Youdao IPO Initiation: Chasing Growth at All Costs
Youdao (DAO US) is the online learning unit of Netease Inc (Adr) (NTES US), a 66% shareholder. Youdao aims to raise up to $300 million through an...
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Youdao, Inc (有道) Pre-IPO - Weak Conversion Rate Is a Worry
Youdao (DAO US), a subsidiary of Netease Inc (Adr) (NTES US), is looking to raise US$300m in its upcoming U.S. IPO. At its core, Dao is an online...
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Alibaba (BABA): Government Officials Will Be Stationed in 100 Non-State Companies
The Hangzhou municipal government plans to station government officials in 100 non-state companies. The public is concerned that the government...
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NetEase (NTES): Sold Import E-Commerce to Alibaba (BABA), Win-Win Deal
NetEase (NTES) sold its e-commerce platform Kaola to Alibaba Group Holding (BABA US). After the deal, Alibaba (BABA) will have more than half of...
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Tencent/NetEase: August Game Approval Analysis
Yesterday, the Chinese regulator announced the August batch of approvals for domestic games. In our previous note in July, we discuss that Tencent...
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