Pinduoduo (PDD): High-Performing Financials, But Low-Profile Management, 23% Downside
The revenue growth accelerated and the operating margin improve in 3Q22. However, management said the performance may not continue. We believe the...
480 Views
ATRenew (RERE US): Pre-Owned Satisfaction
Unlike most tech companies, ATRenew is starting to deliver growth with profits, cash generation and share buybacks. The valuation remains undemanding.
625 Views
Weilong Delicious Global IPO - Tepid Recent Performance Still Makes It Look Expensive
Weilong Delicious Global, a spicy snack food company in China, aims to raise around US$140m in its Hong Kong IPO. In this note, we talk about the...
581 Views
China Internet Weekly (5Dec2022): JD.com, Baidu, IQiyi, Alibaba Health, ZTO, Pinduoduo, KE
Richard Liu came back to manage JD.com after he resigned half a year ago. Alibaba Health revenue increased 23% YoY in 1H23, which benefited from...
523 Views
Weekly Stock Bullfinder - Week of 12/5
As investors we are faced with a deluge of noisy breaking news, business media talking heads, and what has felt like non-stop Fed speakers offering...
573 Views