Tencent (700 HK): Ultimately 3Q18 Not as Bad as Widely Expected, Upgrade to Buy
Paying game player base is still stable. A popular drama accelerated the growth of video advertisement. Venture capital investments began to focus...
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Tongcheng-ELong IPO: Our 'Two Cents' on Valuation of Tencent's Online Travel Business
This brief note will examine Tencent Holdings (700 HK)-backed Tongcheng-ELong's relatively low Monetization Rate on the transactions handled...
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Tongcheng-Elong IPO Valuation: An Awkwardly Timed Trip
Tongcheng-Elong Holdings Ltd (780 HK), the third largest online travel agency (OTA) in China, was formed through the merger of Tongcheng Network...
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IDreamSky IPO Preview: Dreams and Nightmares
Idreamsky Technology Co Adr (DSKY US) is an independent game publisher and developer in China, backed by Tencent Holdings (700 HK) which a 21%...
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MOGU IPO Preview: Fading Fads
Mogu (MOGU US) is a leading fashion and lifestyle e-commerce platform in China, backed by Tencent Holdings (700 HK) which an 18% shareholder. Users...
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