China TMT Update June 2 - PDD/700.HK/LKNCY: Pinduoduo Starts "618 " Campaign, Investing 5 Bn RMB
PDD: Pinduoduo starts "618 Opening Red" campaign；Tencent: a large number of AI-controlled bots in "Honor of Kings"；LKNCY: COTTI Coffee opened...
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JD.com: Three Key Controversies
In this insight, we analyse JD.com’s slowing revenue growth, margin progression, net cash balance sheet, macro and industry environment, and...
509 Views
[Blue Lotus E-Commerce Sector Update]: Shein's 3P Market Impacts Temu, Amazon, and Shopify
Our recent interviews with Shein's 3P merchants suggest that Shein's newly launched 3P businesses, which include ODM and marketplace models, are...
465 Views
China TMT Update May 31 - NTES/PDD/NIO/LI-PDD Officially Launches 6.18 Event (-)
NetEase testing a new magic academy simulation game in Japan (+)/NIO/LI: NIO announces pricing details of all-new ES6 (- / +)/ PDD: PDD officially...
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Pinduoduo (PDD US): Deciphering Massive 1Q Beat
PDD’s massive 1Q beat didn’t answer the questions around its sustainability. We expect large fluctuations in earnings growth for the rest of 2023...
476 Views