These assumptions and statements in the HSBC report make it look like they're coming from someone who doesn't--and hasn't bothered to--understand the space well. On that note, we have significantly healthier margins in our ad sales business than pretty much anyone most people know. Since the report isn't public, and we all get troubled by where we are and where we are heading, here's some context and detail around the HSBC report. An HSBC analyst report marked down our valuation from $1 billion to $500 million. ---Hello all,You must have woken up today to Google Alerts with mentions of Zomato's valuation being marked down by HSBC.

Source: Huffington Post May 09, 2016 04:03 UTC