UBER Lockup Expiry: Will Softbank and Others Sell? Will an Entry Point Open Up?
UBER reported 3Q results yesterday which have been taken negatively by the market whilst its lockup expires on Wednesday, November 6. In this note,...
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WeWork Bondholders Brace for Softbank's Rescue Plan--In Silence
As I expected, The We Company (WeWork) (WE US) has gone silent (see The Tide Is Out and WeWork Bondholders Are Naked). Given the urgency of...
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Softbank G: We Company Deal Is Wrong on so Many Levels
Softbank announced it would boost its stake in We Company to 80% through the purchase of new and existing shares plus the contribution of its...
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Meituan (3690HK): Restaurant Review App, the Main Profit Source and Its Advantage over Alibaba
We believe Dianping, the restaurant review app, is the main source of Meituan’s profits. Alibaba Group Holding (BABA US) followed Dianping to...
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Softbank G: A Summer of Pain as Cornerstone Vision Fund Investments Falter
The holding company discount at Softbank Group has expanded to 47% as investor concerns on the Vision Fund expand. While it may seem that much of...
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