Xiaomi the Ecosystem!
Xiaomi Corp (1810 HK) released its 697-page global offering document this morning, and below, I've reproduced the key terms, the cornerstone...
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US-China Trade War: A Deal Is More Likely Than Market Prices In
Last night, the US proposed potential new tariffs on an additional $200bn of Chinese goods. Despite the incremental pessimism reflected in the...
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Xiaomi IPO Valuation: A Rough Guide to Cutting the Valuation
Xiaomi Corp (1810 HK) has finally kicked off bookbuilding for its Hong Kong IPO. At the mid-point of the IPO price range of HK$17-$22 per share,...
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Snippets #11: DTAC Says No to 1800MHz?!?
DTAC refuses to bid. Now What? Last Friday, one of the craziest things happened in Thai telecom history. Much like the time CAT managed to block a...
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Fed Ignores EM Pain, as Dollar Rally Accelerates…
The Fed has reiterated its tightening path, despite pleas from EM central bankers and warnings from Ben Bernanke that the US economy is heading...
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