Kuaishou: Online Ad Drives Top Line Growth; Margins to Remain Under Pressure with Overseas Expansion
Kuaishou’s 1Q2021 results reveal that the company’s live streaming business growth is declining after seeing a boost during the pandemic last year.
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Tencent (700 HK): Growth Will Be Back to Level Before Pandemic, But Still Healthy, Buy
We believe the mobile game growth will be back to the level before the pandemic. WeChat Pay took advantage of AliPay’s poor relation with the govt....
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Huya Vs. Douyu – Concerning Signs for Both
With Huya and Douyu both seeing revenue growth decelerate, we remain highly concerned about Douyu's profit structure and prospects if the announced...
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Ximalaya Pre-IPO - Earnings Forecast and Valuation
Ximalaya (XIMA US), the largest online audio platform in China, is looking to raise around US$1bn in its US listing. As of 1Q21, it had 250m...
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Ximalaya Pre-IPO - Peer Comparison
Ximalaya (XIMA US), the largest online audio platform in China, is looking to raise around US$1bn in its US listing. As of 1Q21, it had 250m MAUs...
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