As I prepare for my DIDIY presentation this morning, mostly #riskon news this morning.
- JD - new food delivery segment confirmed; focus on profit (or loss reduction) as JD breaks up Jingxi's family - pivotal part of my Long thesis. I expect another EBITDA beat in Q2 despite tough conditions
- BABA - Ant Group re-IPO could indeed be coming, as PBOC approved Ant Group's application to set up a financial holding company this morning
- TCHEY - govt data showed that game users in China fell every single month from January 2022 to April 2022. Indeed, the game user growth in China has plateaued and game companies have to look at overseas markets for growth.
