16 January, 2019

THE OVERSEAS CHINESE

Top 30 US-listed Chinese companies

Gillem Tulloch
lock03 Read More
revenue-recognition nigel-stevenson gillem-tulloch mark-webb china fraud vipshop-holdings-ltd trip-dot-com baidu-bidu-us-9888-hk 51job-jobs-us joyy-inc-yy-us fake-cash-flow jd-com-inc-jd-us-9618-hk beigene-ltd-bgne-us-6160-hk china-biologic-products-holdings-cbpo-us sina-corp adr hailiang-education-group-inc-hlg-us variable-interest-entity-vie zto-express-inc alibaba-group-holding-baba-us-9988-hk iqiyi-inc-iq-us 58com-wuba-us tal-education melco-resorts netease new-oriental-education weibo yum-china best-inc-bsti-us-best-us bitauto-holdings-bita-us pinduoduo-inc bilibili-inc-bili-us huazhu-group-ltd-htht-us momo-inc-momo-us qutoutiao baozun-inc-bzun-us nio-inc autohome-athm-us qtt pdd-holdings top-30
Insights
1 December, 2023

NEWSLETTER: EVERGRANDE (3333 HK)

Never profitable

Fredrik Oeqvist
Evergrande’s much delayed and recently published 2021 annual report makes clear that it significantly overstated revenue and earnings – most likely for many years. Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a COVID-induced property market downturn; its problems were far more fundamental – there were never any profits....
Read More
18 August, 2020

NEWSLETTER: COMING HOME?

Watch out for the privatisation “squeeze out”

Gillem Tulloch
The proposed Holding Foreign Companies Accountable Act could force hundreds of Chinese companies listed on US exchanges to delist over the next few years. For many large companies, seeking a secondary listing in Hong Kong or the mainland is a sensible insurance policy. However, investors should be wary of companies which decide to privatise and then relist. Our analysis of...
Read More