter up or unhealthy team activities) William Yeung CEO & Co-Owner Hong Kong Broadband Network Limited NiQ Lai Head of Talent Engagement, CFO & Co-Owner Hong Kong Broadband Network Limited
022 2016 20 Siemens Telstra 10 Telstra 20 NBN Co. 400
2016 023 Telstra... QR Code 20
024 2016 40 20 20
2016 025 QR Code
026 2016 17 1997 1998 17... 39
2016 027 150 2005 QR Code
028 2016 100 145 2015 145 100 35,000 35Le Tour de Force 18 CSI 18 36 (NiQ) CSI
2016 029 18 18 50 50 100 36 36 110 QR Code 'smoothie-making bike' 145
030 2016 造福社群 2,500 2,500
2016 031
032 2016 30 I 2009 2014 30 II 2016 2018 30 II II 40
2016 033
034 2016 I Jacky 2002 Jacky Jacky Jacky I Jacky I 70
2016 035 II Karina IvanIvan 2005 Karina Ivan I II Karina
036 2016 37 55 2016 2 29 3434 2410 2016 2 29 34 10 8 2016 4 20
2016 037 2016 2 29 2016 2 29 2015 2 28 4 1,225,539 1,126,111 5(a) 8,194 9,841 (136,504) (128,851) 5(b) (847,045) (814,147) 5(d) (66,336) (198,501) (396) 5 183,452 (5,547) 6 (48,200) (41,141) 135,252 (46,688) 7 13.5 (4.7) 13.5 (4.7) 43 55 13(a)
038 2016 2016 2 29 2016 2 29 2015 2 28 135,252 (46,688) (2,241) (2,065) 133,011 (48,753) 43 55
2016 039 2016 2 29 2016 2 29 2015 8 31 1,594,110 1,594,110 1,298,083 1,330,501 8 1,961,034 1,969,803 9,497 9,893 16,970 19,503 4,879,694 4,923,810 36,306 14,373 9 94,529 81,685 9 195,076 201,910 803 329 10 271,049 328,950 597,763 627,247 11 21,639 6,561 11 260,311 217,394 34,177 33,385 57,933 55,168 9,024 9,024 33,372 10,000 10,000 2,457 86,661 121,222 479,745 488,583 118,018 138,664 4,997,712 5,062,474
040 2016 2016 2 29 2016 2 29 2015 8 31 19,906 13,413 22,843 13,844 47,379 51,891 417,583 438,916 12,050 11,334 12 3,027,532 3,018,889 3,547,293 3,548,287 1,450,419 1,514,187 13 101 101 1,450,318 1,514,086 1,450,419 1,514,187 43 55
2016 041 2016 2 29 2014 9 1 8 1,757,197 (116,675) 2,315 1,642,845 2015 2 28 (46,688) (46,688) (2,065) (2,065) (46,688) (2,065) (48,753) 13(b)(ii) 100 1,160,685 1,160,785 13(c) (8) (1,757,197) 596,420 (1,160,785) 13(a)(iii) (230,158) (230,158) 2015 2 282015 3 1 100 930,527 596,420 (163,363) 250 1,363,934 2015 8 31 150,956 150,956 (2,234) (2,234) 150,956 (2,234) 148,722 13(b)(iii) 1 (1) 13(d) 1,531 1,531 2015 8 312015 9 1 101 930,526 1,531 596,420 (12,407) (1,984) 1,514,187 2016 2 29 135,252 135,252 (2,241) (2,241) 135,252 (2,241) 133,011 13(a)(ii) (201,133) (201,133) 13(d) 4,354 4,354 2016 2 29 101 729,393 5,885 596,420 122,845 (4,225) 1,450,419 43 55
042 2016 2016 2 29 2016 2 29 2015 2 28 462,707 313,476 (54,147) (81,968) (1,947) (2,523) (208) 406,405 228,985 (177,931) (120,549) 1,054 988 (2,457) (4,195) 647 1,909 (178,687) (121,847) 3,009,843 (12,439) (3,095,624) (37,667) (6,812) (82,124) (14,336) (33,372) (201,133) (4,060) (286,508) (191,216) (58,790) (84,078) 328,950 435,630 889 1,200 271,049 352,752 43 55
2016 043 1 34 2016 4 20 2014 11 2622 2013 Metropolitan Light Company Limited MLCL2015 2 17 Metropolitan Light Holdings Limited MLHL MLHL MLCL MLCL 2015 3 11MLHL 2015 3 12 MLCL 2012 3 152012 5 30MLCL MLCL MLCL MLCL 20162015 8 31 2 34 2015 8 31 2410 36 2015 8 31
044 2016 2 3 8 4 2016 2 29 2015 2 28 898,951 871,671 269,381 229,328 57,207 25,112 1,225,539 1,126,111
2016 045 5 2016 2 29 2015 2 28 (a) (647) (1,909) (1,802) 724 (4,512) (4,512) (2,165) (1,233) (1,979) (8,194) (9,841) (b) 222,367 191,409 178,654 183,693 242 (33) 8,933 12,028 5(c) 223,069 198,989 56,557 55,083 52,419 18 26,914 130,309 120,559 847,045 814,147 (c) 342,343 310,628 24,304 24,233 4,354 289 371,290 334,861 (13,279) (12,467) (134,942) (123,405) 223,069 198,989
046 2016 5 2016 2 29 2015 2 28 (d) 45,884 10,173 13,959 462 66,826 6,493 13,206 96,234 11,600 66,336 198,501 (e) 17,340 18,151 61,415 61,708 8,389 9,896 40,007 23,159 6 2016 2 29 2015 2 28 67,581 62,777 1,952 2,388 (21,333) (24,024) 48,200 41,141 2016 2 2916.5% 2015 2 28 16.5%
2016 047 7 (a) 135,252,000 2015 2 28 46,688,000 II 1,000,000,000 2015 2 281,000,000,000 1,000,000,000 (b) 135,252,000 2015 2 28 46,688,000 II II 2016 2 29 2015 2 28 II 1,000,000 1,000,000 II 1,761 1,001,761 1,000,000 8 2016 2 29195,430,000 2015 2 28164,883,000 188,444,0002015 2 28147,337,000 2016 2 29 24,139,000 2016 2 291,296,000 2015 2 28955,000 242,0002015 2 2833,000
048 2016 9 2016 2 29 2015 8 31 30 70,119 60,383 31 60 17,817 14,542 61 90 5,964 4,619 90 629 2,141 94,529 81,685 195,076 201,910 289,605 283,595 30 9,414,000 2015 8 318,963,000 10 2016 2 29 2015 8 31 271,049 328,950
2016 049 11 2016 2 29 2015 8 31 30 12,054 2,537 31 60 5,088 12 61 90 534 11 90 3,963 4,001 21,639 6,561 260,311 217,394 281,950 223,955 12 2016 2 293,300,000,000 2015 8 313,300,000,000 2016 2 293,100,000,000 2015 8 313,100,000,000 1.85% 2015 8 312.06% 2016 2 29 3.1%2015 8 313.2% 2016 2 29 3,027,532,000 2015 8 313,018,889,000 MLCL 2020 1 20
050 2016 13 (a) (i) 2016 2 29 2015 2 28 20 2015 2 28 201,133 (ii) 2016 2 29 2015 2 28 20 2015 2 28 201,133 (iii) 29,660,000230,158,000 2015 2 18 2015 2 28 2015 3 9
2016 051 13 (b) 2014 11 262015 8 31 2015 9 12016 2 29(i) 3,800,000,000 380 2014 11 26(i) 1 (ii) 999,999,999 100 (iii) 5,666,666 1 2015 8 312015 9 12016 2 29 1,005,666,666 101 (i) 2014 11 26 380,000 3,800,000,000 0.0001 0.0001 (ii) 2015 2 17MLHL999,999,999 0.0001 MLHL 1,160,785,000MLCL2015 2 171,000,000,000 100,0001,160,685,000 (iii) 2015 3 12 5675,666,666 II (c) 8,0001,757,197,000 1,160,785,000 MLCL 596,420,000
052 2016 13 (d) 2015 2 21 2015 6 292015 8 18 2,723,000 133,000 8.50 2015 11 20 159,000 10.28 2015 6 29 25% 25% 50%2016 6 292017 6 292018 6 29 2015 8 1825% 25% 50%2016 8 18 2017 8 182018 8 182015 11 2025% 25% 50%2016 11 202017 11 202018 11 20 14 (a) (i) 13
2016 053 14 (a) (i) 2016 2 29 2016 2 29 19,906 19,906 2015 8 31 2015 8 31 13,413 13,413 2,457 2,457 2016 2 29 2015 8 31 (ii) (iii) 2015 8 3118%
054 2016 14 (a) (iii) 2016 2 29 2015 8 31 2,457 9,575 (2,457) (4,195) (2,923) 2,457 (b) 2016 2 292015 8 31 15 2016 2 29 2015 8 31 132,214 94,112 16 2016 2 29 2015 8 31 3,622 3,622 2016 2 292015 8 31 2015 8 31
2016 055 17 2016 2 29 2015 2 28 14,797 18,007 1,238 1,161 939 16,974 19,168 18 2016 2 18 Concord Ideas Ltd. Concord Simple Click Investments Limited Simple Click 650,000,000 2016 3 31Concord Simple Click 50% 50,000,000 JPMorgan Chase Bank, N.A.700,000,000 2016 3 162016 3 31 700,000,000 3
056 2016 2016 2 29XV (a)xv7 8 (b) 352(c)10 0.0001 1 Bradley Jay HORWITZ 2 100,000 100,000 0.01% 3 26,199,298 238,608 26,437,906 2.63% 4 32,391,520 158,132 32,549,652 3.24% 1. 2015 2 21II 2. Bradley Jay HORWITZ 100,000 3. 26,437,9062015 2 21II 238,608 4. 32,549,6522015 2 21II 158,132 2016 2 29
2016 057 II 2015 2 21 (i)10% (ii) 10% 5,666,6660.56% 2016 2 29 2015 9 1 2016 2 29 6 298 18 11 20 2016 2 29 2016 2017 2018 * 2015 6 29 238,608 238,608 238,608 59,652 59,652 119,304 * 2015 6 29 158,132 158,132 158,132 39,533 39,533 79,066 2015 6 29 2,326,246 2,318,415 86,506 2,231,909 557,890 557,890 1,116,129 2015 8 18 273,612 273,612 273,612 68,386 68,386 136,840 2015 11 20 158,567 158,567 158,567 39,639 39,639 79,289 3,155,165 2,988,767 158,567 86,506 3,060,828 765,100 765,100 1,530,628 * 2016 2 29
058 2016 2016 2 29 XV2 3XV336 5% 0.0001 Canada Pension Plan Investment Board (a) 182,405,000 18.14% GIC Private Limited (b) 90,002,797 8.95% The Capital Group Companies, Inc. (c) 60,580,000 6.02% JPMorgan Chase & Co. (d) 59,927,465 5.96% Mondrian Investment Partners Limited (e) 58,460,500 5.81% Matthews International Capital Management, LLC (f) 51,130,000 5.08% (a) Canada Pension Plan Investment Board182,405,000 (b) (c) (d) 90,002,797 City-Scape Pte LtdCity-Scape Pte Ltd GIC (Ventures) Pte Ltd GIC Special Investments Pte LtdCity-Scape Pte LtdGIC Private Limited 60,580,000 Capital Research and Management CompanyCapital Research and Management Company The Capital Group Companies, Inc.The Capital Group Companies, Inc. Capital Research and Management Company JP Morgan Chase & Co. 59,927,46542,989,500 16,937,965 59,927,465JPMorgan Chase & Co.161,500 JF International Management Inc. 41,435,500 JF Asset Management Limited 1,392,500 JPMorgan Asset Management (Taiwan) Limited 16,937,965 JPMorgan Chase Bank, N.A. JF International Management Inc. JF Asset Management Limited JPMorgan Asset Management (Taiwan) LimitedJPMorgan Asset Management (Asia) Inc.JPMorgan Asset Management (Asia) Inc.JPMorgan Asset Management Holdings Inc JPMorgan Asset Management (Asia) Inc. JPMorgan Asset Management Holdings Inc 42,989,500 JPMorgan Chase Bank N.A. JPMorgan Asset Management Holdings IncJPMorgan Chase & Co. JPMorgan Chase & Co.59,927,465 (e) (f) 58,460,500 Mondrian Investment Partners Limited 51,130,000 Matthews International Capital Management, LLC
2016 059 2016 2 29 2016 2 29 2016 2 29 20 2015 2 28 2016 5 9 2016 5 20 90%100%OTT 2016 8 2016/17 109% 2016 2 29 2016 2 29 2410 13.51B(1) 13.51B(1) Deborah Keiko ORIDA 2015 11 20 2016 3 30
060 2016 2016 2 29 14 A.5.1 10 2016 2 29 Bradley Jay HORWITZ 2016 4 20
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