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    Blog · Research

How Qihoo 360 Won the Browser War in China

By Doug Pierce On January 11, 2012
Includes: QIHU

The Qihoo 360 Safe Browser surpassed Microsoft’s Internet Explorer last November to become the most widely used web browser in China. Not only has the three year old browser now hit 57% market penetration, but achieved its dominance in record time.

An onomatopoeia for the sound of a sneeze, Qihoo is best known for…

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Battle of the Southeast Asian travel portals

By Doug Pierce On September 28, 2011
Includes: EXPE • PCLN

Even with the effects of a global financial crisis, volcanic ash clouds over Europe, and earthquakes and tsunamis in Japan, there’s still a bright spot for online travel portals: Asia-Pacific, the fastest growing travel market worldwide and where only 22% of customers have booked online. While China and India have clear leaders with Ctrip and…

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Will Sina Weibo threaten Twitter as the world’s dominant microblogging network?

By Doug Pierce On August 22, 2011
Includes: SINA • TWIT

“Tweeting’s so yesterday,” declared a headline in China Daily from June of last year, an obvious pronouncement in a country with Twitter blocked and only 10 million of its one-billion-plus population on microblogs. The story featured Sina Weibo, a new microblog platform from a company better known for its news portal, and talked…

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Weighing the Risks, Rewards of VoyagerMoinsCher.com’s Widget Strategy

By Doug Pierce On August 10, 2011
Includes: Rakuten

The bargain implicit between webmaster and widget maker is as follows: webmasters get a plug-and-play solution to provide their visitors dynamic content or specialized functionality, while the widget maker in return reaches a broader audience and extends its brand.

The seventh most popular travel website in France, VoyagerMoinsCher.com (VMC), goes one step further and uses…

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Is HomeAway’s Competitive Position Stable?

By Doug Pierce On June 28, 2011

HomeAway goes public in a few days. This well-funded company (they’ve raised about half a billion dollars) has gotten some attention. What’s gotten less attention is that they’re an increasingly mature player in the industry. Although they sport a high revenue growth rate and good margins, many aspects of their business model simply aren’t sustainable.

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Qunar, Baidu, and the Wild Wild East of Chinese Consumer Web Companies

By Doug Pierce On June 27, 2011

Qunar is at the top rung of what is arguably the most lucrative and competitive niche in search: the online travel market in China. The company ranked first last March among Chinese travel websites in terms of daily page views, appears on the first pages of Baidu and Google.com.hk for generic travel keywords, and stands…

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Understanding the Groupon IPO Filing (GRPN)

By Byrne Hobart On June 5, 2011

You can download the Groupon prospectus as a PDF (3.8MB).

Groupon filed their S-1 to go public, prompting a flurry of commentary:

David Heinemeier Hansson says to pass on this deal. A Minyanville commenter argues that Groupon is effectively insolvent. Business Insider is worried about…

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Sequoia Fails to Spot Milanoo’s Black Hat Tactics Before Investing

By Doug Pierce On April 25, 2011

“Riches and status unjustly attained are to me like floating clouds.”
Confucius

Fashion, e-commerce, China, and millions of dollars in new capital. The Chengdu-based B2C apparel company Milanoo, now backed by Sequoia Capital, appears to occupy all the right spaces for success. In fact, the company boasted that it had 600% yearly…

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LinkedIn’s IPO Filing: Analyzing the S-1 (LNKD)

By Byrne Hobart On February 14, 2011

You can download the LinkedIn prospectus from the SEC’s website.

Last month, LinkedIn filed a prospectus with the SEC. It’s a great case study: LinkedIn is one of the largest social networks, and it may be the most mature of the major social networking businesses. Like Facebook, LinkedIn…

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Demand Media’s IPO: Everything You Need to Know (DMD)

By Byrne Hobart On August 12, 2010

You can download the Demand Media prospectus from the SEC’s website.

Demand Media is the biggest pure-play SEO company in existence. And SEO is one of the fastest-growing marketing channels. So if you want to know what the marketing industry as a whole will look like, the…

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  • Recent Research

    • How Qihoo 360 Won the Browser War in China
    • Battle of the Southeast Asian travel portals
    • Will Sina Weibo threaten Twitter as the world’s dominant microblogging network?
    • Weighing the Risks, Rewards of VoyagerMoinsCher.com’s Widget Strategy
    • Is HomeAway’s Competitive Position Stable?
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