Consumer Finance Deleveraging Clouds 2018 Outlook
● We believe there is an increasing likelihood that the fallout in cash loan sector might spread to consumer finance. What might be at risk is Ant...
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2018 M&A/IPO Activity Preview: Chinese Express, Logistics Sectors Hit by Slower Growth & BABA Vs JD
The main objectives of this note are a) to identify the main drivers of M&A activity in China's express and logistics sectors this year and b)...
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NetEase's Premium Multiples Persist Despite Slower Growth Rates
The recent strong share price performance of NetEase (NTES US) has led to some head scratching in New Street Research. Kirk Boodry notes that the...
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Alibaba: Ant Financial's US Aspirations in Jeopardy
On Tuesday Ant Financial, Alibaba Group Holding Ltd (BABA US)’s payments affiliate, issued a press release stating that its proposed $1.2bn...
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Baidu's Technology Is Impressive but yet to Monetize While the Core Search Business Remains Weak
In late November, Baidu Inc (ADR) (BIDU US) hosted their annual Baidu World (BW) showcase in Beijing (write-up somewhat lost into year-end). This...
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