Baidu 百度 2017 Q4: Back to the Future
Leading Chinese search engine Baidu 百度 had a good quarter to end 2017. With revenue growth on a firmer footing, a management that has successfully...
338 Views
ZTO's Poor Q4 Results Mask Big Challenges: Weak Pricing, Slowing Growth, Failure to Capture Value
ZTO Express (ZTO US) reported Q417 results on Thursday afternoon in New York that relied heavily upon 'Other' items and a newly-disclosed...
1.3k Views
Disruption Diaries: Small-Cap Ideas in the Brick-And-Click Space
Disruption as a theme has fired investor imagination in recent times. The disruption space is mainly a private party though, even as the publicly...
687 Views
Qudian’s Risks in Transition from Online Consumer Loan Lender to Originator
Understanding that Qudian Inc (QD US) is going through a forced business model transition out of the online micro loan lending business to an...
313 Views
With ‘Brand Building’ Ad Era Over, Can Food Inflation Rescue FMCG Margins?
I’ve been underweight consumer staples on valuation and business model disruption risks since 2015 and the sector has de-rated significantly...
242 Views