Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

Cross Asset Strategy

<ul><li>Birth / In Depth: Why China’s piecemeal child subsidy policy failed to deliver</li><li>Index /: China’s new economy industries gain on record tech, capital inputs, Caixin index shows</li><li>Meat /: Australia’s red meat exports to China fully resume as Beijing lifts ban on final two companies</li></ul>

Birth / In Depth: Why China’s piecemeal child subsidy policy failed to deliverIndex /: China’s new economy industries gain on record tech, capital inputs, Caixin index showsMeat /: Australia’s red meat exports to China fully resume as Beijing lifts ban on final two companies

CX Daily: Why China’s Piecemeal Child Subsidy Policy Failed to Deliver 

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>General Motors (GM) is navigating turbulent waters as it steers towards an electric vehicle (EV)-focused future.</li><li>Recent developments, such as the sale of its stake in a Michigan battery cell plant for $1 billion to LG Energy Solution, underline GM’s efforts to streamline its operations and adapt to evolving market conditions.</li><li>Meanwhile, the company announced a significant write-off of $2.8 billion for its Chinese joint venture with SAIC Motor and an additional $2.7 billion restructuring charge to address declining profitability in one of its largest markets.</li></ul>

General Motors (GM) is navigating turbulent waters as it steers towards an electric vehicle (EV)-focused future.Recent developments, such as the sale of its stake in a Michigan battery cell plant for $1 billion to LG Energy Solution, underline GM’s efforts to streamline its operations and adapt to evolving market conditions.Meanwhile, the company announced a significant write-off of $2.8 billion for its Chinese joint venture with SAIC Motor and an additional $2.7 billion restructuring charge to address declining profitability in one of its largest markets.

GM's $1 Billion Stake Sale and $5.5 Billion Write-Off: China's Auto Market Crisis Deepens!

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>Starbucks’ CEO of China denied the rumor that Starbucks will sell its Chinese businesses.</li>
<li>Chow Tai Fook closed 239 stores from March to September.</li>
<li>SAIC and Volkswagen will extend their joint venture to 2040.</li>
</ul>


Starbucks’ CEO of China denied the rumor that Starbucks will sell its Chinese businesses.
Chow Tai Fook closed 239 stores from March to September.
SAIC and Volkswagen will extend their joint venture to 2040.


China Consumption Weekly (2 Dec 2024): Starbucks, Chow Tai Fook, SAIC, Volkswagen, BYD

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pony-ai-inc" target="_blank" data-smartkarma-citation="entities:44035:1" rel="noopener">Pony AI (PONY US)</a>, an autonomous mobility solutions provider, is looking to raise up to US$195m in its US IPO.</li>
<li>As per Frost &amp; Sullivan, Pony AI was among the first companies in China to obtain licenses to operate fully driverless robotaxis in all four Tier-1 cities in China.</li>
<li>We have looked at the company’s past performance in our previous notes. In this note, we will talk about the IPO valuations.</li>
</ul>



Pony AI (PONY US), an autonomous mobility solutions provider, is looking to raise up to US$195m in its US IPO.
As per Frost &amp; Sullivan, Pony AI was among the first companies in China to obtain licenses to operate fully driverless robotaxis in all four Tier-1 cities in China.
We have looked at the company’s past performance in our previous notes. In this note, we will talk about the IPO valuations.


<ul><li>General Motors (GM) recently presented its financial outcomes for the third quarter of 2024, revealing robust performance and strategic advances, particularly in electric vehicles (EVs) and traditional internal combustion engine (ICE) vehicles.</li><li>The company has revised its full-year earnings before interest and taxes (EBIT) adjusted to be at the higher end of the previously forecasted range of $14 billion to $15 billion.</li><li>GM also expects a diluted earnings per share (EPS) adjusted to fall between $10 to $10.50.</li></ul>

General Motors (GM) recently presented its financial outcomes for the third quarter of 2024, revealing robust performance and strategic advances, particularly in electric vehicles (EVs) and traditional internal combustion engine (ICE) vehicles.The company has revised its full-year earnings before interest and taxes (EBIT) adjusted to be at the higher end of the previously forecasted range of $14 billion to $15 billion.GM also expects a diluted earnings per share (EPS) adjusted to fall between $10 to $10.50.

General Motors Company (GM): An Analysis Of The Impact Of Electric Vehicle Production & Sales Volume On Revenues & Profitability & Major Drivers

United States

General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.

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General Motors (GM US)

CX Daily: Why China’s Piecemeal Child Subsidy Policy Failed to Deliver

Birth / In Depth: Why China’s piecemeal child subsidy policy failed to deliver Wu Xin, a fifth-year medical student, is one example of how China's...

Caixin Global

GM's $1 Billion Stake Sale and $5.5 Billion Write-Off: China's Auto Market Crisis Deepens!

General Motors (GM) is navigating turbulent waters as it steers towards an electric vehicle (EV)-focused future. Recent developments, such as the...

Baptista Research

China Consumption Weekly (2 Dec 2024): Starbucks, Chow Tai Fook, SAIC, Volkswagen, BYD

Starbucks’ CEO of China denied the rumor that Starbucks will sell its Chinese businesses. Chow Tai Fook closed 239 stores. SAIC and Volkswagen will...

Ming Lu

Pony AI IPO - Autonomous Valuation

Pony AI (PONY US), an autonomous mobility solutions provider, is looking to raise up to US$195m in its US IPO. In this note, we talk about the IPO...

Sumeet Singh

General Motors Company (GM): An Analysis Of The Impact Of Electric Vehicle Production & Sales Volume On Revenues & Profitability & Major Drivers

General Motors (GM) recently presented its financial outcomes for the third quarter of 2024, revealing robust performance and strategic advances,...

Baptista Research

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