Softbank Group: Vision Fund Layoffs but ByteDance Looks Good
News reports indicate Softbank may lay off up to 10% of Vision Fund staff. This should not be surprising: last week, Softbank said that there would...
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Why Near Term Headwinds Don’t Matter: FMCG E-Comm Footholds to Thrive Post-COVID
We believe Alibaba is well-positioned to thrive in a post-COVID world as decade-long structural trends have been brought forward by years. The...
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Kingsoft Cloud: Valuing the Impact of Potential Price Hikes; Expect C.30% Upside in the Medium Term
In our IPO initiation note, Kingsoft Cloud IPO: A Few Inherent Risks, But We Are Broadly Positive, we suggested that KC’s gross loss could be...
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Baidu 1Q20 Better-Than-Feared but Longterm Outlook Remains Murky Due to ByteDance; UW 18% Downside
Baidu reported 1Q results and guidance that were better-than-feared as other revenues helped mitigate the impact of COVID-19 on Baidu's core...
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The Rise of a New BAT: ByteDance Enters Warp Speed as It Eyes Baidu's Lunch
ByteDance's TikTok just experienced its best quarter ever as total global downloads exceeded 2 billion for the short-form video app. Leveraging its...
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