Baozun: A Quick Look at Fundamentals Ahead of the HKEX Listing
Chinese e-commerce “service provider”, $baoz, is the latest US-listed Chinese company to launch a secondary listing on the HKEX. In this note, we...
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Pinduoduo: Key Takeaways from Our Discussion with the IR Team (Part I) – Cooked Books?
We reached out to Pinduoduo (PDD US)’s IR team for comment about the concerns we had in our previous note, Pinduoduo: Inflated Top Line, Inflated...
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JD.COM Accounting for Investments - Black Holes and Invisible Elephants- Inteqres ESG Bite
Following on from our analysis of Tencent and Alibaba's accounting for investments, we turn our attention to JD.com. We are concerned about the...
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Picking-Up the Pieces of a Broken IPO
Secoo Holding Ltd (SECO US) is a Chinese online luxury retailer that claims to hold 25% of the market by GMV. It's fallen c.35% since the Sept...
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