In today’s briefing:
- PC Partner: 1H25 Results Show Progress, To Delist from HK by End of FY25
- Tencent/Netease: Netease and Bilibili Got One Each in August
- Palantir Technologies Inc: Rotation Signals Momentum Shift
- Nongfu (9633 HK): 1H25, Recovering from Defamation, Record High Margin
- Amazon.com Inc – Amazon Just Entered The Used-Car Market—Is Carvana In Trouble?
- Nvidia’s $Billion China Gamble: Downgraded Chips, Government Cuts, & Geopolitics!
- India’s Industrial Transformation: A Comprehensive Ind Primer on Reliance Ind Multi-Sector Dominance
- Take-Two Interactive Software: Innovative Content & Technology Integration As A Pivotal Growth Lever!
- Lyft Inc: Can AV Partnerships & Its New European Strategy Fuel Long-Term Growth?
- Expedia Group: How Diversification Into B2B Could Become Its Secret Growth Engine!
PC Partner: 1H25 Results Show Progress, To Delist from HK by End of FY25
- PC Partner reported 1H25 results, which showed strong revenue growth and flat net margins.
- The company is confident it can delist from HK before the end of the year, as it only needs 50% of shareholders to approve the transaction. SGX only listing remaining.
- The company is now part of the Nvidia Partnership Network, which could accelerate growth in FY26.
Tencent/Netease: Netease and Bilibili Got One Each in August
- China announced game approval for the August batch. The number of games approved remained at a higher level than 2023.
- The number of game approval in August marked the record high level since the resumption post tightening.
- Of the companies that we are monitoring, Netease and Bilibili got approval for one game each.
Palantir Technologies Inc: Rotation Signals Momentum Shift
- Palantir ownership among global funds hit a record 11.3% in July 2025, nearly doubling in six months, led by growth strategies.
- Despite a 500% rally and rising index weights, most fund positions remain modest; only three exceed 2%.
- Now the fourth most held AI/software peer, Palantir risks becoming a Tesla-style underweight challenge for active managers.
Nongfu (9633 HK): 1H25, Recovering from Defamation, Record High Margin
- Nongfu Spring’s revenue increased by 16% YoY in 1H25, compared to a decrease of 7% YoY in 2H24.
- The operating margin reached its historical high, 37%, since the company’s IPO.
- Wahaha, the competitor that defamed Nongfu, is in a scandal itself.
Amazon.com Inc – Amazon Just Entered The Used-Car Market—Is Carvana In Trouble?
- Amazon has officially stepped into the online used-car market through a high-profile partnership with Hertz, potentially disrupting an industry already in flux.
- After quietly testing car listings through its Amazon Autos vertical for over a year, Amazon is now allowing customers in select U.S. states to browse Hertz’s used vehicle inventory and complete much of the transaction through its platform — a move designed to provide a more convenient and digital car-buying experience.
- Delivery or pick-up logistics are handled by Hertz, while Amazon facilitates discovery, payments, and logistics support.
Nvidia’s $Billion China Gamble: Downgraded Chips, Government Cuts, & Geopolitics!
- As geopolitical tensions intensify, Nvidia is walking a tightrope between U.S. export controls and China’s increasingly assertive push for self-reliance in critical technologies.
- The chipmaker’s position as the dominant provider of AI semiconductors has forced it into delicate strategic maneuvers, especially in China, where demand remains strong but political scrutiny is mounting.
- To preserve a foothold in this crucial market, Nvidia has introduced weakened chip designs to comply with U.S. restrictions, explored revenue-sharing deals with local partners, and restructured its supply chain to insulate operations from further shocks.
India’s Industrial Transformation: A Comprehensive Ind Primer on Reliance Ind Multi-Sector Dominance
- Jio dominates telecom with 42% market share and 480M+ subscribers, driving India’s 5G revolution.
- Spans oil-chemicals, retail, digital services, renewable energy with vertical integration advantages across sectors.
- Targeting Net Carbon Zero by 2035 with 100 GW renewable capacity and world’s largest green energy ecosystem.
Take-Two Interactive Software: Innovative Content & Technology Integration As A Pivotal Growth Lever!
- Take-Two Interactive Software reported strong financial results for the first quarter of fiscal year 2026, ending June 30, 2025.
- The company reported net bookings of $1.42 billion, significantly surpassing its guidance range of $1.25 to $1.3 billion, indicating robust demand across its portfolio.
- Take-Two’s core franchises, particularly NBA 2K and the Grand Theft Auto series, continue to perform exceptionally, which has supported an upward revision of the company’s net bookings outlook for fiscal year 2026 to a range of $6.05 to $6.15 billion.
Lyft Inc: Can AV Partnerships & Its New European Strategy Fuel Long-Term Growth?
- Lyft’s second-quarter 2025 results demonstrate a mix of strong financial performance and strategic expansion initiatives, though not without associated challenges and considerations.
- The company reported record-breaking metrics across several financial measures, including gross bookings, adjusted EBITDA, and free cash flows, marking substantial growth in its operational performance.
- Additionally, Lyft executed a substantial $200 million stock buyback program, signaling confidence in its valuation and future prospects.
Expedia Group: How Diversification Into B2B Could Become Its Secret Growth Engine!
- Expedia Group’s Q2 2025 results show both strengths and challenges in their performance.
- On the positive side, the company has managed to surpass expectations for gross bookings, revenue, and adjusted EBITDA margins, indicating effective execution amid a soft U.S. travel market.
- Gross bookings grew by 5%, while revenue increased by 6%, suggesting solid underlying business momentum.
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