Bilibili: (BILI): 3Q21, Revenue and Users Growing Fast, Loss Problem Larger than It Looks
Value added service and advertising grew rapidly in 3Q21, but we believe there are problems in the way BILI loses money. BILI is overvalued based...
210 Views
Tencent – Riot Grows Valorant and Dips Its Toe in the Metaversal Waters
Valorant continues to grow, having apparently overtaken CS:GO in gross billings in January of this year while Riot also appears to be testing the...
206 Views
Tencent Holdings – Seinfeld-Ian Roadshow
TENCENT: Tencent addressed matters it had already discussed at its challenged 3Q21 results. Unfortunately there was no serious discussion of...
191 Views
Paytm IPO Trading - Largest IPO with Lowest Coverage, Skipped by Domestics
Paytm (PAYTM IN) raised around US$2.5bn via selling a mix of primary and secondary shares in its India IPO. In this note, we will talk about the...
379 Views
Hong Kong Connect Flows: Chinese Buying Tencent Before Results
We highlight inflows into Tencent (700 HK), Pop Mart (9992 HK), Kuaishou (1024 HK), as well as outflows from Wuxi Biologics (Cayman) Inc. (2269 HK).
130 Views