Research from EqualOcean, EqualOcean

EqualOcean

Research from EqualOcean

EqualOcean is an investment research firm and information service provider focusing on China's Technology, Automotive and Consumer Internet sectors. With unique research and due diligence methodology, we provide tailored insights into a wide range of industries and companies, empowering our clients' value-added decisions.

Founded in 2014, EqualOcean is headquartered in Beijing and has offices in Shanghai, Shenzhen and New York.

Equity Bottom-Up

Origin Space is China's first and currently only space resource mining enterprise.

<ul><li>This article focuses on the commercialization of the space mining industry.</li><li>Specifically, the article mainly analyzes this complex issue through the in-depth case study of Origin Space, with unique insights from the industry expert.</li><li>In 2009, the movie "Avatar" was released, and the story of going to the planet Pandora to mine sowed the seeds of space mining, which refers to the extraction of raw materials from asteroids and small planets, for countless audiences.</li></ul>

This article focuses on the commercialization of the space mining industry.Specifically, the article mainly analyzes this complex issue through the in-depth case study of Origin Space, with unique insights from the industry expert.In 2009, the movie "Avatar" was released, and the story of going to the planet Pandora to mine sowed the seeds of space mining, which refers to the extraction of raw materials from asteroids and small planets, for countless audiences.

Thematic (Sector/Industry)

<ul><li>This article studies the dynamics of the market, the growth drivers, the camping industry chain, and the future opportunities and challenges of China's camping business.</li><li>After three years of following strict rules and reducing travel as much as possible, Chinese consumers' desire for outdoor activities, social interactions, and new experiences has never been keener.</li><li>These needs bolstered the flourishing camping business. Search volume for the term "camping" on the Chinese search engine Baidu has climbed to a higher level since May 2021, soared in May 2022, and remains higher than the four-year average level, according to statistics from Baidu Index. </li></ul>

This article studies the dynamics of the market, the growth drivers, the camping industry chain, and the future opportunities and challenges of China's camping business.After three years of following strict rules and reducing travel as much as possible, Chinese consumers' desire for outdoor activities, social interactions, and new experiences has never been keener.These needs bolstered the flourishing camping business. Search volume for the term "camping" on the Chinese search engine Baidu has climbed to a higher level since May 2021, soared in May 2022, and remains higher than the four-year average level, according to statistics from Baidu Index. 

Camping Business in China: A Fleeting Fad or A Long-Term Trend

<ul><li>GT (Cell and Gene Therapy) is a sector with high growth potential.</li><li>CAR-T, as one of the main CGT currently, presents great value for both doctors and patients.</li><li>This article showcases the industry pain points and opportunities faced in the CAR-T sub-sector.</li></ul>

GT (Cell and Gene Therapy) is a sector with high growth potential.CAR-T, as one of the main CGT currently, presents great value for both doctors and patients.This article showcases the industry pain points and opportunities faced in the CAR-T sub-sector.

Opportunities and Challenges Hidden in the CGT Industry in China

Beijing Douyin Information Service Co. Ltd. provides online information and contents. The Company develops and operates short video platform, original short video community, news platform, and other related products. Beijing Douyin Information Service offers services worldwide.

<ul><li>ByteDance's ambition in healthcare - According to EqualOcean data, ByteDance has invested in 56 companies in 2021 only</li><li>Expanding in adjacent fields - It is generally easier to invest in areas that are more compatible with a company's core businesses.</li><li>Still, a long way to go - Online healthcare is a domain full of risks. </li></ul>

ByteDance's ambition in healthcare - According to EqualOcean data, ByteDance has invested in 56 companies in 2021 onlyExpanding in adjacent fields - It is generally easier to invest in areas that are more compatible with a company's core businesses.Still, a long way to go - Online healthcare is a domain full of risks. 

A Late Starter, ByteDance Begins to Accelerate Its Effort in Healthcare

Huize Holding Limited operates as an online insurance products and services platform in China. The Company focuses on life and health, property, and casualty insurance products. Huize Holding serves customers in China.

<ul><li>Huize starts to show its forte – but loses steam</li><li>SelectQuote, an American 'twin' - Both operating online 'B2B2C' insurance intermediary businesses, Huize and SelectQuote (SLQT:NYSE) share several similarities. </li><li>Bottom line - Currently, the P/S ratio for Huize is at the trough – only 0.36 as of the press time – far below its peers as well as the industry average. </li></ul>

Huize starts to show its forte – but loses steamSelectQuote, an American 'twin' - Both operating online 'B2B2C' insurance intermediary businesses, Huize and SelectQuote (SLQT:NYSE) share several similarities. Bottom line - Currently, the P/S ratio for Huize is at the trough – only 0.36 as of the press time – far below its peers as well as the industry average. 

Without Backing from the Tech Giants, Huize Bucks the Trend