H World (HTHT) Follow-On Offering - A More Genuine Need
H World Group (HTHT US) aims to raise around US$260m via a follow-on ADS offering. In this note, we talk about the deal dynamics and run it through...
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NetEase(NTES.US) 4Q22 Preview: Enter a Period of Lukewarm Performance
NetEase's 4Q22 preview. Our numbers are in-line in revenue while beat in non-GAAP net incomes. Several of NetEase’s mid-tier games saw declines in...
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Tencent/Netease: Tencent Behind Smaller Peers in This Year Game Approval
China just announced game approval for December batch. We see Tencent behind its smaller peers in terms of receiving game approval for both...
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China Internet Weekly (19Dec2022): Trip.com, Kuaishou, IQiyi, Activision Blizzard
Trip.com revenue increased by 29% YoY and EBITDA increased 164% YoY in 3Q22. Kuaishou announced that the views of short play increased by 40% in...
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China ADRs Delisting - Christmas Came a Day Earlier than We Expected - No Delisting Risk for Now
Today PCAOB announced that they had secured complete access to inspect and investigate Chinese Firms for the first time in history. This removes...
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