Cloud Village IPO (PHIP): Earnings Growth Slowing Down and Expect No Profits
CV's earnings growth has been slowing down with continued decline in ARPPU of both segments. We expect social entertainment segment to stay under...
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Cloud Village (NetEase Music) IPO: Not yet a Sound Investment
The 9M21 update is underwhelming with slowing growth and a marginal decline in losses. The update is unlikely to win over investors wary of IPOs...
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Cloud Village (NetEase Music) Pre-IPO - Revised PHIP Updates, Along with Revised Valuation
Cloud Village Inc. (CVI), also known as NetEase Music, now plans to raise around US$500m in its Hong Kong IPO. In this note, we talk about the...
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NetEase (NTES): 3Q21, Magic Awakened by Harry Potter
The new game, “Harry Potter: Magic Awakened”, is successful. Surprisingly, Youdao did not shrink under the new policy. We believe both revenue...
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Global Emerging Markets Weekly: 12 November 2021
This insight provides a summary of the key news developments impacting the largest countries and constituents of the Global Emerging Markets equity...
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