IQIYI: Some Flaws in the Wolfpack's Short Seller Report
QWolfpack issued a short-seller report on IQIYI last night which estimates that IQIYI inflated its 2019 revenue by RMB 8 to 13 billion, or 27% to...
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Tencent (700 HK): WeChat Pay, WeChat Ad, and Game Up 38%, 37%, and 25% in 4Q2019
Total revenues grew 25% YoY in 4Q2019, higher than the three previous quarters. Three of four main businesses grew over 20% YoY in 4Q2019. The...
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China Internet Weekly (2Mar2020): Photos of Rush Hour in Shanghai, ByteDance Starts Search App
On one hand, there is too much information on media. Some news looks related to a listed company, but does not move the needle. On the other hand,...
299 Views
Baidu Earnings Beat, Guides Q1 Core Revenue 10-18% Lower From Virus
We are pleased with management's progress on tighter cost controls and are cautiously optimistic about the Company's prospects on returning to...
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IQiyi Earnings: Optimistic Q1 Guidance Even Though Subscribers May Not Stay After Virus Period
Management guides a 2-8% YoY increase in 1Q20 revenue. Revenue guidance for 1Q20 was between RMB7.1bn to RMB7.5bn. For FY19, iQiyi revenue was...
389 Views