In today’s briefing:
- China TMT Update (May.12) – Shein/PDD/700.HK/BABA/JD/ZLAB:Shein’s Newly-Launched Marketplace
- Mat-Chem Notes : For the Week Ended May 5, 2023
China TMT Update (May.12) – Shein/PDD/700.HK/BABA/JD/ZLAB:Shein’s Newly-Launched Marketplace
- Shein/PDD: Our check and local media reports of Shein’s newly-launched marketplace, and implication to PDD (-)
- PDD/700.HK/BABA/JD: China major Ecommerce platform’s low price strategy in 6/18 promotion (-/+/+/+)
- ZLAB：ZLAB revenue met our expectation while loss greatly beat our expectation on reduced R&D
Mat-Chem Notes : For the Week Ended May 5, 2023
WTR-CMI for the week. It was another down week for the market, with both the Russell 2000 (down 0.5%) and the S&P 500 (down 0.8%) losing value.
Our WTR-CMI index underperformed, losing 1.8%, dragged down by NGVT, ASH, and EAF, as they delivered disappointing results and provided more cautious guidance.
April auto sales looking up. Germany’s new passenger vehicle sales increased 13% Y/Y, while French sales increased 22% Y/Y.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
