Alibaba - No Softbank Placement Overhang, Going into HSI and HSCEI
In Mar 2020, Softbank Group (9984 JP) had announced that it would sell assets worth US$41bn in order to fund the repurchase of US$18bn worth of its...
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JD.com (JD): Reason for Growth Surprise in 1Q2020
The pandemic damaged white goods that JD is not good at, but raised the demand for consumer electronics that JD is good at. We believe JD...
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China Internet Weekly (18May2020): In April, Packages Up 32% YoY and Cellphone Shipment Up 14% YoY
In April, home delivery packages increased by 32% YoY (Exhibit 1) and home delivery revenues increased 22% YoY. SF Express (002352 CN), a...
168 Views
Jd.com Secondary Listing: Do 1Q Results Give Further Support for Secondary Listing?
JD.com Inc (ADR) (JD US) shares closed at a new high after the reporting its 1Q20 results, with sales and margins ahead of expectations. JD.com is...
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JD.com: 1Q20: Plowing Through COVID-19
I highlighted the e-commerce sector as one of the safe-haven sectors in my last thematic report, Strategy: Looking for Inspiration in the Time of...
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