Baidu's Stock Price Now Assumes It Will Ditch All Its O2O Businesses - We Think Unlikely
Baidu's stock price has been up another 7% this week, fueled by speculation that its loss-making O2O businesses (ie, Baidu Nuomi and Baidu Takeout...
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China's New Internet Ad Rules Started - Baidu Complies But Sougou Cheats; O2O Consolidation Not Near
China's new Internet advertising rules became effective on September 1. Our checks show that Baidu has been complying strictly with them. However,...
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ANIMAL SPIRITS REPORT 2: APAC Valuation and Earnings Snapshot
Asia Pacific Investment Strategy In this series of introductory notes, Animal Spirits outlines the investment process and analytical framework we...
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Meitu, Inc.'s IPO Preview - Not As Pretty As What Its Apps Will Make You Look
Meitu, Inc. offers six photo-editing apps and one video and live broadcasting app, as well as sells its own branded handsets. Its apps have been...
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Taiwan OSAT Vendors Dominated >80% of Profits but We See No Winner
SummaryAfter Jiangsu Changjiang Electronics Tech Co (600584 CH, JCET) in China consolidated with Singapore STATS ChipPAC starting 3Q15, we have...
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