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>BABA/VIPS/JD/PDD/3690.HK: Online retail sales growth steady in June NBS data (+)</li>
<li>700HK/SE:Tencent's FPS game "Arena Breakout" international version was launched on July 14th (+/-)</li>
<li>XPEV : Xpeng denies planning of PHEV pipelines  ( / )</li>
</ul>


BABA/VIPS/JD/PDD/3690.HK: Online retail sales growth steady in June NBS data (+)
700HK/SE:Tencent's FPS game "Arena Breakout" international version was launched on July 14th (+/-)
XPEV : Xpeng denies planning of PHEV pipelines  ( / )


China TMT Update-BABA/VIPS/JD/PDD/3690.HK/700HK/SE/XPEV-Online Retail Sales Growth；"Arena Breakout"；

<ul>
<li>Premier Li Qiang chaired a symposium with internet platform enterprises</li>
<li>A summary of recent Meituan local news - counterattack against Douyin is showing initial effectiveness, but Wechat,Kuaishou and Xiaohongshu(Red) are coming</li>
<li>Chinese merchants' feedbacks of this year's Amazon Prime Day, a summary</li>
</ul>


Premier Li Qiang chaired a symposium with internet platform enterprises
A summary of recent Meituan local news - counterattack against Douyin is showing initial effectiveness, but Wechat,Kuaishou and Xiaohongshu(Red) are coming
Chinese merchants' feedbacks of this year's Amazon Prime Day, a summary


China TMT Update-Premier's Symposium;a Summary of Meituan Vs Douyin;feedbacks of Amazon Prime Day

<ul>
<li>PDD/BABA: PDD testing large “RMB 9.9” channel entrance on the PDD app homepage (+/-)</li>
<li>BEKE: Beike announced to expand business toward industry upstream, establishing “Bei Hao Jia” business line(+)</li>
<li>Luckin Coffee &amp; Nayuki: Media survey suggest that coffee price war is hurting milk tea’s business</li>
</ul>


PDD/BABA: PDD testing large “RMB 9.9” channel entrance on the PDD app homepage (+/-)
BEKE: Beike announced to expand business toward industry upstream, establishing “Bei Hao Jia” business line(+)
Luckin Coffee &amp; Nayuki: Media survey suggest that coffee price war is hurting milk tea’s business


China TMT Update-PDD/BABA/BEKE/LUCKIN- PDD Testing “RMB 9.9” Channel;BEKE Launching “Bei Hao Jia”

<ul>
<li>Boss Zhipin: SME Development Index rebound slightly in June, and labor subindex also marginally improved, but still far below the prosperity range</li>
<li>XPEV:  Xpeng establishes partnership with Freesbe for Israel market (+)</li>
<li>BABA/PDD/1024.HK: Taobao launched a dedicated entrance to short videos (+/-/-)</li>
</ul>


Boss Zhipin: SME Development Index rebound slightly in June, and labor subindex also marginally improved, but still far below the prosperity range
XPEV:  Xpeng establishes partnership with Freesbe for Israel market (+)
BABA/PDD/1024.HK: Taobao launched a dedicated entrance to short videos (+/-/-)


China TMT Update-BZ/XPEV/BABA/PDD/1024.HK:Taobao's Short Videos/SME Development Index/XPEV in Israel

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>PDD delivered an all-around beat in the previous quarter and the company saw clear recovery trends.</li><li>Revenue increased in the quarter and contributed to a total of RMB37.6 billion.</li><li>PDD has also launched its electronic shopping season and invested millions of RMB for promoting universal and high-quality access to reading.</li></ul>

PDD delivered an all-around beat in the previous quarter and the company saw clear recovery trends.Revenue increased in the quarter and contributed to a total of RMB37.6 billion.PDD has also launched its electronic shopping season and invested millions of RMB for promoting universal and high-quality access to reading.

PDD Holdings Inc.: 3 Major Factors Responsible For Its Recovery – Key Drivers

China

PDD Holdings Inc. is a multinational commerce group that owns and operates a portfolio of businesses. The Company focuses on digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfillment capabilities for its underlying businesses.

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PDD Holdings (PDD US)

China TMT Update-BABA/VIPS/JD/PDD/3690.HK/700HK/SE/XPEV-Online Retail Sales Growth；"Arena Breakout"；

BABA/VIPS/JD/PDD/3690.HK: Online retail sales growth steady in June NBS data (+)/700HK/SE:Tencent's FPS game "Arena Breakout" international version...

Blue Lotus Research Institute

China TMT Update-Premier's Symposium;a Summary of Meituan Vs Douyin;feedbacks of Amazon Prime Day

Premier Li Qiang chaired a symposium with internet platform enterprises; A summary of recent Meituan local news; Chinese merchants' feedbacks of...

Blue Lotus Research Institute

China TMT Update-PDD/BABA/BEKE/LUCKIN- PDD Testing “RMB 9.9” Channel;BEKE Launching “Bei Hao Jia”

PDD/BABA: PDD testing large “RMB 9.9” channel entrance (+/-);BEKE: Beike establishing “Bei Hao Jia” (+);Luckin Coffee & Nayuki: Media survey...

Blue Lotus Research Institute

China TMT Update-BZ/XPEV/BABA/PDD/1024.HK:Taobao's Short Videos/SME Development Index/XPEV in Israel

Boss Zhipin: SME Development Index rebound slightly in June;XPEV: Xpeng establishes partnership with Freesbe for Israel market (+);BABA/PDD...

Blue Lotus Research Institute

PDD Holdings Inc.: 3 Major Factors Responsible For Its Recovery – Key Drivers

PDD delivered an all-around beat in the previous quarter and the company saw clear recovery trends. Revenue increased in the quarter and...

Baptista Research

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