Tencent (700:HK): (Dis) Honour of Kings
Tencent Holdings (700 HK) share price has come off recently due to the government's tightening rules on gaming to curb addiction among minors....
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Baidu (BIDU): IQiyi (IQ) Caught a Hit TV Series
One of iQiyi’s TV series became the most popular on-line TV show during the summer. We believe the popularity of this show will lead to higher...
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Meituan-Dianping IPO, Part 4: Proposed Price Range, Jan-Apr Results, & A Lesson From Groupon
On September 4th, HKEX published an updated prospectus for Meituan Dianping (MEITUAN CH) for which we provided a link at the end of this report....
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Meituan Dianping IPO Valuation: Would Investors Buy Into Reasonable P/S Multiple?
Based on IPO price range of HK$60-72/share, Meituan Dianping (MEITUAN CH) is reasonably valued on P/S multiple (but not on EV/EBITDA multiple)...
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Meituan-Dianping IPO, Part 3: Sum-Of-Parts Approach Suggests US$50 Bn Valuation Quite Unrealistic
Recent media reports (see articles here and here) suggest Meituan Dianping (MEITUAN CH) will attempt to complete its listing in Hong Kong by...
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