https://huangyousee.com/research/ Research notes from the practice: dated, sourced, and revised in the open. en https://huangyousee.com/research/cross-border-valuation-discount/ https://huangyousee.com/research/cross-border-valuation-discount/ Fri, 07 Aug 2026 00:00:00 GMT Liquidity, disclosure, and governance explain most valuation gaps. This looks at what remains after all three are addressed and the discount still does not move. https://huangyousee.com/research/identity-dimension-of-blocked-cross-border-ma/ https://huangyousee.com/research/identity-dimension-of-blocked-cross-border-ma/ Fri, 07 Aug 2026 00:00:00 GMT Screening authorities, boards, employees and politicians read one acquisition differently. What they ask about the buyer is not what the terms answer. https://huangyousee.com/research/regulatory-friction-before-formal-review/ https://huangyousee.com/research/regulatory-friction-before-formal-review/ Fri, 07 Aug 2026 00:00:00 GMT Banks slow, sellers hedge, and advisers narrow their scope before any authority opens a file. On why that early friction is not always a compliance problem. https://huangyousee.com/research/why-cross-border-ipos-fail/ https://huangyousee.com/research/why-cross-border-ipos-fail/ Fri, 07 Aug 2026 00:00:00 GMT Some cross-border listings price poorly not because the equity story is weak, but because the receiving market has no settled category in which to place the issuer. https://huangyousee.com/research/why-global-expansion-fails/ https://huangyousee.com/research/why-global-expansion-fails/ Fri, 07 Aug 2026 00:00:00 GMT Expansion can stall while demand holds: a permit sits, a partner goes quiet, a trade body describes the company in terms it would not use. On the other judgment in play.