Tim Culpan

It’s time Meituan focused on arresting losses and not just beating revenue guidance

By cutting its losses, Meituan can now focus on its core battle against ele.me, the delivery service backed by Alibaba Group Holding Ltd.


Sea Ltd and the problem with ‘adjusted’ earnings

Sea isn’t alone in cherry-picking numbers and offering them as “adjusted” figures. Ford Motor Co. and Newell Brands Inc. take the same approach.


Alibaba’s rivalry with Tencent comes to head with CICC investment

Alibaba and Tencent may be less interested in gaining a seat on the board of an investment bank than focusing on asset management.


Huawei plays a game of musical chairs with its top executives

In most Western companies, the chairmanship is a functional position on a board of directors. At Huawei, it’s an honorific title that recognizes seniority and service.


Grab may shed asset-light model, add inventory, thanks to strategic partner Toyota

The Singapore-based ride-hailing company had just landed $1 billion in funding from Toyota Motor Corp, and the deal looked a little like vendor financing.


Grab should rework strategies to keep the market in balance

Go-Jek’s entry offers Grab a chance to rethink its approach. It should hold fast on incentives and price both supply and demand according to sound economic principles that ensure some profit for everyone, including itself.


Xiaomi doubles down on smartphone business with Meitu deal

Not only does Xiaomi remove a competitor (albeit a not very threatening one) for next to nothing, it gets to roll out a multibrand smartphone strategy just as it’s seeking broader international appeal.


Why Alibaba’s Singles Day is a meaningless shopping event

The figure that grabs all the headlines is gross merchandise value (GMV), which is the world’s most useless financial metric. An examination of the correlation between GMV and revenue shows that there isn’t one.


How the Saudi situation is linked to money flow in Silicon Valley

With so much of the Silicon Valley business model built on hopes (of big funding rounds) and dreams (of massive wealth), all it could take to disrupt the momentum is fear of a funding crunch.


HK’s dreams of becoming a hub for tech listings fading fast

Such a fast decline by two early adopters — Xiaomi and Meituan — doesn’t augur well for Hong Kong’s reputation. It already tried relaxing listing rules when it introduced the Growth Enterprise Market two decades ago.