JD.com (JD): The Real Main Business Grew 46% YoY, and Not 20% YoY in 4Q2018
We believe the real main business line is service (commission), but not product (direct sales). In 4Q2018, service revenues grew by 46% YoY, but...
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Retail Margin Loans Funded Refueling China’s A-Share Market
Yesterday in Beijing, China Securities News published an article highlighting President Xi’s calling for stock market to become a nation’s core...
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Koolearn: Marketing Expenses Have Taken Operating Profits Down the Drain
Koolearn updated its IPS prospectus and posted operating losses for 1H2019 (ended Nov. 2018). The company spent significantly on online promotion,...
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Teasing Updates on CaiNiao Network & Ele.me Out of Alibaba's Q3 Results
A set of generally solid Q3FY19 earnings results from Chinese e-commerce giant Alibaba Group Holding (BABA US) also yielded some interesting...
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Chinese Ecommerce Q4 Earnings Previews: BABA (+); JD (-); BZUN (-)Related - GOOS (+)
Investors have started to show widening divergence in macro views and consequent equity strategies in 2019. Bulls believe that capital markets are...
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