Week 7 – Production Plan

[Nov. 26, 2018] * Tasks to be done * ~ Nov. 26-Dec.2, 2018 ~ Initial Analysis: Sea Group (SE.US) / GrubHub (GRUB.US) / Stich Fix (SFIX.US) / Upwork (UPWK.US) Travel Documentation: Japan and HK & SZ 1 Idea from Analyst Meeting Hotel Review: 2 Hotel Analysis: Millennium Mistui Garden Tokyo Deal and Forecasting Exercise on … Continue reading Week 7 – Production Plan

Mercari (4385.JP) – Initial Analysis

Mercari (4385.JP) [November 25, 2018] * Initial Analysis * Business Model The primary product level business model of Mercari is mobile app-based C2C marketplaces. Mercari's C2C marketplace app portfolio has dominant market position in Japan. Mercari is trying to penetrate overseas markets with operations in US & UK. The US operation is still in early … Continue reading Mercari (4385.JP) – Initial Analysis

PDD.US – 3Q18 Results Quick Look

Projection vs Actual Source of Difference ~ Operation Metrics ~ [1] Conversion rate defined as LTM Active Buyer / Avg. MAU decreased (an improvement for me) significantly by around 10 percentage points. [2] Actual LTM average rate per active buyer is higher then projected [3] Overestimation of adoption rate based on Wechat MAU [4] Underestimation … Continue reading PDD.US – 3Q18 Results Quick Look

Week 6 – Production Plan

[Nov. 19, 2018] * Tasks to be done * ~ Nov. 19-25, 2018 ~ Initial Analysis: Mercari / Kakaku Travel Documentation: Japan and HK & SZ 1 Idea from Analyst Meeting Hotel Review: 2 Hotel Analysis: Millennium Mistui Garden Tokyo Deal and Forecasting Exercise on Tainan Reading: 1 technical and 1 leisure Travel Plan: Kobe/Kyoto/Osaka … Continue reading Week 6 – Production Plan

Week 5 – Review

While the production plan had many to-do items, I only finished a few in the 1st production week. It seems not very productive? * Week 5 - Review * [2018/11/19] Initial Analysis Pinduoduo (PDD.US): Analysis note / Model China Education Group Holdings (839.HK): Model Research Management Internet names to research selected Operation Second Off-Shore Brokerage … Continue reading Week 5 – Review

PDD.US – Initial Analysis

PDD.US [November 17, 2018] * Initial Analysis * Business Model PDD is platform-on-a-platform marketplace which leverage established social network of foundation platform to aggregate consumer demand at large volume for merchants enabling deep volume discount for consumers. Current Monetization / Revenue Stream Currently, PDD monetizes the marketplace by providing online marketing services to merchants and … Continue reading PDD.US – Initial Analysis

4-Week Review: Oct. 13 – Nov. 9, 2018

[Nov. 10, 2018] *Weekly schedule & result* Week 1: IT system setup / planning / few analysis posted Week 2-3: Japan trip / hotel site visits / few diary kept Week 4: HK & SZ conference / found few candidates for further investment research /a pre-thesis posted *Research pipeline and topics collected in past four … Continue reading 4-Week Review: Oct. 13 – Nov. 9, 2018