16 January, 2019
THE OVERSEAS CHINESE
Top 30 US-listed Chinese companies
Gillem Tulloch
revenue-recognition
nigel-stevenson
gillem-tulloch
mark-webb
china
fraud
vipshop-holdings-ltd
trip-dot-com
baidu
51job
joyy-inc
fake-cash-flow
jd-com
beigene-ltd
china-biologic-products-holdings
sina-corp
adr
hailiang-education
vie
zto-express-inc
alibaba-group-holding
iqiyi-inc
58com
tal-education
melco-resorts
netease
new-oriental-education
weibo
yum-china
best-inc
bitauto
pinduoduo-inc
bilibili
huazhu-group-ltd
momo-inc
qutoutiao
baozun
nio-inc
autohome
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....
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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...
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