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.

Equity Bottom-Up

<ul>
<li>Express parcels increased by 8% YoY in China in July.</li>
<li>TikTok was still the top non-game app in the world in July.</li>
<li>Meituan raised its prices of bike sharing on August 10.</li>
</ul>


Express parcels increased by 8% YoY in China in July.
TikTok was still the top non-game app in the world in July.
Meituan raised its prices of bike sharing on August 10.


China Internet Weekly (15Aug2022): Alibaba, Tencent, Meituan, TikTok, JD, NetEase, Dingdong

<ul>
<li>Tencent and Huawei launched beta tests for car-hailing platform almost simultaneously.</li>
<li>Alibaba begins to disconnect Ant Group to avoid implicating each other.</li>
<li>Missfresh dismissed almost all employees in its headquarters in Beijing.</li>
</ul>


Tencent and Huawei launched beta tests for car-hailing platform almost simultaneously.
Alibaba begins to disconnect Ant Group to avoid implicating each other.
Missfresh dismissed almost all employees in its headquarters in Beijing.


China Internet Weekly (1Aug2022): Tencent, Alibaba, Meituan, JD Logistics, MissFresh

<ul>
<li>Alibaba’s Freshippo expands to two inland cities, which reflects its success in coastal areas.</li>
<li>Online game’s revenue and players decreased for the first time in 14 years.</li>
<li>NetEase set up the second game studios in the United States.</li>
</ul>


Alibaba’s Freshippo expands to two inland cities, which reflects its success in coastal areas.
Online game’s revenue and players decreased for the first time in 14 years.
NetEase set up the second game studios in the United States.


China Internet Weekly (25Jul2022): Alibaba, Tencent, NetEase, IQiyi, Miss Fresh

<ul>
<li>Tencent's games gave only three hours a week to juveniles in school summer vacation.</li>
<li>Tencent and NetEase did not get new game licenses for the third time this year.</li>
<li>Kingsoft censors files on users’ computers, which will benefit Microsoft Office.</li>
</ul>


Tencent's games gave only three hours a week to juveniles in school summer vacation.
Tencent and NetEase did not get new game licenses for the third time this year.
Kingsoft censors files on users’ computers, which will benefit Microsoft Office.


China Internet Weekly (18Jul2022): Tencent, Alibaba, Kingsoft Office, Miss Fresh

<ul>
<li>Shanghai is in lockdown and citizens are finding it hard to get enough food.</li>
<li>Community group purchase has been taking consumers from e-commerce apps.</li>
<li>The central government reiterates the zero-COVID policy, but the Omicron variant is spreading with very few death cases.</li>
</ul>


Shanghai is in lockdown and citizens are finding it hard to get enough food.
Community group purchase has been taking consumers from e-commerce apps.
The central government reiterates the zero-COVID policy, but the Omicron variant is spreading with very few death cases.


Alibaba (BABA): Shanghai and Its E-Commerce Under Lockdown

China

Missfresh Limited is an e-commerce company. The Company offers an online platform that sells daily grocery products.

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Missfresh (MF US)

China Internet Weekly (15Aug2022): Alibaba, Tencent, Meituan, TikTok, JD, NetEase, Dingdong

Express parcels increased by 8% YoY in China in July. TikTok is still the top non-game app in the world in July. Meituan raised its prices of bike...

Ming Lu

China Internet Weekly (1Aug2022): Tencent, Alibaba, Meituan, JD Logistics, MissFresh

Tencent and Huawei launched beta tests for car-hailing apps. Alibaba disconnect Ant Group to avoid implicating each other. Missfresh dismissed...

Ming Lu

China Internet Weekly (25Jul2022): Alibaba, Tencent, NetEase, IQiyi, Miss Fresh

Alibaba’s Freshippo expands to two inland cities. Online game’s revenue and players decreased for the first time in 14 years. NetEase set up the...

Ming Lu

China Internet Weekly (18Jul2022): Tencent, Alibaba, Kingsoft Office, Miss Fresh

Tencent follows new game law in school summer vacation. Tencent and NetEase did not get new game licenses for the third time this year. Kingsoft...

Ming Lu

Alibaba (BABA): Shanghai and Its E-Commerce Under Lockdown

Shanghai is in lockdown and citizens find they are hard to get enough food. Community group purchase is taking consumers from e-commerce apps.

Ming Lu

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