Pinduoduo (PDD): Made Profit After Giving up Direct Sales and User Accumulation
PDD made profit for the first time, because PDD shrank its direct sales and stopped accumulating users. We believe revenue will grow by 45% and the...
219 Views
Tencent Holdings – Modern Day Opium War
TENCENT HOLDINGS: The mainland Chinese regulator hauled in gaming industry executives for a complete dressing down over the recent August gaming...
288 Views
SEA Ltd Placement -Momentum Is Very Strong but Last Deal Didn’t Do Well and It Doesn’t Need the Cash
Sea Ltd (SE US) plans to raise around US$3.5bn via an equity offering, along with another US$2.5bn via a convertible offering. The company last...
407 Views
Kakao Pay IPO - Valuation and Likely Impact of Latest Announcement
Kakao Pay, one of South Korea’s largest payment and financial services apps, aims to raise up to US$1.3bn in its South Korean IPO. Kakao held a 55%...
242 Views
Tencent Holdings – Incredulous Management
TENCENT: At a competitor virtual conference, Tencent discussed the impact of regulatory changes but didn’t discuss its targeted financial services...
306 Views