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>XPEV/LI/NIO/1211HK/TSLA: China extends NEV purchase tax exemption until end of 2025 (+)</li>
<li>NTES: NetEase's  racing game "Racing Master" officially launched（ - ）</li>
<li>700HK： Tencent Cloud launches its own Industry-Specific Large Language Models to Drive Intelligent Upgrades for Enterprises（+）</li>
</ul>


XPEV/LI/NIO/1211HK/TSLA: China extends NEV purchase tax exemption until end of 2025 (+)
NTES: NetEase's  racing game "Racing Master" officially launched（ - ）
700HK： Tencent Cloud launches its own Industry-Specific Large Language Models to Drive Intelligent Upgrades for Enterprises（+）


China TMT Update-Xpev/Li/Nio/1211hk/Tsla/NTES/700HK: Extends NEV Purchase Tax Exemption Until 2025

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Chinese regulators approved 89 new video games in June, the largest batch this year, bringing the number of new approvals in the first half to 521 and topping the total for all of last year.</li><li>NetEase, China’s second-largest gaming company, received a license for Where Winds Meet, an interactive open world action-adventure game, for mobile and personal computers.</li><li>Tencent Holdings Ltd., the world’s largest gaming company, was absent from the list after it received several approvals earlier this year.</li></ul>

Chinese regulators approved 89 new video games in June, the largest batch this year, bringing the number of new approvals in the first half to 521 and topping the total for all of last year.NetEase, China’s second-largest gaming company, received a license for Where Winds Meet, an interactive open world action-adventure game, for mobile and personal computers.Tencent Holdings Ltd., the world’s largest gaming company, was absent from the list after it received several approvals earlier this year.

China Clears 89 More New Video Games in June

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>NetEase delivered a mixed result in the recent quarter with revenues above market expectations but it failed to surpass the analyst consensus in terms of earnings.</li><li>The company experienced positive momentum with increased net revenues and significant growth in net income attributable to NetEase shareholders.</li><li>The company's strong growth in Q3, with increased revenues, robust net income, and sustained Chinese audience engagement, positions them for future success.</li></ul>

NetEase delivered a mixed result in the recent quarter with revenues above market expectations but it failed to surpass the analyst consensus in terms of earnings.The company experienced positive momentum with increased net revenues and significant growth in net income attributable to NetEase shareholders.The company's strong growth in Q3, with increased revenues, robust net income, and sustained Chinese audience engagement, positions them for future success.

NetEase Inc.: Launch of Multifunctional Studio & Other Developments

<ul>
<li>700.HK/NetEase: Tencent's in-development project codenamed "Paradise" started recruiting players for its closed beta test. </li>
<li>BGNE: AbbVie sued BeiGene over patent infringement on BRUKINSA (-)</li>
<li>002352.SZ: SF Express may cooperate with J&amp;T on international logistics (+)</li>
</ul>


700.HK/NetEase: Tencent's in-development project codenamed "Paradise" started recruiting players for its closed beta test. 
BGNE: AbbVie sued BeiGene over patent infringement on BRUKINSA (-)
002352.SZ: SF Express may cooperate with J&amp;T on international logistics (+)


China TMT Update - 700.HK/NTES/BGNE/2352.SZ: Tencent's In-Development Project "Paradise" Start Test.

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 Jun 2nd.</li>
<li>Top short increases and decreases were tabulated for one week and four week period. </li>
<li>We highlight short changes in Baba, Byd Company, Jd, Kuaishou, Jd Logistics, Ccb, Ntes.</li>
</ul>


We analyzed the latest HK SFC report for aggregate short position as of Jun 2nd.
Top short increases and decreases were tabulated for one week and four week period. 
We highlight short changes in Baba, Byd Company, Jd, Kuaishou, Jd Logistics, Ccb, Ntes.


HK Short Interest Weekly: Baba, BYD, Jd, Kuaishou, Jd Logistics, CCB, Ntes

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.

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NetEase (9999 HK)

China TMT Update-Xpev/Li/Nio/1211hk/Tsla/NTES/700HK: Extends NEV Purchase Tax Exemption Until 2025

XPEV/LI/NIO/1211HK/TSLA: China extends NEV purchase tax exemption until 2025/ NTES: "Racing Master" officially launched/700HK： Tencent Cloud...

Blue Lotus Research Institute

China Clears 89 More New Video Games in June

Chinese regulators approved 89 new video games in June, the largest batch this year, bringing the number of new approvals in the first half to 521...

Caixin Global

NetEase Inc.: Launch of Multifunctional Studio & Other Developments

NetEase delivered a mixed result in the recent quarter with revenues above market expectations but it failed to surpass the analyst consensus in...

Baptista Research

China TMT Update - 700.HK/NTES/BGNE/2352.SZ: Tencent's In-Development Project "Paradise" Start Test.

700.HK/NetEase: Tencent's in-development project codenamed "Paradise" started beta test；BGNE: AbbVie sued BeiGene over patent infringement on...

Blue Lotus Research Institute

HK Short Interest Weekly: Baba, BYD, Jd, Kuaishou, Jd Logistics, CCB, Ntes

We analyzed the latest HK SFC report for aggregate short position as of Jun 2nd and highlight short interest changes in Baba, Byd Company, Jd,...

Ke Yan, CFA, FRM

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