Jan. 13 at 6:19 PM
$CHR | Some interesting comparative data....
CHR lists its primary competitors as Alibaba (Nasdaq:
$BABA ), Pin Duoduo (Nasdaq:
$PDD ), Douyu (Nasdaq:
$DOYU ), Mango Media (SZ.300413), and TVZone Media (SH.603721). The last two companies are not listed on U.S. exchanges, so I omitted them from this quick analysis, but their financial statements are accessible via investing.com for anyone interested.
All four companies listed on the Nasdaq are registered in the Caymans, have significant operations in China, and operate in accordance with a variable interest entity (VIE) structure. I mention this to confirm we're comparing apples to apples, structurally speaking, as this structure describes CHR.
I relied on ChatGPT to pull the data used for the chart below and convert any values in CNY to USD. Even when you narrow it down to companies of the same or similar organizational structure, you still get an absurdly low valuation, especially given the recent cash raise and low TSO.
