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>NTES：Source stated that NetEase is developing a 6V6 Marvel IP third-person shooter game.（+）</li>
<li>BABA US : Analyst Call hosted by Alibaba regarding the withdrawal of the Cainiao IPO？（/）</li>
<li>BABA US : Alibaba to launch LLM for advertising. (+)</li>
</ul>


NTES：Source stated that NetEase is developing a 6V6 Marvel IP third-person shooter game.（+）
BABA US : Analyst Call hosted by Alibaba regarding the withdrawal of the Cainiao IPO？（/）
BABA US : Alibaba to launch LLM for advertising. (+)


[Blue Lotus Daily - TMT Update]:NTES/BABA

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

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.

Quantitative Analysis

<ul>
<li>We analyzed the latest HK SFC report for aggregate short position as of Mar 15th.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Techtronic Ind, Zijin Mining, Innovent Bio, Kuaishou, Pacific Basin, Citic Sec, Link Reit, CKI.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Mar 15th.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Techtronic Ind, Zijin Mining, Innovent Bio, Kuaishou, Pacific Basin, Citic Sec, Link Reit, CKI.


HK Short Interest Weekly: Techtronic Ind, Zijin Mining, Innovent Bio, Kuaishou, Pacific Basin

<ul>
<li>SHEIN/PDD: France to restrict sales of fast - fashion (-/-)</li>
<li>NTES: After The Release of The New Expansion Pack For &lt;Beyond the World&gt;, It Climbed to the 3rd Position on iOS Games Grossing Chart in China (+)</li>
<li>6618 HK：JD Health's revenue in 2H23 exceeded expectations, while profits fell short, and revenue and profit guidance for 2024 both worse than consensus（-）</li>
</ul>


SHEIN/PDD: France to restrict sales of fast - fashion (-/-)
NTES: After The Release of The New Expansion Pack For &lt;Beyond the World&gt;, It Climbed to the 3rd Position on iOS Games Grossing Chart in China (+)
6618 HK：JD Health's revenue in 2H23 exceeded expectations, while profits fell short, and revenue and profit guidance for 2024 both worse than consensus（-）


[Blue Lotus Daily - TMT Update]:SHEIN/PDD/NTES/6618 HK

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

Equity Bottom-Up

<ul>
<li>In 4Q23, Tencent experienced a one-digit growth, but its margin improved significantly.</li>
<li>We believe Tencent’s social networks will stop shrinking after the company sold movie assets to China Literature.</li>
<li>We believe the stock will have an upside of 37.5% and a price target of HK$397 for year end 2024. Buy.</li>
</ul>


In 4Q23, Tencent experienced a one-digit growth, but its margin improved significantly.
We believe Tencent’s social networks will stop shrinking after the company sold movie assets to China Literature.
We believe the stock will have an upside of 37.5% and a price target of HK$397 for year end 2024. Buy.


Tencent (700 HK): 4Q23, Slower Growth, But Higher Margin, 37% Upside

<ul>
<li>NTES: &lt;Identity V&gt; Has Reached a New High In Download Rankings In The Past 12 Months (+)</li>
<li>ZTO/1519 HK/BABA/PDD: Parcel volume last week grew 21% yoy (+)</li>
<li>BABA/SHEIN: AliExpress launches new subsidies to attract woman’s apparel merchants (+/-)  </li>
</ul>


NTES: &lt;Identity V&gt; Has Reached a New High In Download Rankings In The Past 12 Months (+)
ZTO/1519 HK/BABA/PDD: Parcel volume last week grew 21% yoy (+)
BABA/SHEIN: AliExpress launches new subsidies to attract woman’s apparel merchants (+/-)  


[Blue Lotus Daily - TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN

China

NetEase, Inc. operates as an leading internet technology company providing online services including content, community, communication, and commerce. The Company develops and operates online games, electronic commerce, internet media, innovative business, and other businesses. NetEase expands its businesses to Japan, North American, and other other international markets.

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

NetEase (9999 HK)

[Blue Lotus Daily - TMT Update]:NTES/BABA

Source stated that NetEase is developing a 6V6 Marvel IP third-person shooter game, Alibaba cancels Cainiao IPO, lAlibaba to launch LLM for...

Blue Lotus Research Institute

HK Short Interest Weekly: Techtronic Ind, Zijin Mining, Innovent Bio, Kuaishou, Pacific Basin

We analyzed the latest HK SFC report for aggregate short position as of Mar 15th and highlight short interest changes in Techtronic Ind, Zijin...

Ke Yan, CFA, FRM

[Blue Lotus Daily - TMT Update]:SHEIN/PDD/NTES/6618 HK

France to restrict sales of fast-fashion; JD Health's revenue exceeds expectations but profits fall short with worse guidance for 2024. NTES...

Blue Lotus Research Institute

Tencent (700 HK): 4Q23, Slower Growth, But Higher Margin, 37% Upside

Tencent experienced a one-digit growth, but its margin improved significantly in 4Q23. We believe Tencent’s social networks will stop shrinking...

Ming Lu

[Blue Lotus Daily - TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN

has reached a new high in download rankings, ZTO/1519 HK/BABA/PDD saw a 21% yoy growth in parcel volume, and AliExpress is offering subsidies to...

Blue Lotus Research Institute

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Blue Lotus Daily - TMT Update]:NTES/BABA

Source stated that NetEase is developing a 6V6 Marvel IP third-person shooter game, Alibaba cancels Cainiao IPO, lAlibaba to launch LLM for...

Blue Lotus Research Institute

HK Short Interest Weekly: Techtronic Ind, Zijin Mining, Innovent Bio, Kuaishou, Pacific Basin

We analyzed the latest HK SFC report for aggregate short position as of Mar 15th and highlight short interest changes in Techtronic Ind, Zijin...

Ke Yan, CFA, FRM

[Blue Lotus Daily - TMT Update]:SHEIN/PDD/NTES/6618 HK

​France to restrict sales of fast-fashion; JD Health's revenue exceeds expectations but profits fall short with worse guidance for 2024. NTES...

Blue Lotus Research Institute

Tencent (700 HK): 4Q23, Slower Growth, But Higher Margin, 37% Upside

Tencent experienced a one-digit growth, but its margin improved significantly in 4Q23. We believe Tencent’s social networks will stop shrinking...

Ming Lu

[Blue Lotus Daily - TMT Update]:NTES/ZTO/1519 HK/BABA/PDD/3690 HK/SHEIN

​ has reached a new high in download rankings, ZTO/1519 HK/BABA/PDD saw a 21% yoy growth in parcel volume, and AliExpress is offering subsidies to...

Blue Lotus Research Institute

France to restrict sales of fast-fashion; JD Health's revenue exceeds expectations but profits fall short with worse guidance for 2024. NTES...

has reached a new high in download rankings, ZTO/1519 HK/BABA/PDD saw a 21% yoy growth in parcel volume, and AliExpress is offering subsidies to...