Tencent Music (TME): Less Attractive than Other Entertainments
Online karaoke and online music plunged in China. Monthly active users of TME’s top app shrank. China Mobile’s music app is freely using TME’s...
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Coupang IPO: Initial Thoughts on Rumoured $50.0bn Valuation
Coupang is fundamentally different from other e-commerce platforms as it generates over 92% of revenue from own inventory retail. Therefore a EV...
430 Views
Bilibili Secondary Listing Early Look - Will Probably Be More like JD and NetEase
Bilibili plans to raise around US$3bn in its secondary listing in Hong Kong. The company is said to have filed confidentially in Jan 2021 and is...
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HSI Market Consultation - Name Changes as We Await the Conclusions
The conclusions of the HSI market consultation could be announced on 26 Feb along with the March review. Given recent large listings and price...
549 Views
Alibaba: Superiority Threatened
Yesterday, China's competition regulator, the State Administration for Market Regulation (SAMR), formally approved the draft anti-monopoly law...
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