Baidu Beats Expectations in 2Q17 but Too Early to Cheer. We Remain at Neutral.
Whilst positive sentiment built up after the company’s impressive AI developers’ conference, we remain cautious on near to mid-term monetization at...
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Vipshop Holdings Loses Appeal with EM Funds. Netease Exposure Snowballs.
Exposure to Vipshop Holdings Ltd Adr (VIPS US) continues to be scaled back by global emerging market equity funds. The percentage of EM funds...
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NetEase: A Closer Look at the Game Pipeline.
NetEase updated its online game pipeline at its Game Enthusiasts Day in May. There were 17 new mobile games and 3 new PC titles (including...
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EM Tech: Fund Allocations Hit All-Time High
In this report we highlight the rise of technology allocations in global EM funds, with average holdings in tech companies surpassing those in...
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NetEase Delivers Strong Growth but Questions Remain About Deferred Income Progression
Netease's (NTES US) 1Q17 results were in line with our expectations (but ahead of consensus) on profitability. We continue to see strong growth in...
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