Youdao (有道) Placement - Reasonable Valuation with Strong Growth Momentum
Youdao (DAO US) is looking to raise about US$240m in its follow-on offering. In this note, we will briefly look at Q3 2020 results, share our...
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TRACKING TRAFFIC/Chinese Express: Volumes UP | Pricing DOWN | Time for Consolidation
Although express parcel volume growth remained strong in December, unit pricing was still weak, and we expect more companies to report losses in Q4...
333 Views
NIO (蔚来) Placement - As Expected. Now, You Choose.
NIO Inc (NIO US) is looking to raise about US$2.5bn in its follow-on offering. Proceeds raised will be mainly used for R&D, sales and service...
660 Views
Xpeng Motors (小鹏汽车) Placement - Level the Playing Field
Xpeng Motors (XPEV US) is looking to raise about US$1.88bn in its follow-on offering. Proceeds raised will be used for R&D, sales and marketing,...
604 Views
Dada Nexus Placement: Ascend and Deliver
Dada Nexus is seeking to raise as much as $521 million through an issue of 9 million ADSs. Overall, we would participate in the placement.
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