China TMT Update-FUTU/BIDU/700.HK/BABA/Boss Zhipin-FUTU Expand in Japan/Approval to AI/PMI Improved
Futu: Zero-commission stock trading to debut in Japan next month;BIDU/700.HK/BABA: CAC has approved the filing of 11 LLM products;Boss Zhipin:...
617 Views
Pinduoduo (PDD US): Don't Fight with PDD
PDD's blowout 2Q results cleared our concern around its growth slowdown. We expect US$9 billion net profit for FY23 and see 25% share price upside.
701 Views
China TMT Update-Douyin/Baba/JD/3690.HK/9699.HK-Meituan's Cooperation with SF Intra-City
" EastBuy 东方甄选 " is conducting live broadcasts on Taobao.JD.com officially launches the upgraded " Spring Dawn Plan "K/9699.HK/JD: Meituan...
402 Views
VNG Pre-IPO - The Negatives - Vietnam’s Mini-Tencent
VNG (VinaGame) (VNG US), Vietnam’s leading internet platform, aims to raise up to US$300m in its US IPO. In this note, we talk about the not-so...
481 Views
ZTO Express Q2 Results: Strong on Volume | Weak on Price | Margins Up in Q2, But H2 Much Tougher
ZTO gained volume share in Q2, which allowed it to beat down unit costs and expand margins. Given recent price erosion, we think ZTO is unlikely to...
423 Views