58.com’s Privatisation: Next Move Tencent
On 29 April, 58.Com Inc Adr (WUBA US) announced an updated non-binding privatisation proposal. As a reminder, on 2 April, 58.com announced a...
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(Mostly) Asia M&A: April 2020 Roundup
For the month of April, just six new deals were discussed on Smartkarma with an overall announced deal size of ~US$9.4bn. Clicking on the...
544 Views
China Internet Weekly (27Apr2020): BABA, PDD, BIDU, Xiaomi, JOBS, Most Moves Are About Cash
We believe cash balance may not tell the truth, but companies’ moves will. Alibaba (BABA) plans to invest in computing infrastructure – fat...
263 Views
58.com: Offeror No Stranger To Privatisations. And Controversy
With the spotlight centered on the Luckin Coffee (LK US) fraud, on the same day, China's 58.Com Inc Adr (WUBA US) received a preliminary,...
523 Views
China Internet Weekly (6Apr2020): JD Founder Resigned, LK Cooked Book, BIDU & PDD's Odd Financing
JD.com (JD)’s founder resigned. Luckin Coffee (LK) cooked its books. Tencent (700 HK) WeChat Pay’s new function: consumer loan. Tencent (700 HK)...
317 Views