Smartkarma Originals
Homecoming For Chinese Companies: Appraisal Rights & Fair Value
On 20 May 2020, the US Senate passed the S. 945 the Holding Foreign Companies Accountable Act, an act which could force the delisting of US-listed...
1.6k Views
Tongcheng-Elong IPO: Strategic Shareholder Agreement Constraints Profitability
Tongcheng-Elong Holdings Ltd (1629482D CH), the third largest online travel agency (OTA) in China, was formed through the merger of Tongcheng...
485 Views
Tongcheng-Elong IPO Preview: When Unequals Try to Merge as Equals
Tongcheng-Elong Holdings Ltd (1629482D CH) is the third largest online travel agency (OTA) in China as measured by gross merchandise value (GMV)....
800 Views
PinDuoDuo Faces Three Main Long-Term Risks: Counterfeits, 'Clearance', Competition
As we see it, newly-listed Pinduoduo (PDD US) faces three major risks to sustained long-term growth: Counterfeits: The issue of counterfeit goods...
815 Views
Ctrip (CTRP) C2Q18 Preview: User Experience Improvements Continues
● We cut revenue est. for 2Q, 3Q, and 4Q by 1.1%, 1.6%, and 1.3%, respectively, to reflect more than expected customer-centric principle (CCP)...
537 Views