China ADRs - A New Act Aims to Put an End to China ADR IPOs
On 27th May 2021, U.S. Senators Marco Rubio and Bob Casey introduced the No IPOs for Unaccountable Actors Act, which aims to prohibit IPO on U.S....
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WM Tech Pre-IPO: Wumart as Main Brand, Marginalized on the Ground
Here in Shanghai Wumart convenience stores have already been closed.Wumart supermarkets do not have advantageous locations.We have not seen home...
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Cloud Village (NetEase Music) IPO Initiation: Musical Shares
Cloud Village has filed for HKEx IPO to raise $1 billion, according to press reports. We think that Cloud Village has the potential to shed its...
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Chinese Tech Pair Trade: Value Tech Stocks Seems Attractive, Especially with a Short Hedge
Alibaba is currently trading at new all-time low EV/Sales and EV/EBIT multiples offering limited downside risks. However, the sector could drift...
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Baidu 1Q21: Post-Pandemic Recovery in Online Marketing and New Initiatives Drive Earnings Beat
Baidu’s revenue for 1Q21 grew 24.8% YoY to RMB28bn driven by a 34.2% YoY increase in revenue from Baidu Core. 1Q revenues beat consensus estimates...
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