Last Week on China Internet (11Nov19): Alibaba Is No. 5 in Game and Tencent Imitates Momo
While doing research on Chinese Internet companies, we frequently come across news that merits being highlighted to investors, however, it is not...
460 Views
NetEase (NTES): Shaking Off Burdens in Minor Businesses and Got Cash - Smart Moves
NTES successfully shook off its burden in minor businesses and got cash from these deals, including (1) the IPO of Youdao (DAO US), (2) the...
529 Views
IQiyi (IQ): An Empty TV Box
We believe IQ’s cash will be used up within 6 quarters. We also believe IQ has limited abilities in obtaining more cash for...
648 Views
Baidu (BIDU): IQiyi (IQ) Became a Burden, 40% Downside to Book Value
The 2Q19 results are not as stable as it looks. The operating margin of the search business improved to 11% in 2Q19 versus 6% in 1Q19 at the...
603 Views
IQ Weakening H2: Deceleration in Subscription Due to Content Restriction;Worsening Ad Demand TP= $12
We are seeing that iQIYI Inc (IQ US) is struggling to simultaneously grow paying both user and monthly ARPU. Current ARPU is ~12.7RMB (less than...
539 Views