Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

Equity Bottom-Up

<ul class=""><li>We visited one of RT-Mart supermarkets (Photo 1~15) after Alibaba announced that it has reformed 100 of RT-Mart stores into “new retail”.</li><li>We found both a busy conveyor and the busy checkouts in the RT-Mart Huangxing store on a weekday day.</li><li>We conclude that RT-Mart is a successful case of “new retail”.</li></ul>

We visited one of RT-Mart supermarkets (Photo 1~15) after Alibaba announced that it has reformed 100 of RT-Mart stores into “new retail”.We found both a busy conveyor and the busy checkouts in the RT-Mart Huangxing store on a weekday day.We conclude that RT-Mart is a successful case of “new retail”.

A Site Visit: Alibaba (BABA) Successfully Integrates “New Retail” into RT-Mart of Sun Art (6808 HK)

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Since I wrote on the official launch of the CDR Pilot Program (see Insight Stream at right) as announced by the CSRC 11 days ago and the next day application of Xiaomi to become the first CDR issuer, there has been little in the way of signpost to see how this was evolving. There had been suggestions in local media last week that <a href="https://www.smartkarma.com/entities/179" target="_blank" data-smartkarma-citation="entities:179:1">Baidu Inc (ADR) (BIDU US)</a> would become the second to list CDRs, beating out Alibaba and JD.com. Alibaba was said to be behind in the game because of potentially…

Since I wrote on the official launch of the CDR Pilot Program (see Insight Stream at right) as announced by the CSRC 11 days ago and the next day application of Xiaomi to become the first CDR issuer, there has been little in the way of signpost to see how this was evolving. There had been suggestions in local media last week that Baidu Inc (ADR) (BIDU US) would become the second to list CDRs, beating out Alibaba and JD.com. Alibaba was said to be behind in the game because of potentially…

CDR Pilot Program Update - Xiaomi First, Baidu Next? BABA and JD Coming Behind

Summary<ul class="">
<li>Tencent and Byte Dance launched lawsuits against each other.</li>
<li>In fact Byte Dance is fighting every internet giant.</li>
<li>We believe that new internet entrants are always at a disadvantage, as giant internet companies like Tencent are both important distribution channels and opportunistic imitators with all necessary sources.</li>
<li>Additionally, Chinese media analysis on the conflicts between Byte Dance and Tencent has been erroneous.</li>
</ul>Lawsuits LaunchedThe company Byte Dance 字节跳动is well known for its online…

Summary
Tencent and Byte Dance launched lawsuits against each other.
In fact Byte Dance is fighting every internet giant.
We believe that new internet entrants are always at a disadvantage, as giant internet companies like Tencent are both important distribution channels and opportunistic imitators with all necessary sources.
Additionally, Chinese media analysis on the conflicts between Byte Dance and Tencent has been erroneous.
Lawsuits LaunchedThe company Byte Dance 字节跳动is well known for its online…

Byte Dance Lawsuits Show: Tencent (700 HK) Is Small Companies’ Inevitable Platform and Competitor

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

In part 4 of this series, I will evaluate the mobile/ e-payment providers on 10 metrics and total their score. Based on their total score, I hope to unveil the region's payment Goliath. This is a continuation of the first three articles featuring six well-known payment providers: Grab, Go-Pay, AirPay, PayPal, Alipay and Wechat Pay. For background reading, please refer to the fork on the right hand side of this article.

In part 4 of this series, I will evaluate the mobile/ e-payment providers on 10 metrics and total their score. Based on their total score, I hope to unveil the region's payment Goliath. This is a continuation of the first three articles featuring six well-known payment providers: Grab, Go-Pay, AirPay, PayPal, Alipay and Wechat Pay. For background reading, please refer to the fork on the right hand side of this article.

Grab, Go-Jek, Alipay, WeChat Pay; Who Will Be the Payment Goliath in Southeast Asia? - Part 4

Equity Analyst - Technology & Healthcare

Norm Kumar

Pennock Idea Hub

We are creators of independent equity research. The Pennock Idea Hub team are veterans of the investment industry. Much of our team has spent their careers at Merrill Lynch, Deutsche Bank, RBC Capital Markets and Wood Gundy. We have taken every aspect of research back to the studs and returned to first principles. The Pennock Idea Hub marries the interests of the sell and buy side. 

We offer the best research for institutional investors by:

-Only publishing research from veteran analysts
-Eliminate the inherent conflicts of the traditional sell and buy side relationship
-Ensure our team is always accessible; collaboration with clients nurtures our collective success

Cross-Asset & Quantitative Research

A review of some of the latest news involving artificial intelligence, with a particular focus on items that potentially affect public companies. In this issue, we look at whether Apple's new AI programming tools (Core ML2 and Create ML) will help it gain market share in smartphones.  Also, we discuss Alibaba's major investment into logistics as swell as their testing of solid-state LIDAR in robo-delivery vehicles. Finally, there is a brief overview of articles ranging from autonomous vehicles to data centres and much more.

A review of some of the latest news involving artificial intelligence, with a particular focus on items that potentially affect public companies. In this issue, we look at whether Apple's new AI programming tools (Core ML2 and Create ML) will help it gain market share in smartphones.  Also, we discuss Alibaba's major investment into logistics as swell as their testing of solid-state LIDAR in robo-delivery vehicles. Finally, there is a brief overview of articles ranging from autonomous vehicles to data centres and much more. 

Apple Hopes New Tools Will Help It Dominate Smartphone Based AI: AI Readings

China

Tencent Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides Internet and mobile value-added services (VAS), online advertising, and e-commerce transactions. Tencent Holdings offers services to users worldwide.

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Tencent Holdings (ADR) (TCEHY US)

A Site Visit: Alibaba (BABA) Successfully Integrates “New Retail” into RT-Mart of Sun Art (6808 HK)

We visited one of RT-Mart supermarkets (Photo 1~15) after Alibaba announced that it has reformed 100 of RT-Mart stores into “new retail”. We found...

Ming Lu

CDR Pilot Program Update - Xiaomi First, Baidu Next? BABA and JD Coming Behind

Since I wrote on the official launch of the CDR Pilot Program (see Insight Stream at right) as announced by the CSRC 11 days ago and the next day...

Travis Lundy

Byte Dance Lawsuits Show: Tencent (700 HK) Is Small Companies’ Inevitable Platform and Competitor

Summary Tencent and Byte Dance launched lawsuits against each other. In fact Byte Dance is fighting every internet giant. We believe that new...

Ming Lu

Grab, Go-Jek, Alipay, WeChat Pay; Who Will Be the Payment Goliath in Southeast Asia? - Part 4

In part 4 of this series, I will evaluate the mobile/ e-payment providers on 10 metrics and total their score. Based on their total score, I hope...

Valerie Law, CFA

Apple Hopes New Tools Will Help It Dominate Smartphone Based AI: AI Readings

A review of some of the latest news involving artificial intelligence, with a particular focus on items that potentially affect public companies....

Norm Kumar

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