China Tech Investor

23: Is Luckin Coffee a real business?

An episode of China Tech Investor

By TechNode
The China Tech Investor podcast is a weekly show featuring Elliott Zaagman, writer and contributor to TechNode, and James Hull, a professional investor.

Each week, the two look at their watchlist and talk about what's happening with listed Chinese tech companies
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27: Alibaba’s earnings and is this the end of the “China Hustle?”
In this episode of the China Tech Investor Podcast powered by TechNode, James and Elliott dig into the quarterly earnings of Alibaba. They also discuss the trade war’s latest impact on markets, and the proposed legislation which would require Chinese firms listing in the US to undergo American auditing standards. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Editor Peter Isachenko Podcast information: iTunes Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
50:38
June 11, 2019
26: Baidu’s unprofitable quarter and Pinduoduo keeps burning money
In this episode of the China Tech Investor Podcast powered by TechNode, James and Elliott discuss the quarterly earnings reports of Baidu and Pinduoduo. For the quarter since their IPO in 2005, Baidu failed to report a profit, in the latest in what has been a disappointing string of events for the company known best for its popular search engine. For Pinduoduo, marketing expenses keep increasing, but are those investments paying off for the company? Please. note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Podcast information: iTunes Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:01:44
June 6, 2019
25: Live from Emerge—Huawei on the US Entities list with Paul Mozur
 In this special *live* episode, recorded May 23rd, 2019 at Technode’s inaugural Emerge event, hosts Elliott Zaagman and James Hull are joined by Paul Mozur, a technology reporter with the New York Times who covers tech companies, cybersecurity, censorship and the intersection of geopolitics and technology in Asia. What better to discuss with him than the “elephant in the room:” US Commerce Department adding Huawei to the Entities List? The discussion around Huawei covers whether Huawei can survive being on the Entities List, Huawei’s consumer devices versus networking equipment, CFIUS, which companies are impacted, which companies could benefit the most, Google & Android OS, and features live Q&A from the audience. The China Tech Investor podcast is powered by Technode. Note: the hosts and guest do not claim ownership of the truth in the matters discussed. This was recorded before the President Trump tweet that suggested Huawei is on the table in the trade deal negotiations. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guests: Paul Mozur – The New York Times Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Editor Peter Isachenko Podcast information: iTunes Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
41:50
May 30, 2019
24: SoftBank's Vision Fund and peak tech with Shai Oster
 In this episode, recorded May 9th, 2019 hosts Elliott Zaagman and James Hull are joined by Shai Oster, Asia Bureau Chief of The Information, to discuss SoftBank, the potential Vision Fund IPO and what may be the top of the tech-infused market cycle. The hosts also briefly touch on the ever-fluid trade rift, Trump tweets and discuss how gaming regulations, which prohibit blood in games, have turned Tencent’s mobile game, the Battle Royale shooter PUBG, into Game of Peace (or Peace Elite) and the funny reactions on Weibo. The China Tech Investor podcast is powered by Technode. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guests: Shai Oster – The Information Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Editor Peter Isachenko Podcast information: iTunes Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
55:44
May 15, 2019
23: Is Luckin Coffee a real business?
In this episode of the China Tech Investor Podcast powered by TechNode, our hosts welcome back Technode contributor Michael Norris to discuss the IPO of Luckin Coffee.  Luckin is hardly free of controversy. From a CMO who spent time in prison to a rapid expansion financed by an equally rapid cash burn, there are a lot of reasons for skepticism. However, their upside is still bound to draw the attention from investors who don’t want to miss out on what could very well be Starbucks’ most formidable competitor in China. Read Michael’s previous work on Luckin: Why it’s time to wake up and smell the coffee on Luckin From jail to java: How Luckin’s CMO is hacking China’s coffee market Luckin may not last, but its model will  As well as TechNode Editor-in-Chief's analysis of their IPO: Is Luckin’s rushed IPO a path to sustainability or a pig in a poke? At the beginning of the episode, James and Ell briefly discuss UXIN’s response to the damning accusations levied against them by Anne Stevenson-Yang and J Capital Research. Anne discussed her report on episode 22 of the podcast, and also issued a rebuttal to UXIN’s response. Listeners can read, and decide for themselves Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guest: Michael Norris Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Podcast information: Spotify iTunes RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:12:56
May 5, 2019
22: Livestreaming fashion and the dangers of stock-picking with Jordan Schneider
It’s crossover episode time! Ell and James sit down with Jordan Schneider from the China Econtalk Podcast to discuss livestreaming fashion in China, Facebook vs Wechat, and the risks of stock-picking. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guest:   Jordan Schneider - @jordschneider1 Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Podcast information: Spotify iTunes RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
58:12
April 29, 2019
21: Why UXIN’s stock is a lemon with Anne Stevenson-Yang of J Capital Research
In this episode of the China Tech Investor Podcast powered by TechNode, our hosts talk with the one and only Anne Stevenson-Yang, co-founder and research director at J Capital Research. Anne and her team at J Cap recently made headlines when they released a report accusing US-listed Chinese second-hand auto sales platform UXIN of fraud, recommending a short on their stock.  Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guest: Anne Stevenson-Yang - @doumenzi Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Podcast information: Spotify iTunes RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:00:54
April 23, 2019
20: Xiaomi's Q4 earnings and China's new tech board with Jacky Wong
 In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull talk about Xiaomi’s Q4 earnings report, as the company is selling more smart phones but experienced a jump in inventories at year end and more.  This episode also features an interview with Wall Street Journal’s Jacky Wong, where they discuss China’s new technology board and the implications for investors, companies and China’s capital markets. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Links: Xiaomi Q4 earnings notes INSIGHTS: Shanghai tech board to push semiconductor independence Guests: Jacky Wong – Wall Street Journal Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Editor Peter Isachenko Podcast information: iTunes  Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:17:02
April 17, 2019
19: Tencent’s earnings and growing in mature market with Michael Norris (part 2/2)
   In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull talk about Tencent’s Q4 earnings report, as the company attempts to prepare investors for their shifting business model. This episode also features part 2 of an interview with AgencyChina’s Michael Norris, as they discuss future growth opportunities for companies such as Pinduoduo, Meituan-Dianping, and Didi. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: · Tencent · Alibaba · Baidu · iQiyi · Xiaomi · JD.com · Pinduoduo · Meituan-Dianping Guests: Michael Norris – LinkedIn  Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Producer Peter Isachenko Podcast information: iTunes  Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
52:24
April 8, 2019
18: Growing in a mature market with Michael Norris (part 1/2)
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss live streaming, Pinduoduo’s results and cash flow conundrum and Meituan’s 2018 performance. Michael Norris joins to share his insights on the companies we follow and his article “Growing in a mature market: Six directions for China’s tech giants”. Michael Norris is research and strategy manager at Agency China and a Technode contributor.  This is first of two parts of the interview. The discussion should not be construed as investment advice or a solicitation of services. Please note, the hosts may have positions in the companies discussed.  Links Growing in a mature market: Six directions for China’s tech giants Check out TechNode's network of podcasts Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com  Pinduoduo Meituan Guests: Michael Norris – LinkedIn  Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Podcast information: iTunes  Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:09:22
March 25, 2019
17: JD's strong earnings and Alibaba vs Tencent with Tim Culpan
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss JD’s surprisingly positive earnings report, and invite Bloomberg’s Tim Culpan on to discuss Alibaba and Tencent’s power struggle at the “Goldman Sachs of China,” and get deep into the balance sheets of Chinese tech companies. The discussion should not be construed as investment advice or a solicitation of services. Please note, the hosts may have positions in the companies discussed.  Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com  Pinduoduo Meituan Dianping  Guests: Tim Culpan - @tculpan       Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Podcast information: RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:11:58
March 7, 2019
16: Bytedance's Shanghai IPO, Meituan Dianping added to the watch list
 In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss ByteDance allegedly asked to IPO on Shanghai’s tech board, gaming regulations (again!), Blackrock upping its stake in JD and Baidu & iQiyi’s Q4’2018 earnings. Emma Lee joins to discuss and add Meituan-Dianping (HKEx: 3690) to our watchlist. Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. The discussion should not be construed as investment advice or a solicitation of services. Please note, the hosts may have positions in the companies discussed.  Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com  Pinduoduo Meituan Dianping (new!) Guests: Emma Lee - @EmmaLee12345 Hosts: Elliott Zaagman - @elliottzaagman James Hull - @jameshullx Podcast information: RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:10:22
February 27, 2019
15: Tencent buys part of Reddit and common reporting standards
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull talk about Tencent’s investment in Reddit and the potential for China’s adoption of common reporting standards to pay the way for more open capital flows. They also discuss Xiaomi’s continued success in India, Pinduoduo raising more cash, and Chinese tech giants’ big spring festival hongbao giveaways.  Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: · Tencent · Alibaba · Baidu · iQiyi · Xiaomi · JD.com · Pinduoduo Hosts: · Elliott Zaagman – @elliottzaagman · James Hull – @jameshullx Podcast information: · iTunes · RSS Feed · Music: “Hey Ho” by Steve Jackson, Royalty Free Music
1:10:40
February 17, 2019
14: Alibaba’s earnings and Chinese e-commerce in southeast Asia with Bernard Leong”
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull welcome Analyze Asia’s Bernard Leong on the show to talk about Chinese e-commerce firms, and their proxy wars as they fight over the southeast Asia market. The guys also go over Alibaba’s quarterly earnings report, iQiyi’s regulatory roadblock, and whether this is a good time for Pinduoduo investors to sell high.
1:19:35
February 3, 2019
13: Davos, Vancouver real estate, and entrepreneurship in China with Shlomo Freund
Elliott Zaagman and James Hull discuss Vancouver real estate, Wang Qishan in Davos, make a prediction about Baidu and discuss other updates on the watchlist. Shlomo Freund, the host of the China Business Cast, who has spent 15 years as a cross-border entrepreneur, joins to talk about entrepreneurship in China and managing personal finances to achieve life goals. Shlomo is currently a speaker and mentor, helping individuals eliminate money as a source of financial stress and achieve financial freedom.
1:08:47
January 27, 2019
12: Huawei’s dilemma and the shrinking smartphone pie
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss the statements of Huawei founder and figurehead Ren Zhengfei, as his company becomes embroiled in controversy. The guys also cover the battle for India’s smartphone users, WeChat vs Bytedance’s new messaging app, and how some of China’s richest businesspeople are attempting to protect their wealth.
58:37
January 18, 2019
11: Obnoxiously addictive short video apps with Masha Borak
Elliott Zaagman and James Hull discuss Xiaomi’s stock slump, problems in the smartphone market, and the wave of layoffs in China tech. They are also joined by Masha Borak. She recently spent a week immersed in content on 19 different Chinese short video apps, and lived to write about it! All joking aside, Masha shares her observations from her time on the apps and helps the guys understand their draw in China and abroad, as well as how they might be impacted by new regulations.
1:15:32
January 14, 2019
10: The tech cold war with Paul Triolo
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull take a look back at some of the big events of 2018 and make some predictions about 2019, including the much-rumored Ant Financial IPO. They are also joined by Paul Triolo, the Head of Global Technology Policy at Eurasia Group, to talk about the tech "Cold War." He has spent the better part of the past three decades focusing on China, the US, and the geopolitics of technology.
1:12:42
January 2, 2019
09: Tech transfer concessions
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss Bytedance accusing Elliott's Chinese publisher of “malicious slander.” James and Elliott also dig into proposed reforms around tech transfer and look into the latest news with JD, Tencent, Alibaba, and more.  Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services.
57:26
December 29, 2018
08: Relocating a factory from China, what to know
Elliott Zaagman and James Hull discuss the upcoming China Economic Work Committee, central banks, Smartisan, Samsung factory closing, Baidu’s RMB 1B investment in mini-programs, and Xiaomi’s pivot back to China. They also get into the gritty on relocating a factory with East West Associates’ Alex Bryant and Mark Plum: what goes into deciding to relocate, how the ASEAN countries compare with China, and more.
1:09:25
December 19, 2018
07: The Tencent Music IPO drama
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss Huawei, the SEC, the Tencent Music arbitration, Alibaba Pictures, Video Games Ethics committee, Baidu & iQiyi’s recent fund-raising activity, and possibility of mainland investors being able to buy Xiaomi’s shares through the HK stock connect.
56:09
December 12, 2018
06: Trade agreements and communist party committees with Christopher Balding
Elliott and James discuss the G20, party committees, and look at the cash burn (negative free cash flow) at four watchlist companies. They are joined by Fulbright University professor and Bloomberg Opinion columnist Christopher Balding to discuss the Trump-Xi G20 meeting and party committees in Chinese companies. The discussion should not be construed as investment advice or a solicitation of services. Please note, the hosts may have positions in the companies discussed.
1:15:48
December 5, 2018
05: JD and Xiaomi’s earnings & adding Pinduoduo with Xue Yujie
In this episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss the good, the bad, and the ugly from the series of Q3 earnings reports published last week, with a special focus on watchlist companies JD and Xiaomi. They are also joined by Sixth Tone business and technology reporter Xue Yijie as they add Pinduoduo to the watchlist, and discuss the rapidly-growing e-commerce firm whose founder describes as “Costco and Disneyland.”
1:05:16
November 28, 2018
04: Caixin Summit & Tencent’s strategic upgrade with Matt Brennan
Elliott and James are joined by Matt Brennan, co-founder of China Channel and one of the world's foremost experts on Tencent and WeChat. Elliott and James begin discussing some topics from the 9th Caixin Summit’s open-door events: fintech and financial policy; benefits of China’s WTO membership; and US-China relations. In the watchlist segment, they discuss some highlights from Tencent’s Q3’2018 earnings call. Finally, they chat with Matt about Tencent’s strategic upgrade to the Industrial Inte
52:46
November 23, 2018
03: Bytedance - The most valued unicorn in the world with Jon Russell
Elliott Zaagman and James Hull discuss why investors should put 11.11 sales numbers in perspective and look at which companies on the watch list are most vulnerable to a recession or worsening trade tensions. They are also joined by TechCrunch reporter Jon Russell, with whom they talk about Bytedance, Xiaomi, and the trend of international user acquisition.
1:07:38
November 15, 2018
02: Adding JD to the watchlist with Rui Ma
In the second episode of the China Tech Investor Podcast powered by TechNode, hosts Elliott Zaagman and James Hull discuss a new addition to their watchlist with Rui Ma from the Techbuzz China podcast. They also discuss October, trading psychology, and recent earnings releases by iQiyi, Baidu and Alibaba. As always, the hosts may have interest in some of the stocks discussed. Please note, the discussion should not be construed as investment advice or a solicitation of services.
55:49
November 6, 2018
01: Welcome to the China Tech Investor podcast
On the inaugural episode of the China Tech Investor Podcast powered by Technode, hosts Elliott Zaagman and James Hull discuss their reasons for starting the podcast, and identify the first five companies on their list of Chinese tech stocks to watch. As always, the hosts may have interest in some of the stocks discussed. Please note, the discussion should not be construed as investment advice or a solicitation of services. Watchlist: - Tencent - Alibaba - Baidu - iQiyi - Xiaomi
53:35
October 30, 2018
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