Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Thematic (Sector/Industry)

<ul>
<li>PDD US/CPNG US/4385 JP/4689 JP/4755 JP: Temu to launch semi-consignment in Japan and South Korea in October (+/-/-/-/-)</li>
<li>BABA US: Alibaba upgrades it AI generated fashion model tool (+)</li>
<li>BABA US: Alibaba’s C2C platform Idle Fish to charge commissions in September (+)</li>
</ul>


PDD US/CPNG US/4385 JP/4689 JP/4755 JP: Temu to launch semi-consignment in Japan and South Korea in October (+/-/-/-/-)
BABA US: Alibaba upgrades it AI generated fashion model tool (+)
BABA US: Alibaba’s C2C platform Idle Fish to charge commissions in September (+)


[Blue Lotus Daily-TMT Update]:PDD US/CPNGUS/4385JP/4689JP/4755JP/BABA US/1024HK/JD US/3690HK/700HK

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

BrainBees Solutions / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/brainbees-solutions" target="_blank" data-smartkarma-citation="entities:36115:1" rel="noopener">BrainBees Solutions (FirstCry)</a> raised around US$500m in its India IPO.</li>
<li>FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.</li>
<li>In our previous notes, we looked at the company’s past performance and valuations. In this note, we talk about the trading dynamics.</li>
</ul>



BrainBees Solutions (FirstCry) raised around US$500m in its India IPO.
FirstCry is India’s largest multi-channel retailing platform for Mothers’, Babies’ and Kids’ products in terms of GMV, for the year ending Dec 2022 (9M23), according to RedSeer.
In our previous notes, we looked at the company’s past performance and valuations. In this note, we talk about the trading dynamics.


Brainbees (FirstCry) IPO Trading - Decent Subscription and Valuation

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>Post market close on Friday, Hang Seng Indexes will announce the changes for the <a href="https://www.smartkarma.com/entities/hong-kong-hang-seng-index" target="_blank" data-smartkarma-citation="entities:22899:1" rel="noopener">Hang Seng Index (HSI INDEX)</a> that will be implemented at the close on 6 September.</li>
<li>With no constituent changes in March and 1 add/1 delete in June, there could be more changes in September with Health Care stocks among the potential inclusions.</li>
<li>Changes to the Hang Seng Industry Classification System (HSICS) will be implemented from the September rebalance and that will alter industry coverage.</li>
</ul>


Post market close on Friday, Hang Seng Indexes will announce the changes for the Hang Seng Index (HSI INDEX) that will be implemented at the close on 6 September.
With no constituent changes in March and 1 add/1 delete in June, there could be more changes in September with Health Care stocks among the potential inclusions.
Changes to the Hang Seng Industry Classification System (HSICS) will be implemented from the September rebalance and that will alter industry coverage.


Hang Seng Index (HSI) Rebalance Preview: Inclusion Candidates for September

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

Equity Bottom-Up

<ul>
<li>The retail deliveries of NEV (new energy vehicle) increased by 37% YoY in July.</li>
<li>One of Alibaba’s supermarket chains, Freshippo, will sell its OEM goods, on Lazada.</li>
<li>Tencent will formally start the game, Arena Breakout: Infinite, in August.</li>
</ul>


The retail deliveries of NEV (new energy vehicle) increased by 37% YoY in July.
One of Alibaba’s supermarket chains, Freshippo, will sell its OEM goods, on Lazada.
Tencent will formally start the game, Arena Breakout: Infinite, in August.


China Consumption Weekly (12 Aug 2024): Geely, Li Auto, JD.com, Alibaba, Tencent, DDL

<ul>
<li>BABA US/PDD US/JD US: Douyin launches new merchant tool designed to avoid low-price competition (+/+/+)</li>
<li>BABA US/JD US: JD strategy change to focus on beauty products (-/+)</li>
<li>BABA US: Freshippo launches self-branded products on the Lazada. (/)</li>
</ul>


BABA US/PDD US/JD US: Douyin launches new merchant tool designed to avoid low-price competition (+/+/+)
BABA US/JD US: JD strategy change to focus on beauty products (-/+)
BABA US: Freshippo launches self-branded products on the Lazada. (/)


[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/3690 HK/700 HK/BILI US

China

JD.com, Inc. is an online direct sales company in China. The Company offers a wide selection of products through its website and mobile applications. JD.com sells appliances, computers, digital products, communication products, garments, books, and household items to consumers and vendors.

Price Gauge
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JD.com (9618 HK)

[Blue Lotus Daily-TMT Update]:PDD US/CPNGUS/4385JP/4689JP/4755JP/BABA US/1024HK/JD US/3690HK/700HK

Temu to launch semi-consignment in Japan and South Korea; Alibaba upgrades AI fashion model tool and Idle Fish to charge commissions.

Blue Lotus Research Institute

Brainbees (FirstCry) IPO Trading - Decent Subscription and Valuation

BrainBees Solutions (FirstCry) raised around US$500m in its India IPO. In this note, we talk about the trading dynamics.

Sumeet Singh

Hang Seng Index (HSI) Rebalance Preview: Inclusion Candidates for September

Announcement on Friday post market close. Health Care industry still underweight. Index committee has a lot of discretion in stock selection. We...

Brian Freitas

China Consumption Weekly (12 Aug 2024): Geely, Li Auto, JD.com, Alibaba, Tencent, DDL

The retail deliveries of NEV increased by 37% YoY in July. Freshippo will sell its OEM goods on Lazada. Tencent will formally start the game...

Ming Lu

[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/3690 HK/700 HK/BILI US

Chinese e-commerce giants are implementing new strategies to combat low-price competition and focus on beauty products, with Freshippo launching...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily-TMT Update]:PDD US/CPNGUS/4385JP/4689JP/4755JP/BABA US/1024HK/JD US/3690HK/700HK

​Temu to launch semi-consignment in Japan and South Korea; Alibaba upgrades AI fashion model tool and Idle Fish to charge commissions.

Blue Lotus Research Institute

Brainbees (FirstCry) IPO Trading - Decent Subscription and Valuation

BrainBees Solutions (FirstCry) raised around US$500m in its India IPO. In this note, we talk about the trading dynamics.

Sumeet Singh

Hang Seng Index (HSI) Rebalance Preview: Inclusion Candidates for September

Announcement on Friday post market close. Health Care industry still underweight. Index committee has a lot of discretion in stock selection. We...

Brian Freitas

China Consumption Weekly (12 Aug 2024): Geely, Li Auto, JD.com, Alibaba, Tencent, DDL

The retail deliveries of NEV increased by 37% YoY in July. Freshippo will sell its OEM goods on Lazada. Tencent will formally start the game...

Ming Lu

[Blue Lotus Daily-TMT Update]:BABA US/PDD US/JD US/3690 HK/700 HK/BILI US

​Chinese e-commerce giants are implementing new strategies to combat low-price competition and focus on beauty products, with Freshippo launching...

Blue Lotus Research Institute

Temu to launch semi-consignment in Japan and South Korea; Alibaba upgrades AI fashion model tool and Idle Fish to charge commissions.

Chinese e-commerce giants are implementing new strategies to combat low-price competition and focus on beauty products, with Freshippo launching...