Weibo Corporation (WB): Facing Increasingly Competitive Landscape, Downgrade to HOLD
Although we expect Weibo’s 1Q rev./net income will beat consensus by 2.6%/8.1%, we estimate 18/19 EPS will be below consensus by 6.3%/3.9%. We see...
270 Views
Disruption by Decentralization?
Blockchain is full of promise. Investment in the space totals billions of dollars. Large corporations, venture capital funds, and initial coin...
631 Views
Douyin (抖音): The New Challenger for YY and Momo
Douyin, a musical short video app, reached about 60 mn DAU in China, 10 mn overseas by Feb. 2018, according to our estimation We assess Douyin is...
572 Views
Pilot Program on China Depositary Receipts Launched - Expect the Big 5 to Prep Quickly
A month or so ago it was officially revealed that a China Depositary Receipt program was on its way (it had been mooted unofficially for many...
508 Views
IQIYI IPO Valuation:Â Throwing Good Money After Bad
iQIYI Inc (IQ US) is a leading Chinese online video platform. On Friday, it announced its IPO price range of $17-19 per ADS. At the mid-point of...
842 Views