JD.Com Delivers Cleaner Growth Message in 2Q16 Results.
After the controversy surrounding JD.Com apparent cut in guidance earlier in the quarter, it was good to see JD posting 2Q16 results in line with...
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China: The Rise of Ad Tech in China
This report looks at the development of advertising technology in the Chinese market. We define the value chain and discuss the capabilities at...
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BABA: Raising TP to US$111 (13% Upside), And Further Thoughts Post Results
We have raised our DCF-based target price for Alibaba by 15% to US$111 per share, which implies 26x non-GAAP EV/EBITDA, 35x non-GAAP FD P/Ex and...
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Softbank - Positive Readthrough from Alibaba - Adding to Improving Fortunes
Because Softbank doesn't control Alibaba, it only reports dividend income from Alibaba, which is the equivalent of reporting nothing at all....
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Alibaba's 1QFY17 Results: Revenue Growth Far Exceeded Expectations; 33% EPS Growth
Alibaba reported 59% YoY revenue growth in 1QFY17. Adjusted for the consolidation of Youku Tudou and Lazada, we estimated the organic revenue...
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