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    Alex Hu

    Vice President and Equity Research Analyst at Credit Suisse Group AG

    Alex Hu is a Vice President and Equity Research Analyst at Credit Suisse Group AG, specializing in coverage of the technology sector with a primary focus on Chinese internet companies such as Alibaba, Tencent, JD.com, and Baidu. He has earned recognition for his in-depth research and timely investment recommendations, with a published success rate of approximately 62% and average annualized returns in the 8-10% range for his top-rated stock picks on platforms like TipRanks. Alex began his equity research career in 2014 at Credit Suisse after graduating with a finance degree from a leading Chinese university, steadily advancing to his current senior analyst role. He holds FINRA Series 7, 63, and 86/87 licenses, and has been highlighted in client polls for his detailed industry knowledge and actionable market insights.

    Alex Hu's questions to MASTERBEEF (MB) leadership

    Alex Hu's questions to MASTERBEEF (MB) leadership • Q1 2018

    Question

    Alex Hu, on for Michael Nemeroff, asked about future technology integration between Booker and MINDBODY, the average GMV per high-value subscriber for each platform, the reasons for Booker's lower payments penetration, and its historical growth rate.

    Answer

    CEO Rick Stollmeyer explained that back-end integration will begin immediately due to similar tech stacks, though a full platform convergence is a multi-year goal. He confirmed Booker's average GMV is significantly higher than MINDBODY's. Booker's lower payments adoption was attributed to a lack of international partnerships and slower e-commerce adoption in the salon industry. CFO and COO Brett White added that Booker's recurring revenue streams grew in the low-teens in Q1, and MINDBODY's average GMV per high-value sub was about $18,000 per month.

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