I invested in $BABA long long time ago and after a while I sold taking some profit.
Chinese stocks are such a pain because of their government. Sure they have nice companies, but once their size scares out the government or once they are not useful to achieve government plans then they get crippled down.
If you want to invest in China always look for companies aligned with government strategies (BYD is the current example) else just put your money somewhere else. It will grow faster and with less pain.
Chinese stocks are such a pain because of their government. Sure they have nice companies, but once their size scares out the government or once they are not useful to achieve government plans then they get crippled down.
If you want to invest in China always look for companies aligned with government strategies (BYD is the current example) else just put your money somewhere else. It will grow faster and with less pain.
•
33
•
@Toshi-and-the-Mountain thanks for your insights. I still own some JD.com ($JD) as I’m really impressed by their technological assets in terms of logistics and capacity to deliver in one day 90% of the Chinese.
Though I agree, Chinese stocks never got the multiple they deserved when acting independently politically… too bad 🥲
Though I agree, Chinese stocks never got the multiple they deserved when acting independently politically… too bad 🥲
•
11
•@stockpickerFr exactly and as we speak this news is just out:
https://finance.yahoo.com/news/tencent-shares-decline-us-adds-182247122.html
Sounds almost like a joke.
https://finance.yahoo.com/news/tencent-shares-decline-us-adds-182247122.html
Sounds almost like a joke.
••