MD, Blue Lotus Research Institute

Gu Jun, CFA

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Equity Capital Markets

1. Essential InformationCompany DescriptionLaunched in 2014, Pinduoduo is a group buying social e-commerce platform. Users can invite their family, friends and neighbors to join group buying so that all of them can buy goods lower than market price.Currently, Pinduoduo has accumulated more than 300mn users. It also has 101mn MAU as of Mar 2018, according to Qianfan Analysis. This Jan, Pinduoduo recorded a monthly GMV of over RMB 40bn, with a YoY of 900% (GMV of Jan 2017 was RMB 4bn). The annual…

1. Essential InformationCompany DescriptionLaunched in 2014, Pinduoduo is a group buying social e-commerce platform. Users can invite their family, friends and neighbors to join group buying so that all of them can buy goods lower than market price.Currently, Pinduoduo has accumulated more than 300mn users. It also has 101mn MAU as of Mar 2018, according to Qianfan Analysis. This Jan, Pinduoduo recorded a monthly GMV of over RMB 40bn, with a YoY of 900% (GMV of Jan 2017 was RMB 4bn). The annual…

Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<ul>
<li>
Management Shake-up: Alibaba Group Holding (BABA.US) [Alibaba] announced that long-time CFO Maggie Wu will be stepping down in April 2022;</li>
<li>
Restructure: Alibaba also announced that it will be reorganizing its international and domestic e-commerce businesses; and</li>
<li>
Further Pressure:Just last month, Alibaba reduced its revenue growth forecast. The formation of a financial holding company will cause earnings to compress while capital requirements increase.</li>
</ul>



Management Shake-up: Alibaba Group Holding (BABA.US) [Alibaba] announced that long-time CFO Maggie Wu will be stepping down in April 2022;

Restructure: Alibaba also announced that it will be reorganizing its international and domestic e-commerce businesses; and

Further Pressure:Just last month, Alibaba reduced its revenue growth forecast. The formation of a financial holding company will cause earnings to compress while capital requirements increase.


Alibaba Group Holding – Palace Intrigue

China

PDD Holdings Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The Company focuses on digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfillment capabilities for its underlying businesses.

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PDD Holdings (PDD US)

Who Is Pinduoduo (拼多多）

1. Essential InformationCompany DescriptionLaunched in 2014, Pinduoduo is a group buying social e-commerce platform. Users can invite their family,...

Blue Lotus Research Institute

Alibaba Group Holding – Palace Intrigue

ALIBABA: Alibaba announced that long-time CFO Maggie Wu will be stepping down in April 2022, and that it will be reorganizing its international and...

Thomas J. Monaco

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