Sharon Lam joined Breakingviews in late 2017, and writes about Asia's consumer goods sector, technology and travel. She previously covered technology and culture at Forbes, and has also worked at Mirae Asset Global Investments and HSBC private bank. Sharon holds bachelor's degrees in international relations and political science from Tufts University, and is currently based in Hong Kong.
It values the self-driving truck firm run by financiers and a gamer at 4,260 times 2020 sales. Volkswagen’s Traton, UPS and others are partners. But autonomous vehicles are years off, TuSimple is hauling a load of governance issues and has an investor in a U.S. regulatory probe.
The $156 bln e-commerce company’s departing founder Colin Huang has given up his supervoting stock. But it’s not clear he’s relinquishing other holds on power. Insiders can exert outsize influence on the board. And Pinduoduo still lacks a finance chief. There’s more work to do.
The $81 bln smartphone maker grew adjusted quarterly earnings 37%. Suspension of a U.S. ban, plus the suppression of rival Huawei’s smartphone business, helped enormously. It is missing a golden opportunity, however, to achieve a goal of expanding beyond low-margin hardware.