TuanChe IPO Preview: Firing Not on All Cylinders
TuanChe Ltd (TC US) is a leading omni-channel automotive marketplace in China. It has filed for a Nasdaq IPO to raise $150 million. Perhaps due to...
673 Views
58.com (WUBA): Top Risk - Clients Cheat Users, 18% Downside
The Beijing municipal government shut down WUBA’s rental channel in Beijing for 5 days, as the the authorities found that WUBA had illegal...
590 Views
Autohome (ATHM) - Cash Goes to Controlling Shareholder
The ratio of cash to short-term investments (STI) is abnormally low at 6.4% in 2Q18. The controlling shareholder Ping An provided Autohome (ATHM)...
462 Views
Cango IPO Valuation: Too Early to Tell if There Is No Lemons Problem
Cango Inc/KY (CANG US) announced on Monday its IPO price range of $10-12 per ADS. At the mid-point of the IPO price range, Cango will raise net...
762 Views
Cango IPO Preview: Baffling Strategic Choices
Cango Inc/KY (CANG US) is a leading automotive transaction service platform in China backed by Warburg Pincus (an 18.2% shareholder), Didi Chuxing...
716 Views