Alibaba (9988 HK): Still Significant Upside After Surging
A state-owned company invested in Ant Group. We believe both the revenue growth rate and the operating margin will rise in following quarters. We...
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Bilibili Follow-On Offering - Seems Opportunistic
Bilibili Inc (BILI US) aims to raise around US$400m via a follow-on ADS offering. In this note, we will run the deal through our ECM framework.
407 Views
China Education Group Placement - Recent Momentum Has Been Strong but past Deals Were Mixed
China Education Group (839 HK) is looking to raise up to US$209m in its top-up placement. In this note, we run the deal through our ECM framework.
389 Views
Ant Group Completed Equity Structure Adjustment
CBIRC approved the capital replenishment plan of RMB10.5bn of Ant CFC on Dec 30, 2022, which signals that Ant Group will soon complete its equity...
409 Views
China Internet Weekly (9Jan2023): Ant Group, Alibaba, Tencent, ByteDance, China Literature
A state-owned company invested in Ant Group. Tencent obtained five new game licenses in December. China Literature’s daily active users increased...
409 Views