Ctrip.com (携程) Placement - Baidu Still Has More to Sell but Only After 180 Days
Baidu (BIDU US) is looking to raise almost US$1bn through the selldown of about 31.3m of Ctrip.Com International (Adr) (CTRP US)'s ADS. There could...
632 Views
Bitauto’s Cheeky Privatisation Offer from Tencent
On Friday, Bitauto Holdings Ltd Adr (BITA US) announced a surprising privatisation bid from Tencent Holdings (700 HK) and Hammer Capital. The bid...
553 Views
IQiyi (IQ): An Empty TV Box
We believe IQ’s cash will be used up within 6 quarters. We also believe IQ has limited abilities in obtaining more cash for...
493 Views
Baidu (BIDU): IQiyi (IQ) Became a Burden, 40% Downside to Book Value
The 2Q19 results are not as stable as it looks. The operating margin of the search business improved to 11% in 2Q19 versus 6% in 1Q19 at the...
484 Views
IQ Weakening H2: Deceleration in Subscription Due to Content Restriction;Worsening Ad Demand TP= $12
We are seeing that iQIYI Inc (IQ US) is struggling to simultaneously grow paying both user and monthly ARPU. Current ARPU is ~12.7RMB (less than...
454 Views