MIXUE Pre-IPO - Initial Thoughts on Valuation
Mixue Group is looking to raise about US$1bn in its upcoming Hong Kong IPO. In this note, we provide our earnings estimates and initial thoughts on...
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PDD (PDD): 4Q23, Time for Low Price Goods, Revenue up by 123% YoY
Both advertising and commission revenues grew dramatically in 4Q23. Chinese consumers are seeking low price goods. PDD’s overseas brand, TEMU, is...
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[Blue Lotus Daily - TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN
has reached a new high in download rankings, ZTO/1519 HK/BABA/PDD saw a 21% yoy growth in parcel volume, and AliExpress is offering subsidies to...
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CX Daily: China Targets Payments Problem To Win Over Foreigners
Travel / In Depth: China targets payments problem to win over foreigners Step by step, China has been encouraging more foreigners to enter the...
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TCS US$1.1bn Placement - Relatively Small but Isn’t Well Flagged, Could Have Implications for Others
Tata Sons, holding company of Tata Group, is looking to raise around US$1.1bn via selling a 0.65% stake in Tata Consultancy Svcs (TCS IN).
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