Ant Group Pre-IPO: Deal Structure, PHIP Updates, Short-Term Trades
Ant Group plans to raise up to USD35bn in its IPO. We have covered various aspects of the deal in our earlier notes. In this note, I'll talk about...
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Is Chinese Tourism Really a 'Growth' Industry?
The effects of the Covid19 pandemic aside, we believe strong (10%+) growth in underlying Chinese tourism demand is becoming more elusive.
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Dida Pre-IPO - Making Hay While Big Brother Retreats
Dida, a technology driven mobility platform in China, aims to raise around US$400m in its Hong Kong IPO. The company is backed by JD.com,...
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China Internet Weekly (12Oct2020): Tourist Number Recovered to 80% of Last National Day Holidays
China's National Day tourists reflect how much the economy recovered. The holidays were from October 1 to 8. We believe people were willing to...
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Asia Short Interest Weekly: Tencent, HSBC, Netease, Kubota, DoCoMo, Kakao, LG Chem, Largan, UMC
The Asia Short Interest weekly looks at moves in market wide short interest and highlights movements in stock specific short interest across Hong...
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