How to Stimulate China's Consumption, Part III
China's healthcare system is supply efficient, which leads to underpaying the healthcare professionals' service but overmedicates. To change,...
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Pre-IPO Fangzhou Inc. (PHIP Updates) - Some Points Worth the Attention
Fangzhou faces challenges with decreasing drug price due to VBP/NRDL negotiation. The internal disputes, litigation, cash flow pressure will lead...
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Atour Lifestyle Holdings Placement - Well Flagged Deal, past Selldowns Have Done Well
Legend Capital (LC), one of the principal shareholders of Atour Lifestyle Holdings (ATAT US), is looking to raise around US$168m through a...
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Kakao Pay Lockup Expiry - US$1bn Overhang from Alipay
Alipay will come out of its placement linked lockup for its remaining stake in Kakaopay (377300 KS) today. Alipay will once again be free to...
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Shulan Health Management Pre-IPO - Still Ramping up but Only a Small Player
Shulan Health Management (1807987D CH) is looking to raise around US$150m in its Hong Kong IPO. In this note, we talk about the firm’s historical...
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