2026 High Conviction: Geely (175 HK) To Be the Largest
The deliveries grew strongly by 24% YoY in Nov. 2025. We believe Geely will take BYD’s place as the largest Chinese producer. We believe the stock...
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Geely (175 HK): In November, Deliveries Still Strongly Up by 24%
Geely’s deliveries grew by 24% YoY in November, reaching 65% of BYD. PHEV continued to accelerated and export deliveries rose strongly by 22% in...
226 Views
Meituan (3690 HK): 3Q25, Discount Campaign Not Ended After Authorities Warned Twice
Meituan (MT)’s revenue growth rate plummeted to 2% YoY in 3Q25. The discount campaign has not actually ended after the authorities warned twice. We...
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Alibaba (BABA, 9988 HK): F2Q26, Up by 18% Excluding Disposals
In F2Q26, pro forma revenue increased by 18% YoY excluding two disposal cases. The company successfully rebranded its food delivery business, the...
407 Views
Pinduoduo (PDD): 3Q25, Growth Stops Declining, Op Cashflow Rises Again After a Year
PDD’s total revenue increased by 9% YoY in 3Q25 higher than 7% YoY in 2Q25. In 3Q25, operating cash flows stopped decreasing after a year and grew...
341 Views