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

[Blue Lotus Multi-Platform Sector Update]: ByteDance Forecasts and Implications for China Internet

[Blue Lotus Sector Update]: Is There a Good Capacity War from China?

[Blue Lotus Sector Update]: In Solar PV Winners Go to One Who Count the Pennies

China TMT Update-BEKE/2150HK/3690HK-Meituan Recruiting 3P Delivery Partners in Lower Tier Markets

China TMT Update-ATAT/XPEV-The VW Brand Cooperate with Xpeng;G6 Capacity;Legacy-Huazhu 2Q23 RevPAR

China TMT Update-NIO/BEKE/LEGN-NIO to Offer Single-Motor Model;Political Bureau Shifted Tone

China TMT Update-BABA/BGNE/9926HK/9995HK/1801HK/1877HK/LGNE/ZLAB/BEKE-Baba's Annual Report/NHSA Rule

China/Asia TMT

Shawn Yang

Thematic (Sector/Industry)

China Consumer discretionary / Thematic (Sector/Industry)

<ul>
<li>The phenomenon of Chinese vendors taking terms to launch price wars, diminishing industry’s profitability is a headache. </li>
<li>We conclude the reason is China’s technology lead is so slim that price wars against each other is the only way to stay in the game;</li>
<li>Although renewable energy has long and expansive value chains, transportation is a separate node. China’s success in EV has strategic value for a wide range of industries.</li>
</ul>


The phenomenon of Chinese vendors taking terms to launch price wars, diminishing industry’s profitability is a headache. 
We conclude the reason is China’s technology lead is so slim that price wars against each other is the only way to stay in the game;
Although renewable energy has long and expansive value chains, transportation is a separate node. China’s success in EV has strategic value for a wide range of industries.
