Tencent (700 HK): Potential Merger of E-Sports Subsidiaries, Huya Merely The Tip of The Iceberg
An account on Weibo (WB) revealed that Tencent would merge three of its subsidiaries: QQ E-Sports (企鹅电竞), Douyu (DOYU), and Huya (HUYA). We...
672 Views
Luckin Coffee (瑞幸咖啡) Update - Potential Placement from Pledged Shares
Various news articles reported that Charles Lu Lu’s family defaulted on a US$518 million margin loan and had to hand over their pledged Luckin...
551 Views
China Internet Weekly (23Mar2020): Weibo Leaked Personal Data Including Its CEO’s Phone Number.
Weibo (WB) leaked personal information including identity numbers and phone numbers. JD.com (JD) launched a repurchase plan and Momo (MOMO)...
283 Views
Weibo (WB): 24 Hours Suspension as Punishment to Reposters, Revenues Declined First Time
WB’s revenue growth declined YoY in 4Q2019 for the first time since IPO. Any account which reposts any suspicions raised against the government...
317 Views
COVID-19 Won't Solve Weibo's Core Problems; Company Guides 1Q20 Revenue 15-20% Lower
Weibo guided 1Q20 revenue guidance 15-20% lower as businesses cut back on ad spend due to the coronavirus. While management indicated that user...
327 Views