JD Digits, formerly known as JD Finance, was the fintech arm of Chinese internet giant JD until the unit was merged with JD Cloud & AI to become JD Technology in early 2021. The scope of JD Digits includes the extension of credit to consumers, partner businesses and SMEs, as well as digitalization support services […]
In this article we introduce Lenovo Group (Chinese: 联想集团)(HKEX: 0992), a diversified Chinese tech company with a business portfolio spanning consumer electronics (including the popular Lenovo PCs), smart collaboration and software services, augmented and virtual reality (AR and VR), as well as infrastructure data center solutions. Lenovo is currently active in more than 180 markets […]
In this series, we explore Yum China Holdings (NYSE: YUMC, HKEX: 9987), the China-based spin-off of American fast food corporation Yum! Brands (NYSE: YUM). From its first KFC store in 1987, Yum China has grown from being a pioneer of Western food in the Chinese market to become the largest restaurant operator in mainland China. […]
Previously, we introduced Pinduoduo’s history and business model in Part 1, and dissected the company’s performance and marketing strategies in Part 2. In the final two instalments of our Pinduoduo series, we focus on the company’s future prospects, with an overview of Pinduoduo’s future business strategies and discussion of agriculture technology (AgriTech) here in Part […]
The Agricultural Bank of China is a state-owned Chinese bank that is one of China’s largest banks and the third largest bank in the world based on total assets as of 2021. The bank is also included as a Global Systemically Important Bank (G-SIB) by the Financial Stability Board.
In Part 1 of our Tencent series, we introduced the history and components of the Tencent Holdings ecosystem, while in Part 2 we conducted a financial analysis of the company. In this final installment of our Tencent series, we explore Tencent’s future, including management’s strategy for each business segment, important macro trends, and key regulatory […]
Zhima Credit is a credit scoring system launched by Ant Group in 2015 that has since become the de facto credit scoring system in China. The Chinese government does have an official “credibility blacklist” for those who have failed to fulfill their financial obligations or are guilty of financial misconduct, but there was no official, […]
Ant Group’s platform for individual borrowers to take out small loans. The amount borrowers can loan out depends on their Zhima Credit score. Ant does not use their own balance sheet to originate loans, and the credit balance originated through the Ant platform are either underwritten by partner financial institutions or securitized. The name Jiebei […]
East Money Information is an online financial information provider that also operates a platform for investors to buy and sell funds. In 2019, East Money generated RMB658.9 billion in AUM via their platform over 71.8 million mutual fund transactions.
Kingsoft is one of China’s earliest software companies founded in 1988. Kingsoft’s best known products include Kingsoft Office (also known as WPS Office), a product similar to Microsoft Office, and Kingsoft AntiVirus, a suite of anti-virus tools. Kingsoft also has a wide range of additional products spanning PC games, online dictionaries, various mobile applications, and […]
In Part 3 of our Hengda (Evergrande) Group series, we explore Evergrande Auto and Healthcare Segment, listed on the Hong Kong Stock Exchange as China Evergrande New Energy Vehicle Group Limited (HKEX: 0708) and known as Evergrande Auto (Chinese: 恒大汽车) for short. Seemingly poised for the future, Evergrande Auto focuses on the healthcare and new […]
In this article, we introduce Wuling Motors (五菱汽车)(HKEX: 0305), a state-owned auto-manufacturer that produces engines and other automotive components for Wuling-branded cars as well as for other high profile automobile companies in China. Wuling-branded cars are primarily utility-based (e.g. pick-up trucks and vans), and have particularly gained traction among price sensitive, lower income consumers, with […]
Currently, only foreign institutional (rather than retail) investors can invest directly in Chinese government bonds, the mechanisms of which are discussed here. However, individual investors can gain exposure to Chinese government bonds by investing in ETFs such as the ICBC CSOP FTSE Chinese Government Bond Index ETF (explained here) or BlackRock’s iShares China CNY Bond […]
Currently, only foreign institutional (rather than retail) investors can invest directly in Chinese government bonds, the mechanisms of which are discussed here. However, individual investors can gain exposure to Chinese government bonds through various ETFs, including BlackRock’s iShares CNYB (explained here) or the ICBC CSOP FTSE Chinese Government Bond Index ETF, which is the topic […]