China Internet – March online retail sales recap
With a low base, March online retail sales data demonstrated steady recovery trend as expected, with YoY growth in online physical goods GMV...
Lalatech Holdings Limited Pre-IPO - The Negatives - Has Raised a Lot of Money, so Has the Founder
Lalatech Holdings is looking to raise about US$1bn in its upcoming HK IPO. In this note, we talk about the not-so-positive aspects of the deal.
Softbank (9984 JP) – Focus on the SVFs, Are the Private Companies Appropriately Marked?
The NAV could be 10%-15% lower than stated now at the mid-May results release, due to a further squeeze in private company valuations; this would...
TSMC: Crowded Trade?
Active EM managers are heavily positioned in TSMC. It is the largest portfolio holding for 64.6% of the funds in our analysis. But is the risk of...
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