Negative EVs: JOYY & Sohu's Steep Discount To Net Cash
I'd tilt slightly towards Sohu. It did successfully sell Sogou; whereas Joyy failed to sell YY live. That may provide some insight as to how the...
434 Views
China Consumption Weekly (1 Apr 2024): Tencent, Alibaba, Xiaomi, Midea
There is a rumor in social media that Tencent will dismiss 10% - 30% of its employees. Alibaba withdrew the IPO application of its subsidiary,...
341 Views
DiDi Chuxing IPO Trading - Upsize Will Ensures Index Inclusion, Lock-Up Remains a Wildcard
DiDi Chuxing (DIDI US), the world’s largest mobility technology platform, raised around US$4.4bn in its US listing. It is backed by Softbank Group...
272 Views
Full Truck Alliance IPO Trading - Have to Do a Bull Case to Find Some Upside
Full Truck Alliance (YMM US) (FTA), China’s largest digital freight platform by gross transaction value, raised around US$1.6bn via a US listing....
235 Views
Waterdrop IPO Trading - Ant's Mutual Aid Admissions Showcase the Regulatory Overhang
Waterdrop, a technology platform for insurance and healthcare services in China, raised around US$360m in its US IPO. Tencent owned 22.1% and Swiss...
366 Views