JD.com (JD US): The Better-Looking Twin?
We remain positive on JD's accelerating growth and its margin expansion story. In this report, we make a compelling argument for JD's value by...
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Baidu Secondary Listing - Smaller than Expected, Doing the Bare Minimum
Baidu plans to raise around US$3bn in its secondary listing in Hong Kong. I have covered most aspects of the deal in my earlier note. In this note,...
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JD.com (JD): Main Business Accelerated in 4Q20
The revenue growth rates accelerated in 4Q20 and 2020. The operating margins improved in 2020. Operating cash flow increased 72% in 2020.
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Coupang IPO Trading - Most Hit near Term Peak on the First Day - Key Trading/Lock-Up Dates
Coupang, one of the largest product e-commerce players in Korea, raised around US$4.2bn in its US listing via a mix of selling primary and...
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Coupang IPO - Quick Note - Peers Move Down, Range Moves Up. Ripe for Trading.
Coupang,aims to raise up to US$4.0bn in its US listing via a mix of selling primary and secondary shares. In this note, we’ll talk about the...
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