As Profits Turn to Losses, STO Express Retreats from Growth Strategy. Is M&A Next?
STO Express recently warned investors it would report a loss in Q3 2020. The company seems to be rethinking its aggressive pursuit of volume share,...
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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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MINISO Group IPO Initiation: Chain Reaction
MINISO Group Holdings (MNSO US) is the largest global branded variety retailer of lifestyle products, with a 5.2% market share of the GMV of the...
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Upgrading Best Inc To Speculative BUY on Expectation of Express Sector Consolidation
What is rationale? What are catalysts? Why Best and not other potential targets? Price target?
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Pressure Building: How Consolidation in China's Express Sector Might Look Over the Next Two Years
Objective of this note: How things used to work How the sector has begun changing
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