Zhihu (知乎) IPO - Monetizing Curiosity
Zhihu Technology (ZH US) is looking to raise about US$1bn (including concurrent placement) in its U.S. IPO. Zhihu is a question-and-answer (Q&A)...
353 Views
China’s Congress on AST Industry Oversight: Mostly Rhetoric, Little Practicality
The crackdown on irregular AST businesses, if seriously implemented, will wipe out small operators (mostly mom and pops), and leave the big ones...
215 Views
China Internet Weekly (Mar 8): New Law Limits BABA & Tencent’s Loan Biz, BIDU Starts Car Production.
The new law impacts Alibaba and Tencent loan business. Alibaba is strengthening its “community group purchase” of fresh food. Trip.com was still in...
246 Views
Youdao (有道) Placement - Reasonable Valuation with Strong Growth Momentum
Youdao (DAO US) is looking to raise about US$240m in its follow-on offering. In this note, we will briefly look at Q3 2020 results, share our...
373 Views
China Internet Weekly (14Dec2020): WeChat Banned Third-Party Apps, Ambassadors Visited Xiaomi
The Politburo of China said it would prevent capital from expanding disorderly. Tencent WeChat prevents third-part apps from using WeChat freely....
285 Views