Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee
https://finance.yahoo.com/m/531e6040-d87f-3035-afd8-75eefbc2581e/behind-the-fall-of-china’s.html
Behind the Fall of China’s Luckin Coffee: a Network of Fake Buyers and a Fictitious Employee
https://finance.yahoo.com/m/531e6040-d87f-3035-afd8-75eefbc2581e/behind-the-fall-of-china’s.html
Stop. How was it a tech company? I’m going to start a newspaper company, make up a bunch of new metrics, and call it a tech company.
Nowadays everything that use tech is a tech company ![]()
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Tencent aims to become biggest shareholder of video streaming rival iQIYI
AH jumps 30% but still lower than $27 when I sold most IQs.
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Defying Dire Predictions, China Is the Bubble That Never Pops
The country’s rapid rebound from the coronavirus means it’s poised for another year of growth while the U.S. contracts.
Rockets from $210 to near $260 in anticipation of Ant IPO. If Ant is valued at $200B, then BABA should moon to $320. So today price is a discount. If Ant didn’t IPO or IPO at lower price, … I’m not a messenger of bad news 
Chinese regulators want to inflate a new bubble. Timing is still early so Chinese stocks likely still have a long runway ahead. I think it may add fuel to the US market as well.
First teacher closed at $261.01, +17% for the week. Can’t wait to see what de-listing does. Another 50%? BABA is undervalued because it is listed in US stock exchange, contrary to @erth thought. Anyhoo, if BABA is delisted, HK stock exchange would be very happy since everybody has to trade BABA there. US investors have to trade directly with an account in HK or through OTC like TECHY.
Last thing, Jim Cramer loves BABA.
If BABA thinks it is undervalued in US stock market, it is welcome to list at HK and gain tremendous value. Who is stopping?
But, I do not understand why BABA would not want to play by the same rules everyone listing in US plays? Why this special entitlement for BABA?
Look like you are not catching up to news - reading only selected news
Already listed in HK since Dec. Currently, split volume in HK and US stock exchanges. A few bullish events soon, possible 8 for 1 split and in August a Hang Seng index will be listed which allow China people to trade BABA. Currently, China people has to trade BABA using HK or US stock exchanges.
Your 2nd comment is Trump talk. There is nothing fishy going on, only witch hunting by Trump. Trying to find bones in eggs.
Rest of your post was good. I really do not follow every news. But the comments of the type above are not good. I can turn back and say the above comment as some “whatever” talk. It will go nowhere and result in endless back and forth.
Sina is going private. I suppose they will relist in HK afterwards. Bidu seems to be on the same path.
This is financial decoupling. Expect this to accelerate in the near future. There’s talk within the State Department about measures to damage the HK dollar peg against USD. I think it’s possible longer term if Xi continues on his warpath with the west. That would be the financial nuclear bomb.
It doesn’t matter what Xi does. It doesn’t matter who is POTUS. The Thucydides’ Trap is unavoidable.
The Thucydides’ Trap is a misleading idea. China is nowhere close to achieving a near-superpower status, let alone being the only one in the world. And the USA is nowhere close to relinquishing the status it has.
I think one of the key requirements of being a world power is that you are not dependent upon the current power in a significant way. That is why I always stress. China should stress in strengthening its domestic economy.
And if you are dependent upon the same source as others are, you will always be fighting with 2nd tier aspirants.
Not sure your point. USA is the one nervous. Untiringly find issues with China.
Is USA nervous? Yes. We might say the USA is paranoid.To quote Andrew Grove: “Only the paranoid survive”
Is China close to becoming a superpower and displacing the USA ? China is not even halfway there. No one is finding issues with China. OTOH China comes up with unreasonable demands. For example, it believes Chinese companies should be exempt from GAAP reporting standards. Sorry. If a company needs to list on US stock exchanges, it must follow the same standards every other company on the exchange follows.