Tariff Fight/Huawei Bans/Real Estate/Luckin Coffee
China News That Matters It’s War! A People’s War Trump doubles down on Huawei in USA Property sales surge, restriction fears too Yes, to go (‘cos...
453 Views
BZUN Q1 Preview: Eroding GMV Quality, Margin Squeeze by Top Customers
Our negative view on Baozun Inc. (BZUN US) stems from the company’s declining profit margin due to eroding pricing power to key customers, and...
478 Views
Alibaba (BABA): Growth Accelerated After New Law Headwind, Cost Control Will Fix Margin, 30% Upside
The revenue growth even accelerated in the first quarter after the Electric Commerce Law, which taxes online individual sellers. We believe BABA's...
610 Views
Tencent (700 HK): Key Game Actually Approved, WeChat Pay Grew Strongly, 27% Upside
Players find that the approved new game, Game for Peace, is almost the same as the unapproved popular game PUBG. Therefore, we believe game...
620 Views
Smartkarma Originals
Tencent Bull Case: Buy the Online Community Empire, Not Just a Game Operator
We believe the online community WeChat is the real main business of Tencent, because WeChat’s user base supports all business lines in Tencent and...
903 Views