China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

Surprise! The Biggest Beneficiary of Cloud DeepSeek Is Tencent...Will Manus Be the Same?

[Blue Lotus Non-US Internet Weekly, 10/52]: Manus Signals the Excitement of Innovation Has Sunk In

[Blue Lotus Non-US Internet Weekly, 11/52]: Chinese Internet Making Inroads Overseas

[Blue Lotus Non-US Internet Weekly, 7/52]: Xi's Meeting with Ma Went Way Beyond Just Reconciliation

[Blue Lotus China New Consumer Weekly, 8/52] Existing Home Recovers First Post CNY

[Blue Lotus Non-US Internet Weekly, 8/52]: Is JD's Entry to Catering Real or Just Posturing?

Blue Lotus Non US Internet research, Blue Lotus Research Institute

Ying Pan

Blue Lotus Non US Internet research

Thematic (Sector/Industry)

China Software and services / Thematic (Sector/Industry)

<ul>
<li>DeepSeek's (DS) own traffic declined as rivals launching white-label DS service but DS published research paper showing unmatched profit margin of 85%;</li>
<li>JD's take out initiative update: We think JD is serious but its effort will be in vain. We think JD.com knows it too.</li>
<li>Shopee and Lazada colluded to raise commission in SE Asia, benefiting both with no loss of market share.</li>
</ul>


DeepSeek's (DS) own traffic declined as rivals launching white-label DS service but DS published research paper showing unmatched profit margin of 85%;
JD's take out initiative update: We think JD is serious but its effort will be in vain. We think JD.com knows it too.
Shopee and Lazada colluded to raise commission in SE Asia, benefiting both with no loss of market share.


[Blue Lotus Non-US Internet Weekly, 9/52]: DeepSeek (DS) New Research Paper Showed 85% Profit Margin