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BABA - Puyi Contends With Trade Conflict And Economic Downturn
Alibaba Group Holding Limited American Depositary Shares each representing one
Short Take
Puyi (PUYI) went public in the U.S. on March 29, 2019.
The firm operates a wealth management platform connecting Chinese investors with wealth managers.
PUYI is no doubt feeling the twin effects of the U.S. China trade conflict and China’s coronavirus outbreak.
We’ve received no communication about when to expect the next financial report, so my bias on the stock is Neutral.
Company
Guangzhou, China-based Puyi was founded in 2010 to provide wealth management services by connecting third-party wealth managers with consumers online via its marketplace and offline through its branch