JD.com (JD): In Wrong Way Market Judges Financials
JD sets a strategy of “zero net margin”. RMB2.2 bn net losses were not significant to RMB122.3 bn revenues in 2Q18. In 1H18, JD generated RMB12 bn...
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What's Wrong with Best Inc? A Diagnosis & Prescription for a Return to Financial Health
I admit I am often quite critical of some of the companies I write about here on Smartkarma.com. Not surprisingly, a few readers occasionally ask,...
463 Views
111 Inc IPO Preview: A New Business Papers over the Cracks
111 Inc (1647603D CH) runs an online retail drugstore (1 Drugstore) and healthcare platform in China. 1 Drugstore is the largest direct sales...
823 Views
NIO IPO Preview:Â Pull the Plug
NIO Inc (NIO US)Â is a Chinese premium electric vehicle manufacturer which exclusively sells its vehicles in China. It is backed by Tencent Holdings...
812 Views
China's Consumer Credit Crunch, Slowing Consumption, & Stock Implications
In this note, we analyze the latest domestic consumption data including the top 50 retailers, auto sales, and P2P transactions. Domestic...
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