JD.com (JD): Good to See Cost Control, 55% Upside
JD is dismissing white-collar workers and cutting blue-collar workers’ benefits. We believe the operating margin will be 8.5% in 2019 and 16.4% in...
484 Views
Smartkarma Originals
Tencent Bull Case: Buy the Online Community Empire, Not Just a Game Operator
We believe the online community WeChat is the real main business of Tencent, because WeChat’s user base supports all business lines in Tencent and...
902 Views
Yunji (云集) IPO Review - Expensive Goods
Yunji Inc. (YJ US) is raising up to US$176m in its upcoming IPO in the US. We have covered most aspects of the IPO in Yunji (云集) Pre-IPO Review -...
587 Views
Yunji IPO: Price Range Is a No-Go
Yunji Inc. (YJ US) is a leading membership-based social e-commerce platform in China which primarily sells merchandise through its Yunji app. It...
616 Views
So-Young IPO: Unattractive Valuation
So-Young (SY US) is a leading Chinese plastic surgery platform. It announced its IPO price range of $11.80-13.80 per ADS. At the mid-point of the...
606 Views