Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

E-Commerce in Japan 2021-22: Another High Growth Year

IStyle's @Cosme Gets a Boost from Amazon Investment

Rakuten’s Netsuper Expands with New Partners

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/shopify-inc-de74469e-4678-489b-9b50-a80a5790c5ef" target="_blank" data-smartkarma-citation="entities:25906:1" rel="noopener">Shopify Inc (SHOP US)</a> 's share price declined by -15% in after hours trade on weaker-than-expected US E-commerce trends</li>
<li>
<a href="https://www.smartkarma.com/entities/mercari-inc" target="_blank" data-smartkarma-citation="entities:27149:1" rel="noopener">Mercari Inc (4385 JP)</a> 's US business is highly correlated with its US peer, as is its stock price</li>
<li>A normalisation of e-commerce trends could also impact its much larger Japanese GMV as consumers shift spending patterns back to normal </li>
</ul>



Shopify Inc (SHOP US) 's share price declined by -15% in after hours trade on weaker-than-expected US E-commerce trends

Mercari Inc (4385 JP) 's US business is highly correlated with its US peer, as is its stock price
A normalisation of e-commerce trends could also impact its much larger Japanese GMV as consumers shift spending patterns back to normal 


Mercari (4385) | We Were Wrong…its Worse