Rakuten (Neutral) - A Surprising Win with Goto Although Its Mobile Challenges Remain
The IPO of Goto was a win for Softbank Vision Fund but Rakuten has also come out well surfacing ¥13bn in value from early stage investments and...
565 Views
SEA Lock-Up - Tencent Is once Again About to Be Free to Trim Its US$8bn Stake
Tencent sold US$3bn worth of SEA shares in Jan 22. The rest of its stake was locked up for six months, which will soon be over.
1.2k Views
Listing a Subsidiary May Tell Market that the Parent Company Isn't Confident in Generating Cash Flow
On June 1, the Nikkei Shimbun carried an article titled "Parent-subsidiary listing, investors cynical about 'governance barrier'". I would like to...
408 Views
Prosus, Tencent, JD.com - Good Intentions but Questionable Timing
Today Prosus announced that it will begin an open-ended share repurchase programme of Prosus and Naspers shares which will be funded by on-market...
933 Views
Japan Internet - Fresh Lows for Many with Rakuten the Lowest Since 2010
Tech sector weakness amplifies concerns on competition for Rakuten and Z Holdings. Both are down 50%+ from recent highs with Rakuten at levels last...
367 Views