GEM Weekly (31 Mar 2023): South Korea, China Macro; Baidu, PDD, Aramco, Alibaba, SK Hynix, JD.com
The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of...
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Tencent: Next Candidate for an Alibaba Style Split?
As Alibaba is splitting its business into six mini-Babas, some speculate that Tencent could be the next candidate. Unlike Alibaba, Tencent’s...
521 Views
JD.com (9618 HK) Announces TWO Spin-Offs (That Were Always Going To Be Spinoffs)
JD.com has announced the proposed spinoff+listing of two subs in HK. No spinoff of shares to JD.com shareholders. Properties could be big....
622 Views
Meituan (3690 HK) Distro - Prosus Shares Hit CCASS. What We Know And What We Don't Know
Tencent's distribution of Meituan is fully-delivered. About 2.3mm shares in limbo (to be liquidated for cash). Prosus' shares at GS Monday....
587 Views
Tencent Meituan Dividend - All Shares in CCASS - More Pressure Now but Will Have a Shorter Overhang
On 16th Nov 22, Tencent declared an interim dividend by way of distribution in specie of Class B Ordinary shares of Meituan. In this note, we talk...
368 Views