bullish

China Internet Weekly (27Apr2020): BABA, PDD, BIDU, Xiaomi, JOBS, Most Moves Are About Cash

268 Views27 Apr 2020 11:22
SUMMARY

We believe cash balance may not tell the truth, but companies’ moves will.

  • Alibaba (BABA) plans to invest in computing infrastructure – fat cash.
  • Pinduoduo (PDD) will purchase Gome (493 HK) – fat cash.
  • Baidu (BIDU)’s internal audit – short of cash.
  • Xiaomi issues 10-year notes – short of cash.
  • 51job.com (JOBS) lays off employees in eleven branch offices – short of cash.
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