Profile

Industry: Internet retail

Sector: Consumer discretionary

Theme: Emerging markets consumer

2 3/4-Year shareholder growth: +23.3%/year

Estimated fair value: $154

Valuation assumption: 3.0% MFCF yield

Insider ownership: 14.4%

Investors: Rajiv Jain (GQG Partners), Lewis Kaufman (APAM), Tom Slater (Baillie Gifford), Tencent Holdings (0700.HK)