China Internet Weekly (24Aug2020): TSLA Refused PDD’s Customers, JD Fired BABA’s Sto Express
Apple (APPL) stores are still crowded. Tesla (TSLA) refused to deliver vehicles to customers who ordered via Pinduoduo (PDD). JD.com (JD) did not...
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Vipshop (VIPS US): Flashing Red Light Ahead
Vipshop Holdings (VIPS US) shares fell 19% in the US trading day after the company reported its 2Q20 results that broadly met consensus top-line...
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JD.com: 2Q20: In a Groove
JD.com Inc (ADR) (JD US) share price has more than doubled in the last twelve months and up 87% YTD as revenue growth rebounded and margins...
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EM Equities At New Highs Despite Some Caution Signs
We continue to believe the path of least resistance is higher for global equities. As a result, our outlook remains bullish and we suggest buying...
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Pinduoduo: Profit Outlook Does Not Justify the Current Valuation
The recent rally in the share price puts Pinduoduo (PDD US)’s valuation multiples on par with Alibaba Group (BABA US)’s multiples during the...
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