NetEase (NTES): Shaking Off Burdens in Minor Businesses and Got Cash - Smart Moves
NTES successfully shook off its burden in minor businesses and got cash from these deals, including (1) the IPO of Youdao (DAO US), (2) the...
598 Views
Could Tencent Bid for NIO to Revive Growth? A Deep-Dive into Potential M&A Targets.
After Tencent's bid for Bitauto (BITA US) /Yixin Group (2858 HK), we believe Tencent may be in the market to buy back stakes in underperforming...
725 Views
Tencent Music (TME): Anti-Trust Investigation May Take at Least USD2.80 Per Share
TME is reported under an anti-trust investigation by the State Administration for Market Regulation (SAMR). TME almost monopolizes both music...
722 Views
Tencent Music (TME): Lower Margin in 2Q2019, Overvalued as Always
The operating margin dropped to 15% in 2Q19 compared to 21% in 2Q18. We believe the price discount in broadcasting raised paying users and...
630 Views
IQ Weakening H2: Deceleration in Subscription Due to Content Restriction;Worsening Ad Demand TP= $12
We are seeing that iQIYI Inc (IQ US) is struggling to simultaneously grow paying both user and monthly ARPU. Current ARPU is ~12.7RMB (less than...
594 Views