Chinese Express Firms Have Been Poor Proxies for E-Commerce/BABA Growth, & It's Likely to Get Worse
China's listed express parcel delivery companies have proven to be unreliable proxies for the growth of Chinese e-commerce in 2017, particularly...
212 Views
The State-Owned and Baidu Backed Online Grocer that Loses Lots of Money
We believe COFCO Womai Ltd (1556961D HK) may run out of money over the next 1.5-2 years. Womai, a leading online grocery chain in China, plans to...
202 Views
Xiaomi IPO Preview: $50 Billion Valuation Is a Leap of Faith
Xiaomi is a Chinese firm best known for making feature-laden but affordable smartphones. Valued at around $46 billion in a late 2014 fundraising,...
547 Views
Japan Telcos: Cabinet Office to Look at Spectrum Allocation
Recent news reports suggesting that Japan could move to an auction system for spectrum allocation appear overdone. They were driven by a Cabinet...
140 Views
Global Equities: China, Technology and Politics to Dominate 2018
Bull markets are born when the prevailing sentiment is one of disgust and die amidst hubris. The post-GFC run-up in equity prices has been rightly...
120 Views