Meituan Dianping IPO Valuation: Would Investors Buy Into Reasonable P/S Multiple?
Based on IPO price range of HK$60-72/share, Meituan Dianping (MEITUAN CH) is reasonably valued on P/S multiple (but not on EV/EBITDA multiple)...
537 Views
Meituan-Dianping IPO, Part 3: Sum-Of-Parts Approach Suggests US$50 Bn Valuation Quite Unrealistic
Recent media reports (see articles here and here) suggest Meituan Dianping (MEITUAN CH) will attempt to complete its listing in Hong Kong by...
937 Views
Alibaba (BABA): Logistics Fails as Part of Aggressive Diversification
Operating margin plunged to 10% in 1Q19 versus 35% in 1Q18. Revenue growth accelerated merely due to the additions of new business lines. Cainiao...
727 Views
Qutoutiao 趣头条 (QTT) – A Spendthrift Who Pays News Readers Generously
Qutoutiao is not the only mobile applications which pays readers, but the Company pays aggressively. Therefore in 2Q18, on one hand, monthly...
491 Views
NIO IPO Preview: Pull the Plug
NIO Inc (NIO US) is a Chinese premium electric vehicle manufacturer which exclusively sells its vehicles in China. It is backed by Tencent Holdings...
692 Views