China TMT Update June 2 - PDD/700.HK/LKNCY: Pinduoduo Starts "618 " Campaign, Investing 5 Bn RMB
PDD: Pinduoduo starts "618 Opening Red" campaign；Tencent: a large number of AI-controlled bots in "Honor of Kings"；LKNCY: COTTI Coffee opened...
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JD.com: Three Key Controversies
In this insight, we analyse JD.com’s slowing revenue growth, margin progression, net cash balance sheet, macro and industry environment, and...
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[Blue Lotus E-Commerce Sector Update]: Shein's 3P Market Impacts Temu, Amazon, and Shopify
Our recent interviews with Shein's 3P merchants suggest that Shein's newly launched 3P businesses, which include ODM and marketplace models, are...
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China TMT Update May 31 - NTES/PDD/NIO/LI-PDD Officially Launches 6.18 Event (-)
NetEase testing a new magic academy simulation game in Japan (+)/NIO/LI: NIO announces pricing details of all-new ES6 (- / +)/ PDD: PDD officially...
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Pinduoduo (PDD US): Deciphering Massive 1Q Beat
PDD’s massive 1Q beat didn’t answer the questions around its sustainability. We expect large fluctuations in earnings growth for the rest of 2023...
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