IQ Weakening H2: Deceleration in Subscription Due to Content Restriction;Worsening Ad Demand TP= $12
We are seeing that iQIYI Inc (IQ US) is struggling to simultaneously grow paying both user and monthly ARPU. Current ARPU is ~12.7RMB (less than...
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Last Week in GER Research: Wuxi Biologics Placement, Budweiser APAC IPO, Slack and CIMC Direct
Below is a recap of the key IPO and fundamental research produced by the Global Equity Research team. This week we update on the placement by Wuxi...
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Tencent Music 1Q19 Results Quick Take and the Looming US$4.85bn Lock-Up Overhang
Tencent Music Entertainment (TME US) reported its 1Q19 results post US market closing. The reason I have been tracking the 1Q19 and the 4Q18...
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Slack Technologies IPO Preview
Move over Lyft and Uber. Here comes a more exciting IPO - Slack Technologies, which is expected to complete its direct public offering (DPO) in...
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Tencent Music: A Case of Failing to Live up to Hyped Expectations
One word to describe Tencent Music Entertainment's (TME US) first conference call post IPO is uninspiring. Management does not provide concrete...
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