Dada Nexus IPO Valuation: Too Glittery and Overvalued
Dada Nexus, a Chinese on-demand retail and delivery platform has filed for an IPO in the US and the company is looking to raise US$247.5-280.5m at...
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NetEase Hints that Youdao Might Come Home Too
While we were working on our IPO note on NetEase Inc (NTES US) secondary listing on the Hong Kong Stock Exchange, one thing which caught our eye...
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NetEase – Micro-Quantamentals Point to Margin Compression
As NetEase prepares to list in Hong Kong we examine the company’s financials to dig into the prospects for revenue growth and margin expansion....
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NetEase Secondary Listing: Coming Home
NetEase Inc (NTES US) is the second-largest mobile game company in the world as measured by combined iOS and Google Play user spend in 2019,...
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GSX: Minimal Market Share; ~80% Fake Enrollment and Operational Irregularities
Last week, we conducted a market survey among K12 parents who registered their child(ren) for at least one class with Gaotu and/or GSX Techedu (GSX...
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