TME 4Q Results: Strong Finish to 2020, Further Strengthens Partnerships and Focus on New Initiatives
TME reported its 4Q2020 results which saw revenues growing 14.3% YoY to RMB8.3bn. Despite revenues growing YoY during the quarter, TME’s OP...
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Bilibili: Secondary Listing in HK Offers a Good Alternative to Kuaishou
Bilibili’s HK listing offers an alternative to Kuaishou which is currently trading at exorbitant multiples. Both companies have strong desire to...
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Zhihu (知乎) IPO - Monetizing Curiosity
Zhihu Technology (ZH US) is looking to raise about US$1bn (including concurrent placement) in its U.S. IPO. Zhihu is a question-and-answer (Q&A)...
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Baidu Secondary Listing Trading - Strong Demand but Weak Price Action
Baidu (BIDU US) raised around US$3bn in its secondary listing in Hong Kong. In this note, we'll talk about the trading dynamics.
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Zhihu IPO Valuation Analysis
In the first few days of trading post IPO, we expect Zhihu's market cap to be trading in the mid-to-high end of our valuation analysis ($12 to...
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