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...
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Amazon (AMZN): Has Failed and Will Continue to Fail in China – From a Regular Shopper’s Perspective
Amazon decides to close out its third-party retailing in China. We believe Amazon fails in China because it is over-confident in its awareness and...
478 Views
GEM Active Funds: Big Q1 Outperformance
Global Emerging Market funds made a strong start to 2019, with just over two-thirds of funds outperforming the benchmark, generating an average...
568 Views
JD.com (JD): Cancels Delivery Man’s Basic Salary, Adapts to Growth of Commission Business
* JD cut delivery men’s salary by 25% last week. * JD ever generated cash flows by accounts payable in direct sales, but cost control is necessary...
645 Views
Ruhnn (如涵) IPO Review - Expensive Influence
Ruhnn Holding Ltd (RUHN US) is looking to raise up to US$155m in its upcoming IPO. We have previously covered the company's fundamentals in: Ruhnn...
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