North of South Capital reduced its Vipshop stake by 1.09 million shares ($21.04 million) in Q4, cutting the position from 6.3% to 3.6% of assets. Despite the sale, the fund retained a $40 million stake. Vipshop reported Q3 revenue of $3 billion (up 3.4% YoY) and net income growth of 16.8%, with guidance for up to 5% revenue growth next quarter, suggesting the trim was tactical rather than a loss of confidence.

Despite Full Truck Alliance (YMM) stock falling nearly 20% in Q4 2025, London-based North of South Capital LLP increased its position by 240,446 shares, bringing its total stake to $116.40 million (10.46% of AUM). The fund's confidence appears grounded in the company's operational strength, with Q3 2025 showing 10.8% revenue growth and 22.3% order growth, despite near-term market skepticism around China tech stocks.

North of South Capital LLP purchased 180,081 shares of JD.com worth approximately $5.63 million during Q4 2025, despite the stock declining nearly 20% that quarter. The fund's total JD.com position stands at $122.06 million (11% of assets), representing conviction in the company despite recent underperformance. While JD.com's stock is down 28.7% over the past year, the company showed operational strength with 14.9% revenue growth and 700+ million active customers, though margin pressures from increased marketing and fulfillment costs remain a concern.

Amazon Pay, originally launched in 2007 as Pay with Amazon, has expanded its payment solutions beyond online transactions to include in-store, peer-to-peer, credit, and loan services. The report provides insights into Amazon Pay's business model, product offerings, and strategic milestones, including partnerships and collaborations.

The money transfer agencies market is expected to grow rapidly in the coming years, driven by the increasing prevalence of digital transactions, remittances from expatriates, and the development of innovative money transfer apps by leading companies.

ICICI Bank (IBN) becomes the 18th biggest bank globally in terms of market cap. Robust loan growth, digitization and non-interest income growth support the prospects, though investors should wait for a better entry point.

BSAC vs. IBN: Which Stock Is the Better Value Option?

BSAC vs. IBN: Which Stock Is the Better Value Option?

BSAC vs. IBN: Which Stock Is the Better Value Option?

ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.

Apple, Linde, Comcast, ICICI Bank and Xylem are included in this Analyst Blog.

Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Linde plc (LIN) and Comcast Corporation (CMCSA).