Discussion with PDD's IR Team (Part II): Mid-Term Strategy Seems to Be Different from Alibaba and JD
Our recent conversation with the Pinduoduo (PDD US)’s IR team suggests that the company’s medium-term strategy is broadly different from other...
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Alibaba (BABA): Tax Bureau Eyes Online Retailers
The tax bureau required all online retailers to pay evaded tax for the past three years. We believe Alibaba will lose commission on GMV (Gross...
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China Internet Weekly (15Jun2020): Virus Found in Another Wet Market, Online Retailers’ Tax Eyed
Panic buying restarted as four infections were found in a wholesale wet market in Beijing. Alibaba (BABA) announced they will recruit 5,000...
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Short YTO Express: Sharp Recovery in Volume Masks Effects of Intensifying Price War
After getting hit by Covid-19 in February and early March, Chinese express company YTO Express (600233 CH) has roared back to life, hitting a...
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TMT Weekly: 3 Things that Stood Out The Week of 6/12/2020
This week we highlight Snapchat's platform ambitions, the rebound in social media ad dollars, and the conclusion (?) of the Grubhub deal...
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