Ping An Health (Part II): Health Mall Growth to Slow Down with Growing Competition
Health Mall was the fastest growing segment in terms of revenue over 2015-2020. However, the segment has been facing tough competition which has...
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Beijing Yuanxin (北京圆心) Pre-IPO - Growing at the Expense of Margins
Beijing Yuanxin Tech (BYT) is looking to raise US$500m in its upcoming Hong Kong IPO. In this note, we look at the company's past performance.
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Ping An Health (Part 1): A Deep Dive into Online Medical Services Business
This is the first of a series of reports on Ping An Health and we deep dive into the company's fast-growing segment: Online Medical Services, its...
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“Buy the Worst” Strategy into Year 3: What's on for 2022 to Beat the HSI?
Our "Buy the Worst" strategy outperformed HSI by a massive 26.1pp YTD. For 2022, new names are Haidilao, Ali Health, Alibaba, Sands China and...
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A Late Starter, ByteDance Begins to Accelerate Its Effort in Healthcare
The Chinese upstart behind TikTok has emerged into a major venture capital investor. Online healthcare (or telehealth) has been in the spotlight in...
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