Chinese publicly listed companies are almost uniformly smoke and mirrors. Alibaba makes money and is more legit than something like those paper plants that claimed to do $100M in production and distribution a year but had a facility that couldn't even do $5M a year, but it's still mostly bullshyt IMO.
When the rampant, overwhelming corruption crashes down on the Chinese govt, and it will it always has throughout history, it's gonna be ugly beyond all measure.
Alibaba is listed on NYSE.Chinese publicly listed companies are almost uniformly smoke and mirrors. Alibaba makes money and is more legit than something like those paper plants that claimed to do $100M in production and distribution a year but had a facility that couldn't even do $5M a year, but it's still mostly bullshyt IMO.
When the rampant, overwhelming corruption crashes down on the Chinese govt, and it will it always has throughout history, it's gonna be ugly beyond all measure.