Alibaba (BABA): Thorough Explanation of June Re-Organization
On June 18, BABA sent an internal mail to all employees and announced another step of “organizational upgrading”. We believe the re-organization...
614 Views
GSX Techedu (跟谁学) Trading Update - Almost off to a Good Start
GSX Techedu (GSX US) raised US$208m at US$10.50 per share, the mid point of its IPO price range. We have previously analyzed the IPO in: GSX...
715 Views
Luckin Coffee (瑞幸咖啡) IPO Trading Strategies
Luckin Coffee (LK US)'s IPO was priced at US$17 per ADS, the top of its price range and was further upsized to 33m ADS compared to 30m previously....
766 Views
Tencent Music (TME): Paying User Growth Tumbled in Both Business Lines, 32% Downside
The paying user growth in Social Entertainment Services declined significantly to 13% YOY in 1Q19 versus 23% YOY in 4Q18 (Exhibit 3). The music...
816 Views
Tencent Music 1Q19 Results Quick Take and the Looming US$4.85bn Lock-Up Overhang
Tencent Music Entertainment (TME US) reported its 1Q19 results post US market closing. The reason I have been tracking the 1Q19 and the 4Q18...
608 Views