Cloud Village (NetEase Music) IPO: Valuation First-Look
Cloud Village is braving the moribund Chinese IPO market by pre-marketing an HKEx IPO to raise around $1 bn. In this note, we present our forecasts...
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Tencent (700 HK): Meituan Wins in Mini-Program, But Actually Tencent Wins
Apps are over-crowded in mobile handsets and the time of mini-program is coming. WeChat is the largest mini-program platform. We raise a case of...
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Global Equity Strategy: Growth Sectors Continue To Improve -- Add Exposure
Building off of last week's report, growth Sectors such as Technology and Communications continue to improve and we recommend adding exposure...
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DiDi Chuxing IPO Trading - Upsize Will Ensures Index Inclusion, Lock-Up Remains a Wildcard
DiDi Chuxing (DIDI US), the world’s largest mobility technology platform, raised around US$4.4bn in its US listing. It is backed by Softbank Group...
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China Online Education - Diversified Revenue Stream Wins Here - Balance in All Things
China online education are trading about 60% lower on average since a year ago. This was largely due to expectations that there will be tightening...
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