Alibaba (BABA): Thorough Explanation of June Re-Organization
On June 18, BABA sent an internal mail to all employees and announced another step of “organizational upgrading”. We believe the re-organization...
609 Views
QTT Q4 Misses Revealing a Moat-Less Business; Lockup Expiration to Catalyze Selloff
The key operating matrix of Qutoutiao Inc (QTT US) deteriorated alarmingly in Q4, even with the help of Midu, a mobile literature reading app...
182 Views
Sea Ltd (SE US): The Bear Case - A One-Hit Wonder?
Despite burning through $700mn in cash in 2018, investors decided to give another $1.3bn to Sea Ltd (SE US) . We believe investors should treat Sea...
414 Views
Tencent-Backed IPOs: Back in Vogue but Positive Returns Remain Far from a Sure Thing
Tencent Holdings (700 HK)-backed IPOs are back in vogue with four listing shortly– Mogu (MOGU US), iDreamsky Technology Limited (1119 HK), Tencent...
622 Views
Tencent Music IPO - Don't Stop Me Now - 9M18 Updates, Outlook and Price Limits
Tencent Music Entertainment (TME US) is looking to raise up to US$1.2bn selling a mix of primary and secondary shares. The implied valuation is in...
847 Views