China/Asia TMT

Shawn Yang

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/ BABA/ CPNG/ SE: Temu launches in South Korea (+/-/-/-)</li>
<li>BEKE: Comments on the rumors of lowering existing mortgage interest rates and loosening home purchase restrictions of 1st tier cities(/)</li>
<li>1211HK/TSLA/XPEV/LI/NIO: NDRC introduces measures to increase car consumption ( + )</li>
</ul>


PDD/ BABA/ CPNG/ SE: Temu launches in South Korea (+/-/-/-)
BEKE: Comments on the rumors of lowering existing mortgage interest rates and loosening home purchase restrictions of 1st tier cities(/)
1211HK/TSLA/XPEV/LI/NIO: NDRC introduces measures to increase car consumption ( + )


China TMT Update-PDD/BABA/CPNG/SE/BEKE/1211HK/TSLA/XPEV/LI/NIO-Temu Launches in South Korea

<ul>
<li>KE Holdings: Beijing plans to standardize the registration and supervision process of real estate brokerage agents, and no mention of commission cap</li>
<li>2150HK : Nayuki officially announced the opening of franchise business with high requirements, bodes well for margin improvement.（+）</li>
<li>3690.HK: Meituan recruiting 3P delivery partners in lower tier markets (+)</li>
</ul>


KE Holdings: Beijing plans to standardize the registration and supervision process of real estate brokerage agents, and no mention of commission cap
2150HK : Nayuki officially announced the opening of franchise business with high requirements, bodes well for margin improvement.（+）
3690.HK: Meituan recruiting 3P delivery partners in lower tier markets (+)


China TMT Update-BEKE/2150HK/3690HK-Meituan Recruiting 3P Delivery Partners in Lower Tier Markets

<ul>
<li>LI: Li Auto said to postpone the construction of Chongqing plant (-)</li>
<li>Akeso started Phase III head-to-head trial of its Cadonilimab BsAb against BeiGene's Tislelizumab mAb for first line treatment of NSCLC（/）</li>
<li>KE Holdings: New home sales remain weak in June, and existing home price trended down for two months, expecting more supportive policy on demand side of property market.</li>
</ul>


LI: Li Auto said to postpone the construction of Chongqing plant (-)
Akeso started Phase III head-to-head trial of its Cadonilimab BsAb against BeiGene's Tislelizumab mAb for first line treatment of NSCLC（/）
KE Holdings: New home sales remain weak in June, and existing home price trended down for two months, expecting more supportive policy on demand side of property market.


China TMT Update-LI AUTO/Akeso/BEKE-Delay Chongqing Plant/Trial of Cadonilimab BsAb/New Home Sales

<ul>
<li>PDD/BABA: PDD testing large “RMB 9.9” channel entrance on the PDD app homepage (+/-)</li>
<li>BEKE: Beike announced to expand business toward industry upstream, establishing “Bei Hao Jia” business line(+)</li>
<li>Luckin Coffee &amp; Nayuki: Media survey suggest that coffee price war is hurting milk tea’s business</li>
</ul>


PDD/BABA: PDD testing large “RMB 9.9” channel entrance on the PDD app homepage (+/-)
BEKE: Beike announced to expand business toward industry upstream, establishing “Bei Hao Jia” business line(+)
Luckin Coffee &amp; Nayuki: Media survey suggest that coffee price war is hurting milk tea’s business


China TMT Update-PDD/BABA/BEKE/LUCKIN- PDD Testing “RMB 9.9” Channel;BEKE Launching “Bei Hao Jia”

Macroeconomics

<ul>
<li>Forty to sixty percent of the world’s carbon emission takes place in buildings. Energy efficiency job is the single largest component that balances the job loss</li>
<li>In traditional energy and job gain in renewable energy. China is materially behind the US in energy efficiency; We believe inclusion of energy efficiency in the upcoming stimulus package </li>
<li>Will be a sound choice to boost employment and GDP, and our listed companies in the new energy sector shall benefit from the trend.</li>
</ul>


Forty to sixty percent of the world’s carbon emission takes place in buildings. Energy efficiency job is the single largest component that balances the job loss
In traditional energy and job gain in renewable energy. China is materially behind the US in energy efficiency; We believe inclusion of energy efficiency in the upcoming stimulus package 
Will be a sound choice to boost employment and GDP, and our listed companies in the new energy sector shall benefit from the trend.


[Blue Lotus Macro]: A Job-Creating Stimulus that Also Saves the Real Estate

China

KE Holdings Inc. operates as an integrated online and offline platform for housing transactions and services. The Company offers existing and new home sales, home rentals, home renovation, real estate financial solutions, and other services. KE Holdings conducts businesses in China.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
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Dividend (Yield)	0.00

KE Holdings (BEKE US)

China TMT Update-PDD/BABA/CPNG/SE/BEKE/1211HK/TSLA/XPEV/LI/NIO-Temu Launches in South Korea

PDD/BABA/CPNG/SE: Temu launches in South Korea;BEKE: Comments on the rumors of and loosening home purchase restrictions;1211HK/TSLA/XPEV/LI/NIO:...

Blue Lotus Research Institute

China TMT Update-BEKE/2150HK/3690HK-Meituan Recruiting 3P Delivery Partners in Lower Tier Markets

KE Holdings: Beijing plans to standardize the process of real estate brokerage agents;2150HK : Nayuki announced the opening of franchise;3690.HK:...

Blue Lotus Research Institute

China TMT Update-LI AUTO/Akeso/BEKE-Delay Chongqing Plant/Trial of Cadonilimab BsAb/New Home Sales

LI: Li Auto said to postpone the construction of Chongqing plant (-);Akeso started Phase III head-to-head trial of its Cadonilimab BsAb;KE...

Blue Lotus Research Institute

China TMT Update-PDD/BABA/BEKE/LUCKIN- PDD Testing “RMB 9.9” Channel;BEKE Launching “Bei Hao Jia”

PDD/BABA: PDD testing large “RMB 9.9” channel entrance (+/-);BEKE: Beike establishing “Bei Hao Jia” (+);Luckin Coffee & Nayuki: Media survey...

Blue Lotus Research Institute

[Blue Lotus Macro]: A Job-Creating Stimulus that Also Saves the Real Estate

We believe inclusion of energy efficiency in the upcoming stimulus package will be a sound choice to boost employment and GDP, listed companies in...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)