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2023-04-21 06:00:00 ET Summary ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. An emphasis on quality...
2023-04-10 03:40:08 ET Summary Meituan's long-awaited food delivery service launch in Hong Kong appears to be just around the corner. The battle of the food delivery market in Hong Kong goes on and is heating up, with dominance by Deliveroo and Foodpanda. It's hard to give a c...
2023-03-29 12:02:45 ET Summary Alibaba Group Holding Limited announced earlier this week that it intends to restructure the company into six separate units eligible for independent capital raising and IPOs subject to regulatory approval. The company is preparing for a detailed pre...
2023-03-24 09:29:35 ET Meituan press release ( OTCPK:MPNGY ): FY Revenue of RMB220B (+22.8% Y/Y). operating profit of RMB29.5 billion The operating loss for our New initiatives segment narrowed to RMB28.4 billion in 2022 from RMB35.9 billion in 2021. Company adjusted E...
Meituan Announces Financial Results for the Year Ended December 31, 2022 PR Newswire HONG KONG , March 24, 2023 /PRNewswire/ -- Meituan (HKG: 3690) (the "Company"), a leading technology-driven retail company in China , today announced the audited consolidated...
2023-03-21 10:15:34 ET Summary Dada Nexus Limited's 2023 guidance points to a slight moderation in revenue growth, but the company is expected to turn profitable on a non-GAAP basis this year. Dada Nexus' new partnership with Douyin has significant growth potential, but this is de...
2023-03-09 10:22:07 ET Summary Tencent's mobile games in China continued to rank among the top ten, with the top two spots taken up by Tencent's Honour of Kings and Peacekeeper Elite. New game launches in China will accelerate through 2023 as about 50% of Tencent's pipeline has re...
Summary China’s food delivery business could be taking a dramatic turn as TikTok parent ByteDance pilots a food delivery service over its Douyin video app. Douyin’s service allows merchants to attract food orders via short videos or livestreams, in contrast to the customer...
Summary SCHE’s portfolio is less risky, due to high level of diversification, low expense ratio, lower volatility, and investing in right sectors in the most promising EMs. SCHE has been paying low but decent yields. Lower risk and potential growth of equities in emerging markets...
Summary CWEB is a leveraged fund for Chinese Internet public companies. Its non-leveraged counterpart is KWEB. KWEB invests in internet commerce, information technology, and software applications companies. KWEB and CWEB have had a stellar performance since the bear market bottom on...
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U.S. short sellers are speculating that the surge in Chinese stocks is over. Capital will likely shift to emerging markets outside of China. The ...