财新传媒
2017年11月23日 11:01

INTERNET: Tencent Rockets Up Global Tech Value Charts

INTERNET: Tencent Rockets Up Global Tech Value Charts

Bottom line: Tencent and Alibaba stocks have become overvalued at current levels compared with global peers, and are due for a pullback of up to 30 percent in 2018.

Tencent looks frothy at current levels

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2017年11月22日 10:29

FINANCE: Fintechs Sink on Regulatory Crackdown

FINANCE: Fintechs Sink on Regulatory Crackdown

Bottom line: A new crackdown on microlenders could put a slight damper on their growth, but is unlikely to affect them significantly next year unless China experiences a bad debt crisis.

Beijing clamps down on microlenders

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2017年11月20日 10:47

RETAIL: Alibaba Boosts Grocery Rush with Sun Art Investment

RETAIL: Alibaba Boosts Grocery Rush with Sun Art Investment

Bottom line: Alibaba's new investment in grocery operator Sun Art looks like a shrewd move into an area where logical synergies between online and offline shopping can be achieved.

Alibaba buys into Sun Art

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2017年11月10日 10:58

IPOs: Sogou Makes It to Market, But Will It Excite?

IPOs: Sogou Makes It to Market, But Will It Excite?

Bottom line: Sogou is unlikely to shed its position as a second-tier search engine anytime soon, despite its ties to Tencent ties, and its stock is also unlikely to be a strong performer over the next 2-3 years.

Sogou pops on debut, but will it hold?

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2017年11月09日 10:40

INTERNET: Sina Pledges Change, But Then Disses Shareholders

INTERNET: Sina Pledges Change, But Then Disses Shareholders

Bottom line: The intensifying spat between Sina and a dissident shareholder is likely to ultimately cool down without any legal action, and could see the addition of 1-2 new independent directors to its board.

Sina-Aristeia tussle headed for court?

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2017年11月06日 10:36

IPOs: Hexindai Jumps in Trading Debut, as Fintechs Stay Warm

IPOs: Hexindai Jumps in Trading Debut, as Fintechs Stay Warm

Bottom line: The wave of strong sentiment for new offshore IPOs by Chinese companies is running out of steam, but listings before year-end could still get a slight left, especially fintechs.

Hexindai jumps on trading debut

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2017年11月03日 10:47

SMARTPHONES: Apple Finds Its China Mojo as Xiaomi Moves Up

SMARTPHONES: Apple Finds Its China Mojo as Xiaomi Moves Up

Bottom line: Apple should be able to extend its return to growth in China into at least one more quarter, while Xiaomi should also be able to continue posting strong double-digit growth for the next year.

Apple returns to China growth

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2017年11月02日 09:57

NEW ENERGY: Tesla Takes Its Time With China Plant

NEW ENERGY: Tesla Takes Its Time With China Plant

Bottom line: Tesla's announcement that its China plant is three years away puts a clear and realistic timeline on its intentions, which include strong growth in the market banking on supportive policies by Beijing.

Tesla gets realistic about China car production

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2017年11月01日 10:09

MULTINATIONALS: Whatsapp Bows, Microsoft Visits, Google Plays

MULTINATIONALS: Whatsapp Bows, Microsoft Visits, Google Plays

Bottom line: Whatsapp has likely been permanently blocked in China, while Satya Nadella's visit to Xiaomi underscores Microsoft's growing ties  with the company, and Google's China AI push is mostly PR.

Whatsapp booted from China?

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2017年10月26日 10:34

STOCKS: Weibo Drops on Outlook, as New IPO Stocks Tank

STOCKS: Weibo Drops on Outlook, as New IPO Stocks Tank

Bottom line: Big drops for three China concept stocks recently listed in New York, combined with a pullback for social networking giant Weibo, indicate a recent round of China stock euphoria may have crested.

Secoo continues to drop

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2017年10月25日 10:23

INTERNET: Shares Rides See Merger, Fund-Raising, Shutdown

INTERNET: Shares Rides See Merger, Fund-Raising, Shutdown

Bottom line: A merged company combining Youon and Haluo could emerge as a strong regional shared bike company, while Shouqi could likewise emerge as a strong regional player in the private car services space.

Shouqi raises new money

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2017年10月23日 10:54

IPOs: Rise Education Rises in Debut, Jianpu and iClick Join the Queue

IPOs: Rise Education Rises in Debut, Jianpu and iClick Join the Queue

Bottom line: The strong debut for Rise Education reflects good investor appetite for new China concept stocks in New York, which should bode well for a new listing by Jianpu and could also buoy iClick.

Jianpu, iClick file for NY listings

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2017年10月19日 10:36

SMARTPHONES: Coolpad Finds New Suitor, As LeEco Retreats

SMARTPHONES: Coolpad Finds New Suitor, As LeEco Retreats

Bottom line: LeEco is likely to sell its stake in Coolpad in the next six months, and new investor Centralcon could emerge as the buyer with a goal of trying to turn the company around.

Coolpad finds new suitor

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2017年10月18日 10:28

SMARTPHONES: ZTE Sees Double with New Smartphone

SMARTPHONES: ZTE Sees Double with New Smartphone

Bottom line: ZTE's new dual-screen smartphone will turn some heads and raise the company's profile briefly due to the novelty factor, but the effect will quickly fade due to lack of practical uses.

ZTE tries two screens

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2017年10月16日 10:28

IPOs: Floodgates Open With Tencent, Sohu, Bona, Fintech Listings

IPOs: Floodgates Open With Tencent, Sohu, Bona, Fintech Listings

Bottom line: A periodic window of IPOs that opens every 2-3 years is taking shape, with fintechs and other new categories like online literature likely to do well, while older concepts  like e-commerce could struggle for attention.

New window opens for Chinese IPOs

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2017年10月11日 10:16

INTERNET: Battle Rages for Sina Board Seat

INTERNET: Battle Rages for Sina Board Seat

Bottom line: A dissident shareholder's proxy battle for a seat on Sina's board stands a chance of success, but the odds are probably 40 percent or lower due to large holdings by Sina's CEO.

Sina board seat lands at center of proxy fight

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2017年10月10日 10:11

IPOs: Tencent Literature IPO Nears Take-Off, But Will It Read?

IPOs: Tencent Literature IPO Nears Take-Off, But Will It Read?

Bottom line: China Reading's IPO should be well received when it launches its road show as soon next week, and the shares should price and debut strongly on its good profit margins and growth prospects.

China Reading set to launch IPO road show

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2017年10月09日 10:28

PCs: Lenovo Taps Top Managers for Funds, Goes Retro

PCs: Lenovo Taps Top Managers for Funds, Goes Retro

Bottom line: Lenovo's new fund raising and roll-out of a retro commemorative ThinkPad 25th anniversary model show the company is focused on short-term fixes rather than the shock therapy it really needs. 

Lenovo celebrates 25 years of ThinkPad

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2017年09月29日 10:21

IPOs: ZhongAn Pops in Trading Debut, But Does It Have Legs?

IPOs: ZhongAn Pops in Trading Debut, But Does It Have Legs?

Bottom line: ZhongAn should perform reasonably well over the short- to medium-term by drawing on its big-name investors for business, but faces uncertainty due to an untested business model.

ZhongAn banks on online insurance

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2017年09月27日 10:24

FINANCE: Alipay Chases HK Consumers in JV with Local Tycoon

FINANCE: Alipay Chases HK Consumers in JV with Local Tycoon

Bottom line: Alipay's joint venture with Li Ka-shing targeting local Hong Kong customers looks like a shrewd approach in its first major foray of that kind, though it will face skepticism about its ability to protect user privacy.

Alipay turns up HK drive with new JV

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