Accelerating Structural Trends to Drive Continued Outperformance in China Tech
We maintain our overweight on Hong Kong and China Tech as the dual COVID tailwinds of permanently shifting consumer behaviors and rapid enterprise...
410 Views
Pinduoduo: Impressive 1Q Results Despite COVID-19 but Remains Overbought
Pinduoduo (PDD US)’s 1Q FY03/20 financial results were pretty impressive despite the impact of COVID-19. PDD seems to have performed comparatively...
468 Views
Setting up Reference Points for Dada Nexus' 'Dada Now' Local Delivery Business
In this note we seek to provide context so investors can better understand the business model, scale, and growth of Dada Now (DDN), the local...
570 Views
Hong Kong' Short Interest: From the Wuhan Lockdown, The Market Low, Until Now
Since August 2012, reportable net short positions in Hong Kong at the end of each week are filed with the SFC confidentially and are published one...
445 Views
Alibaba: Poor 4Q Compared to JD.com and PDD
In our previous notes, we have raised our concerns over Alibaba Group (BABA US)’s slowing domestic e-commerce business. Alibaba’s 4Q FY03/20...
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