Tencent Music (TME): Less Attractive than Other Entertainments
Online karaoke and online music plunged in China. Monthly active users of TME’s top app shrank. China Mobile’s music app is freely using TME’s...
208 Views
Tencent Placement Lock-Up Expiry - US$10bn+ Block and Buyback Linked Holdco Trade
On 22nd March 2018, after market close, one of the largest overnight placements was launched. On that day, Naspers reluctantly sold US$10bn worth...
917 Views
Consumption/ US-China/ Covid-19/ Tech IPOs
In my weekly digest, I will give you selected summaries, sourced from a variety of local Chinese-language and international news outlets, and...
318 Views
Coupang Pre-IPO - Fair Bit of Competition but It's Doing Better than Most Local Peers
Coupang (CPNG US) , the largest product e-commerce player in Korea, aims to raise around US$3bn in its US listing via a mix of selling primary and...
461 Views
Coupang IPO: Initial Thoughts on Rumoured $50.0bn Valuation
Coupang is fundamentally different from other e-commerce platforms as it generates over 92% of revenue from own inventory retail. Therefore a EV...
430 Views