Alētheia Capital’s Post

We may all be familiar with the products from this brand. But how many of you know the business model and profitability of Miniso? Let's learn from Xingyu Miao's analysis today! #miniso #research #investing https://lnkd.in/gRvzZtRY

𝐀 𝐟𝐚𝐬𝐭-𝐟𝐚𝐬𝐡𝐢𝐨𝐧 𝐠𝐢𝐚𝐧𝐭 𝐒𝐡𝐞𝐢𝐧 𝐢𝐬 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐯𝐞𝐧𝐮𝐞𝐬 𝐟𝐨𝐫 𝐢𝐭𝐬 𝐈𝐏𝐎 𝐚𝐬 𝐢𝐭𝐬 𝐩𝐥𝐚𝐧𝐬 𝐟𝐨𝐫 𝐚 𝐔𝐒 𝐥𝐢𝐬𝐭𝐢𝐧𝐠 𝐟𝐚𝐜𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬. US #IPOs by Chinese companies have become increasingly rare, particularly after regulatory crackdowns and tensions between the US and China. SHEIN, in particular, has faced scrutiny from US officials regarding its operations in China, including concerns about transparency and its supply chain practices, particularly regarding cotton sourcing from Xinjiang. On the other hand, shifting Shein's #IPO to London or another European destination, where competitors like Sweden's H&M and Zara-owner Inditex are listed, offers a logical alternative. Additionally, Europe is one of Shein's largest markets. Asia's financial centers, including Singapore and Hong Kong, are also potential options where Shein would likely receive a warm welcome. Singapore's major bourse is notably international, with approximately 40% of listed firms originating from elsewhere, while Hong Kong remains a significant fundraising hub in Asia, despite recent declines in Chinese equities. However, both Singapore and Hong Kong have not seen multi-billion dollar listings in years. While these venues could facilitate quicker exits for the company's backers, achieving Shein's desired $90 billion valuation might be more feasible in New York. https://lnkd.in/dbjep-jF #AdAstraIPO #IPOnews

Shein, a fast-fashion online group, is eyeing London as a backup for its IPO if US regulators reject its preferred New York listing due to ties with China. Singapore-based Shein views the UK as an alternative after considering Hong Kong, citing poor market performance. Despite prioritizing a US listing, scrutiny over its Chinese connections prompts Shein to explore London. The company’s chair discussed this with UK officials. While London struggles to attract major listings, Shein’s potential move could be a rare victory. However, the US filing aims for a higher valuation. Concerns persist over Shein’s ties to Xinjiang and slave labor, prompting calls for due diligence. #us #uk #newyork #london #china #singapore #ipo #shein #public #hongkong #stockmarket #stockexchange

Here is the future of retail. Livestreaming inside a physical retail location! (in this case a shop in Shanghai selling vintage branded bags). In China it is already a consistent part of business while in US/Europe it's still in its infancy, but the path is signed: retailers need to become media companies and small/big entrepreneurs media personalities to add credibility and differentiate themselves. Your products or services need to be narrated in a format (mostly video) that becomes entertainment and informative at the same time.

Of the 18 largest multinational companies that report their earnings from #China, 13 saw annual revenues there fall in 2023. #Qualcomm and #Samsung recorded sales drops of more than 20% each, #Apple sold 25% fewer #iPhones in the first 6 weeks of 2024 than it did in the same period in 2023. In February #Tesla sold 19% fewer EV’s and luxury conglomerate #Kering sales were down by 20% in Q1 of 2024 - Source: #theeconomist

Donald Tang fouled up worse than Jensen Huang. Shein is not an 'American company' - it is at best a Singapore company. It is - a Chinese company with a Singapore headquarters. Temu, Shein, TenCent, Alibaba, Huawei, Xiaomi, PinDuoDuo, DiDi ..... cannot pass themselves off as International Companies with non-Chinese roots because their names are meaningless without a Chinese context. ByteDance, TikTok, Nio seem to understand this better - but also no one is buying it. Should Shein try to be non-China Chinese company? Yes. WHAT???? Well, it is going for listing and what works best for the listing should be the direction for the moment. Can they ever succeed in Singapore washing? It depends - Forrest Li and Sea/Garena did. But he did START in Singapore. So Chinese companies are under a cloud. In the West. So are US companies that are paying for the US support of Israel vs Hamas. Starbucks and McDs are facing slumping revenues in parts of the world outside of the US - and this does not mean that McD now needs to position itself as a Middle Eastern company by relocating its HQ to Dubai. Chinese companies and Chinese products (the non-fake ones) are seen to be good value for money in parts of Asia, Africa, ME, Central Asia and LatAm. If we want a good enough product and do not want to pay Korean prices which are good enough vs Japan's but we don't want to pay Japanese prices ... Chinese products hit the spot. Over time, Vietnam and Indian products would too - but they have to beat the Chinese products first. "It’s a mistake. From electric vehicles to smart home appliances and cross-border e-commerce, Chinese companies are gaining market share because of their access to the vast industrial catalog and efficient supply chains at home. That gives them an edge, so they might as well celebrate it. There’s no shame in being Chinese." Let's just say that if China was selling crappy goods, no one would give a shit. You are measured by the (economic) enemies you attract. Just ask Musk how BYD steamrolled him.

We are pleased to share with you our Q3 Financial Report 2023. Despite macro headwinds, we grew revenue 5% year-over-year, and achieved significant year-over-year improvement in operating cash flow.  Baozun Brand Management is executing well on its transformation of GAP Shanghai, accomplishing a wide array of successes, including new products, new store openings, and increased brand marketing and visibility. “This quarter, we are also excited to announce a contemplated 51% equity acquisition of Hangzhou Location Information Technology Co., Ltd. ("Location"), a top-tier Douyin partner specialising in Apparel and Accessories. We're thrilled about the synergistic blend of our market leadership in creative content, compelling portfolio of brand partners and profound eCommerce operating experiences with Location's exceptional skills and insights in daily livestreaming.” said Vincent Qiu, Chairman and Chief Executive Officer of Baozun. With our new strategic alliance, we can be in a stronger position to better serve our clients and partners in this dynamic market. Download our full Q3 Financial Report here: https://lnkd.in/gX37pGf9 #Baozun #BaozunAsia #eCommerce #Omnichannel #DigitalCommerce #AI #QuarterlyResults #Retail #FinancialReporting #FinancialResults #China

👋🏻🇨🇳YOOX NET-A-PORTER says Goodbye Greater China 🇨🇳! As I’m always repeating to my clients as well as during my classes, the Chinese market might become an Eldorado (was it existing?) Yoox Net-a-Porter operated in China since 2013 under a joint venture with Chinese ecommerce giant Alibaba Group which will be liquidated, according to what Financial Times reports. The partnership with Alibaba was signed in 2018 “to bring 950 luxury brands in the Country”. The question you might have is: how did this happen? Let’s start by saying that Chinese consumer market is fully dominated by Tmall and JD.COM , referring to Alibaba’s chief competitor. Moreover as Thomas Hale pointed out in the FT article, don’t forget that Alibaba invested in the joint venture to enhance its luxury credentials. Since that partnership in fact, many luxury brands as Burberry entered on Tmall with less fear. And now? Jacques Roizen could not have said it better: “The brands that have been fuelling their growth with the rise of the middle class are the ones that are exposed to the current economic environment in China”. #digitalmarketing #ecommerce #omnichannelmarketing #luxurymarket #chineseluxury

Temu, a low-cost retailer from China, has overtaken rival Shein in the app stores in South Korea and Japan, gaining market share following its successful entrance into Western countries. According to a study released by Goldman Sachs on October 4, "Temu has rapidly expanded its footprint beyond the U.S. and into several international geographies and we believe is now available in 40+ countries... where we continue to see opportunities for growth in the quarters ahead." Temu, owned by PDD Holdings, is predicted by the investment company to "now generate more than $1 billion of [monthly transaction value]" and to "continue growth into second half 2023." #iontrendz #temu #china #app #business #retail #clothes #mobile #phones #october #busines #western #countries #pdd #study #rpildy #growing #us #severl #news #newstoday #newsupdate

While e-commerce is experiencing strong growth in Southeast Asia on the back of continuing digitalization and a growing middle class, competition is also growing strong in the e-commerce sector. Gunjan Soni, CEO of ZALORA Group, shares her insights with CNBC's Squawk Box, on how ZALORA offers a package of highly curated brand offerings and excellent customer service to differentiate itself from competition. Gunjan also shares about how we see our brands as active partners in this journey with us to drive adoption and particularly for the global brands that we work with, access to the Southeast Asia market. Check out her feature here: https://lnkd.in/gfQC2Ff5 ZALORA empowers our brand partners with the best fashion e-commerce supply chain infrastructure in Southeast Asia and also ensures an exceptional customer experience with our comprehensive capabilities. To find out more about how ZALORA can help you access or expand your e-commerce business in the Southeast Asia market, please visit: https://lnkd.in/gdF4S2aF #ecommerce #retail #supplychain #partnership