China/Asia TMT

Shawn Yang

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

Thematic (Sector/Industry)

<ul>
<li>BILI: Douyin launches a new APP "Qingtao", similar to BILI (-)</li>
<li>Baidu's ERNIE Bot exceeds expectations from user feedbacks (+); BABA/3635JP: &lt;Three Kingdoms: War Chess Version&gt; performance slightly above average (+/+)</li>
<li>BeiGene's termination of DKK1 collaboration with Leap is likely because its PD-L1 already got positive Phase III result on the same indication（/）</li>
</ul>


BILI: Douyin launches a new APP "Qingtao", similar to BILI (-)
Baidu's ERNIE Bot exceeds expectations from user feedbacks (+); BABA/3635JP: &lt;Three Kingdoms: War Chess Version&gt; performance slightly above average (+/+)
BeiGene's termination of DKK1 collaboration with Leap is likely because its PD-L1 already got positive Phase III result on the same indication（/）


China TMT Update(Mar.21): BILI/BIDU/BABA/3635.JP/BGNE - Douyin Launches "Qingtao", Similar to BILI

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Funds / Regulators tighten grip on China’s $2.9 trillion private fund industry</li><li>Fugitive / Fugitive billionaire Guo Wengui arrested in New York</li><li>Yuan / HKEX applies to launch yuan counter for Hong Kong-listed shares</li></ul>

Funds / Regulators tighten grip on China’s $2.9 trillion private fund industryFugitive / Fugitive billionaire Guo Wengui arrested in New YorkYuan / HKEX applies to launch yuan counter for Hong Kong-listed shares

CX Daily: Regulators Tighten Grip on China’s $2.9 Trillion Private Fund Industry

<ul>
<li>1024HK：China's consumer rights gala exposes problems of livestreaming industry, Kuaishou receives a warning（-）</li>
<li>BIDU：Baidu ERNIE bot press conference is held， there result is not promising（-）</li>
<li>Gaming Industry: Game-related proposals during Two Sessions indicate positive attitude for gaming industry (+)</li>
</ul>


1024HK：China's consumer rights gala exposes problems of livestreaming industry, Kuaishou receives a warning（-）
BIDU：Baidu ERNIE bot press conference is held， there result is not promising（-）
Gaming Industry: Game-related proposals during Two Sessions indicate positive attitude for gaming industry (+)


China TMT Update (Mar.17): 1024.HK/BIDU/700.HK/NTES：Baidu ERNIE Bot Press Conference Is Held

<ul>
<li>We recently conducted a round of interviews of several major Chinese online advertising agencies. We conclude that there has been slower-than-expected recovery in February.</li>
<li>Among major advertisers, travel, local service, medical service, and eCommerce have better performances. Gaming, automobile, and FMCG remain weak.</li>
<li>Tencent is still our top pick; maintain BUY to Baidu and Weibo; SELL to Kuaishou and BILI</li>
</ul>


We recently conducted a round of interviews of several major Chinese online advertising agencies. We conclude that there has been slower-than-expected recovery in February.
Among major advertisers, travel, local service, medical service, and eCommerce have better performances. Gaming, automobile, and FMCG remain weak.
Tencent is still our top pick; maintain BUY to Baidu and Weibo; SELL to Kuaishou and BILI


Tencent, Baidu, Weibo, Kuaishou and Bili: Online Ads Show Slow Recovery Trend

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Baidu managed to deliver an all-around in the last quarter beat despite the fact that its financial performance was impacted by a challenging environment because of a rapid rise in COVID-19 cases as well as its impact on the broader economy.</li><li>Both feeds distributed through the Baidu app and mobile search queries continued experiencing double-digit growth in the quarter.</li><li>Baidu is expected to launch Ernie Bot, its new conversational AI bot, powered by its latest in-house large language models, to counter ChatGPT.</li></ul>

Baidu managed to deliver an all-around in the last quarter beat despite the fact that its financial performance was impacted by a challenging environment because of a rapid rise in COVID-19 cases as well as its impact on the broader economy.Both feeds distributed through the Baidu app and mobile search queries continued experiencing double-digit growth in the quarter.Baidu is expected to launch Ernie Bot, its new conversational AI bot, powered by its latest in-house large language models, to counter ChatGPT.

Baidu Inc.: Ernie Bot As An Aftermath Of The ChatGPT Effect? Check Out The Key Drivers

China

Baidu, Inc. operates an Internet search engine. The Company offers algorithmic search, enterprise search, news, MP3, and image searches, voice assistance, online storage, and navigation services. Baidu serves clients globally.

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Baidu (BIDU US)

China TMT Update(Mar.21): BILI/BIDU/BABA/3635.JP/BGNE - Douyin Launches "Qingtao", Similar to BILI

BILI: Douyin launches "Qingtao", similar to BILI; BIDU: Baidu's ERNIE Bot exceeds expectations from user feedbacks BABA/3635JP: <Three Kingdoms:...

Blue Lotus Research Institute

CX Daily: Regulators Tighten Grip on China’s $2.9 Trillion Private Fund Industry

Regulators tighten grip on China’s $2.9 trillion private fund industry. Fugitive billionaire Guo Wengui arrested in New York. HKEX applies to...

Caixin Global

China TMT Update (Mar.17): 1024.HK/BIDU/700.HK/NTES：Baidu ERNIE Bot Press Conference Is Held

BIDU：Baidu ERNIE bot press conference is held（-）；1024HK：China's consumer rights gala exposes problems of livestreaming industry（-）；Game-related...

Blue Lotus Research Institute

Tencent, Baidu, Weibo, Kuaishou and Bili: Online Ads Show Slow Recovery Trend

We recently conducted a round of interviews of several major Chinese online advertising agencies. We conclude that there has been slower-than...

Blue Lotus Research Institute

Baidu Inc.: Ernie Bot As An Aftermath Of The ChatGPT Effect? Check Out The Key Drivers

Baidu managed to deliver an all-around in the last quarter beat despite the fact that its financial performance was impacted by a challenging...

Baptista Research

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