Weekly (11May2020): Labor Day Online Sales up 36%, BABA & PDD on U.S. Blacklist
Labor Day vacation online sales increased 36.3% YoY. Alibaba (BABA) and Pinduoduo (PDD) are blacklisted by the Office of the U.S. Trade...
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Pinduoduo's Recent Moves Signal Desire to Develop Its Own Logistics Ecosystem
Recently, discount online retail platform Pinduoduo (PDD US) made two moves that indicate it plans to develop its own logistics ecosystem, as...
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Kingsoft Cloud IPO: Upsized Raise, Trading Debut
Kingsoft Cloud (KC US) is the largest independent cloud service provider in China with a market share of 5.4% in terms of revenue from IaaS and...
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Our Tech Portfolio Update: Maintain Overweight on Digital; Structural Trends Are Accelerating
During the month of April, we saw a broad-level recovery in asset prices on optimism of countries around the world beginning to ease lockdowns and...
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HKEx – Earnings Risk but an Opportunity Thereafter? (Quantamental Analysis)
While strong trading volumes in 1Q should benefit HKEx we believe expectations may have run slightly ahead of themselves. Based on our analysis of...
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