Meituan (3690 HK): Paused AliPay for the Third Time, The Dilemma Can Be Top Risk After Pandemic
Meituan deleted AliPay in its apps last week, but resumed it this week. Meituan cannot leave AliPay, as AliPay is powerful in retailing. Meituan...
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Leyou – You Need to Be Tracking Warframe This Month if You Own This
We had previously expressed some scepticism about the longevity of Warframe, and thus the valuation of Leyou overall. While we have not abandoned...
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Kakao Games IPO Preview
Kakao Games is getting ready for an IPO in the next several weeks. This will be the second-biggest IPO in Korea in 2020 so far. After the...
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Tencent (700 HK): Expect Better 2Q20, But Limited Upside
Tencent will release its 2Q20 result on August 12. We expect revenue will grow by 29% YoY and EPS will grow by 26% in 2Q20. Mobile game and WeChat...
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KE Holdings (Beike) IPO: Updated Filings Point to a V-Shaped Recovery
KE Holdings Inc (BEKE US) is a combination of Lianjia, China's leading real estate brokerage brand, and Beike, China's leading integrated online...
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