Tencent Placement - Another Reluctant but Well-Flagged Sell Down, Lifting the US$14.5bn Overhang
Prosus aims to raise around US$14.5bn via selling a 2% stake in Tencent. The deal comes nearly three years, and right after the lock-up expiry,...
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China ADRs Quick Update - SEC, Archegos, Blocks - Showing Signs of Life
On 29 Mar, we spoke about the Archegos driven correction, that had followed close on the heals of the SEC driven correction for the sector. In this...
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Trip.com Secondary Listing - Probably Needs to Correct
Trip.com plans to raise around US$1-2bn in its secondary listing in Hong Kong. The company is said to have won listing approval last week and will...
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Trip.com Secondary Listing: No Heads in the Clouds
Trip.com passed its HKEx listing hearing to raise up to $1-2bn through a secondary listing. We think that Trip.com is an attractive play on travel...
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Baidu: Attractive Short Term Entry Point Following SEC Statement and Block Sales
In this insight, I analyse the impact of recent share price movements on Baidu’s valuation and what that implies for the Core Search and Non...
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