Ruhnn IPO Valuation: Face Value
Ruhnn Holding Ltd (RUHN US) is an e-commerce platform which drives sales through KOLs (key opinion leaders), backed by Alibaba Group Holding (BABA...
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Ruhnn (如涵) Pre-IPO Review- Significant Concentration Risk
Ruhnn Holding Ltd (RUHN US) is looking to raise about US$200m in its upcoming IPO. The company is an internet key opinion leader (KOL) incubator in...
868 Views
Sea Ltd (SE US): The Bear Case - A One-Hit Wonder?
Despite burning through $700mn in cash in 2018, investors decided to give another $1.3bn to Sea Ltd (SE US) . We believe investors should treat Sea...
664 Views
Chinese Ecommerce Q4 Earnings Previews: BABA (+); JD (-); BZUN (-)Related - GOOS (+)
Investors have started to show widening divergence in macro views and consequent equity strategies in 2019. Bulls believe that capital markets are...
519 Views
Tencent Music Entertainment IPO: Read Throughs from Momo's and YY's 3Q18
Two takeaways from Momo Inc's (MOMO US) and YY Inc's ADR (YY US) 3Q18 are 1) live streaming sales growth decelerated swiftly plus subdued 4Q18...
588 Views