58.com: Offeror No Stranger To Privatisations. And Controversy
With the spotlight centered on the Luckin Coffee (LK US) fraud, on the same day, China's 58.Com Inc Adr (WUBA US) received a preliminary,...
537 Views
58.com’s Privatisation Bid Leads to Much Head-Scratching
On 2 April, 58.Com Inc Adr (WUBA US) announced a non-binding privatisation proposal from Ocean Link Partners. The bid of $55.00 per ADS values...
396 Views
What Might Have Happened at Luckin Coffee (瑞幸咖啡) + Trade Ideas and Implication for Other ADRs
Luckin Coffee (LK US) announced last night that the Board of Directors has formed a special committee to oversee an internal investigation into...
556 Views
Baidu (BIDU): Issuing Notes, Another Piece of Evidence on Suspicious Cash Balance
Baidu plans to issue notes of US$1 billion. Baidu has a large amount of "short-term investments". Based on the balance sheet, we believe the...
362 Views
Early Signs of Chinese Travel Recovery; Domestic OTAs like TCEL Can Rebound Faster than TCOM
Chinese domestic travel is showing early signs of recovery as business travelers begin to go back to work, and people's fears about the virus...
364 Views