Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Bottom-Up

Alibaba Group Holding  / Equity Bottom-Up

<ul>
<li>The app “YouCam Makeup” is on the Indian China-based app blacklist.</li>
<li>The app is owned by Perfect Corp, in which Alibaba is an investor. However, the founder of Perfect Corp is a Taiwanese. We do not believe the company steals data for Beijing.</li>
<li>The investment is not significant for Alibaba. However, we believe <a href="https://www.smartkarma.com/entities/cyberlink-corp" target="_blank" data-smartkarma-citation="entities:16439:1" rel="noopener">Cyberlink Corp (5203 TT)</a>, as Perfect Corp’s parent company, will be negatively impacted.</li>
</ul>


The app “YouCam Makeup” is on the Indian China-based app blacklist.
The app is owned by Perfect Corp, in which Alibaba is an investor. However, the founder of Perfect Corp is a Taiwanese. We do not believe the company steals data for Beijing.
The investment is not significant for Alibaba. However, we believe Cyberlink Corp (5203 TT), as Perfect Corp’s parent company, will be negatively impacted.


Alibaba (BABA): Innocent Taiwanese Investee in India Blacklist

<ul class="">
<li>We summarize a list of public companies which own the apps blacklisted by the Indian government.</li>
<li>Alibaba (BABA)’s physical store, Freshippo, will start a wholesale business.</li>
<li>Tencent (700 HK) was defrauded by fake stamps.</li>
<li>JD.com (JD) provides financial support to Gome (493 HK).</li>
<li>Pinduoduo (PDD)’s founder resigned as CEO.</li>
</ul>


We summarize a list of public companies which own the apps blacklisted by the Indian government.
Alibaba (BABA)’s physical store, Freshippo, will start a wholesale business.
Tencent (700 HK) was defrauded by fake stamps.
JD.com (JD) provides financial support to Gome (493 HK).
Pinduoduo (PDD)’s founder resigned as CEO.


China Internet Weekly (6July2020): Chinese Public Companies in Indian App Blacklist

Taiwan

CyberLink Corp. develops and markets digital video and audio application software. The company's products utilize personal computers' audio and video capabilities to develop applications such as digital video recordings, multimedia slide shows, digital versatile disc (DVD) playbacks, and video communication tools.

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Cyberlink Corp (5203 TT)

Alibaba (BABA): Innocent Taiwanese Investee in India Blacklist

The app “YouCam Makeup” is on the Indian China-based app blacklist. The app is owned by Perfect Corp, in which Alibaba is an investor. However,...

Ming Lu

China Internet Weekly (6July2020): Chinese Public Companies in Indian App Blacklist

We summarize a list of public companies which own the apps blacklisted by the Indian government. Alibaba (BABA)’s physical store, Freshippo, will...

Ming Lu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)