What’s going on? The US House just passed the bill that would force ByteDance to ban or sell Tiktok’s US arm. What does this mean? Why should I care? The bigger picture: We’ll see how China reacts Zooming out: Someone is chuckling Content source: Finimize (2024) Tik Tok Boom. Available at: https://finimize.com/content/tik-tok-boom [Accessed on Mar 16, 2024]
Tag: finterest
Ep 181: Pinterest’s sad 2Q but promising future ahead
What’s going on? Pinterest reported disappointing 2Q results. What does this mean? Pinterest’s revenue and profit missed forecasts, and why it gave a worse-than-expected revenue outlook for this quarter too. Pinterest lost 5% of its monthly active users yoy in 2Q 2022, accumulated by accelerating competition from TikTok, and a traffic-disrupting change in Google’s search algorithm. Advertisers…
Ep 180: Alibaba’s 2Q joy and misery
What’s going on? Alibaba reported surprisingly good Q2 results. What does this mean? One special thing about Alibaba is that it’s so big that at least one of its businesses is destined to thrive in any market scenario. This time, those businesses are: Taocaicai’s (fresh food platform), whose transactions value boomed by more than 200%…
Ep 179: Ride-hailing giant Uber finally saw a positive sign
What’s going on? Uber announced record-breaking bookings at its 1H update. What does this mean? Uber’s revenue more than double yoy to $8b: The number of Uber’s monthly users hit a new peak in 2Q, with an increase of 24% yoy. The number of highly-profitable airport trips also hit an all-time high; 2Q also marked…
Ep 178: POW and the story of transparency
Naive narrative: I find this event interesting as it’s the first time I could see the relevance of non-transparency in the local stock market (although the ethics module in CFA mentions it all the time) What’s going on? The incident of Unit 1 of Vung Ang 1 Power Plant under POW (PVPower – HOSE ticker…
Ep 177: Companies are boosting CAPEX and what that might imply about the post-pandemic economy
What’s going on? Companies are spending 15% more in 2021 than they have done before the pandemic to equip themselves for the post-pandemic future. What does this mean? Supply delays, chip shortages, and the green revolution are forcing companies to invest in their production capabilities and in-house technology. This is also accompanied by increasing consumer spending,…
Ep 176: China announced its plan to break up Alipay and the country’s technology industry landscape
What’s going on? China announced plans to separate Alipay (payment app with more than 1 bil users). What does this mean? Alipay is considered the go-to platform for everything, from ordering food to processing payment. Its profitable lending business helped issue 10% of all China’s non-mortgage loans in 2020. Meanwhile, the Chinese government has been looking to…
Ep 175: The saddening UK economy growth and the wheels behind
What’s going on? The UK economy grew only 0.1% in July, 1/10 of the rate in June. What does this mean? While June was the end of a notably strong 2Q, which saw the UK economy grow 5%. T Things are now very different in 3Q, however: The government has withdrawn various economic support measures The supply…
Ep 174: The US’s biggest airlines lower their forecast and the industry’s outlook
What’s going on? 3 of America’s biggest airlines (United Airlines, American Airlines, and Southwest Airlines) warned that a rise in coronavirus cases will impact profits this winter. What does this mean? The Delta variant has been on the rise in the US, which is likely to put everyone off their vacations, which is apparent through the…
Ep 173: Lululemon’s blooming 2Q result and the global supply chain disruption
What’s going on? Lululemon (high-end athleisure brand) reported better-than-expected 2Q earnings of $1.5b, a 61% climb yoy. What does this mean? Lululemon’s ecommerce business unsurprisingly had a great run in 2Q. What’s astonishing is the return of bricks-and-mortar shopping, with Lululemon’s store sales almost returning to pre-pandemic levels. Lululemon’s on track to achieve its 2023 revenue target by the…
with HT 