Baidu (BIDU): The Way Back to Search Engine Will Be Cut Off by ByteDance
We believe it is the wrong decision for Baidu to give up search as its main business. It proves our viewpoint that ByteDance just entered into the...
658 Views
Ctrip.com (携程) Placement - Baidu Still Has More to Sell but Only After 180 Days
Baidu (BIDU US) is looking to raise almost US$1bn through the selldown of about 31.3m of Ctrip.Com International (Adr) (CTRP US)'s ADS. There could...
1.1k Views
Bitauto’s Cheeky Privatisation Offer from Tencent
On Friday, Bitauto Holdings Ltd Adr (BITA US) announced a surprising privatisation bid from Tencent Holdings (700 HK) and Hammer Capital. The bid...
686 Views
IQiyi (IQ): An Empty TV Box
We believe IQ’s cash will be used up within 6 quarters. We also believe IQ has limited abilities in obtaining more cash for...
659 Views
Baidu (BIDU): IQiyi (IQ) Became a Burden, 40% Downside to Book Value
The 2Q19 results are not as stable as it looks. The operating margin of the search business improved to 11% in 2Q19 versus 6% in 1Q19 at the...
610 Views