Social Ecommerce Pindoudou: Disruptive Digital Phenomenon in China’s E-Commerce
We believe that PDD and its social e-commerce model poses material headwinds to the growth of other major ecommerce players, albeit to different...
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China's Live Streaming: A Fab Vulnerable to Cyberspace Content Scrutiny
Momo Inc (MOMO US) stock trades on sequential growth of MAU. Without showing steady growth of MAU, stock’s valuation will come down to 10x 2018E...
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BIDU – Break Down Q1 into Search Engine and IQiyi, Upside At Least 35%
Stock price surged after Q1 result release, closed about 10% over two weeks before when we posted our last buy suggestion. But we believe there is...
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Fat Cash Inflows Yet Traded at 2/3 of Historical P/E Average
Operating cash inflows grew 48% in 2017. Real cash balance increased above 20+% every year in past 3 years. Revenue growth accelerated to 20% in...
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Smartkarma: ECM Coverage Weekly Update (31 March 2018)
The Smartkarma ECM Team puts out a weekly update on the deals we have covered recently, along with updates for upcoming IPOs. IPOs It hasn't been a...
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