What Do Two Recent Online Food Delivery Deals Say About Meituan-Dianping's Valuation?
In this note we look at two recently announced (but yet-to-close) transactions in the online food delivery space in order to get a sense of Meituan...
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Trip.com - Sino-Phobia
Trip.com Should Get Significantly Re-Rated: Mainland China is at the epicenter of this tourism slowdown. If the virus impact continues to spread...
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Coverage Rating Changes on Risks of Corona-Virus in China’s Economy and Financial System
While we are confident that the Chinese authorities and their 40-million population “lockdown” strategy in Hubei province will eventually contain...
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Softbank G: Elliott's Activist Intervention Is Well-Timed Especially if the Sprint Merger Is Blocked
Softbank shares are up 6% on news that Elliott Management has built up a $2.5bn (c. 3%) stake and is talking to management on enhancing value. That...
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Surging Chinese Demand For "Contactless Delivery" Will Accelerate Drone Adoption in E-Commerce
China is poised to become the world's first true adopter of mainstream drone technologies, and the coronavirus has just accelerated that. Drone...
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