TME: Says Order on Music Rights Have Some Impact but User No’s and ARPPU Already Under Pressure
TME has said that the regulatory order to give-up music rights will have some impact on its business operations, but we have observed that the...
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ECM Weekly (8th August 2021) - Li Auto, Cloud Village, CarTrade, Kakao Bank, Bukalapak, Huitongda
Aequitas Research puts out a weekly update on the deals that have been covered by the team recently along with updates for upcoming IPOs.
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CV Vs TME: Improving Financials and Outspending TME on Content Cost - Reason for Absence of Profits
Having access to exclusive music licensing helped TME dominate market, however, TME having to give-up on exclusive rights should offer a more level...
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Cloud Village (NetEase Music) IPO: Valuation First-Look
Cloud Village is braving the moribund Chinese IPO market by pre-marketing an HKEx IPO to raise around $1 bn. In this note, we present our forecasts...
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Cloud Village IPO (PHIP): Getting Better
Cloud Village’s paid user numbers have grown steadily over the past 2-3 years, and we expect the company’s paid users to continue to expand with...
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