Smart Share Global (怪兽充电) IPO Trading - Cheaper Now but Still May Not Be Enough
Smart Share Global (EM US) (SSG), also known as Energy Monster, raised about US$150m at US$8.50 per ADS, below the bottom-end of its initial price...
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Smart Share Global (怪兽充电) IPO - Overcharged
Smart Share Global (EM US) (SSG), also known as Energy Monster, is looking to raise up to US$219m in its U.S. IPO. SSG is a consumer tech company...
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China ADRs- Blocks, Liquidation, Buyback - Implications
On 25th Mar 2021, we wrote about the knee jerk correction in some of the China ADRs. Since then the ADRs have corrected further. In this note, we...
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Hong Kong Connect Flows: Tencent/Meituan Flow Divergence
We highlight inflows into Tencent Holdings Limited (700 HK), as well as outflows from Meituan (3690 HK), and Smoore International Holdings Limited...
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Meituan (3690 HK): Q4, “Community Group Purchase” Broke Bottom Line
“Initiatives” lost RMB6 billion in operation in 4Q20, as Meituan joined a price war of community group purchase.We do not believe Meituan will win,...
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