Personal Finance
8h
707
Is spending 12K per month normal or too much
Tech Industry
11h
2570
The job market is absolutely brutal right now
Tech Industry
5h
1470
Cute girl on the floor
Software Engineering Career
9h
1213
Cleared Amazon onsite, but lowballed.
Tech Industry
7h
1285
I am starting to think Chinese interviewers currently fail non-Chinese candidates on purpose.
https://www.caixinglobal.com/2021-12-24/china-says-complying-vie-companies-can-list-overseas-101821946.html "China’s top securities regulator said domestic companies can use the variable interest entity (VIE) structure to list overseas as long as they comply with related requirements, as the regulator spells out updated rules for offshore share sales." 2022 Year of Chinese tech stocks as China is finally participating in massive quantitative easing to get out of real estate issue? BABA the biggest value play of 2022? VIE structure is now official by Chinese top securities regulators. And every 1 BABA share can be exchanged in any major brokerage to 8 9988 Hong Kong shares. One of the biggest fears was the fear of VIE structure. With that gone, as long as you can own shares of Alibaba and the like, what is there to fear? Each ADR share is backed by Hong Kong share conversion. Finally, those who got destroyed by buying Alibaba at the peak can be a bit less broke. Edit: TC: 330K 3 YOE #China #Alibaba #tencent
VIE isn’t the problem. BABA most likely will keep dropping. It’s too early to catch this knife. I say wait a year and then decide whether you want to buy BABA.
I am almost half down. I have been catching this knife like an idiot. And I shall keep doing so. Because one day there will be a bottom. And trying to time the bottom is a fool's errand. This stock on up days can go up almost 20% before market opens. Chinese stock market with all the political fears going on makes even the top tech stocks move like penny stocks. Honestly, I wish this stock would just delist from NYSE. Better off just having to deal with Hong Kong exchange and not have price depressed due to the fears.
Insiders are not buying. Company buyback is tiny. There is no bottom. It’s best to wait a year and look at it again.
Does this mean that ByteDance will IPO in 2022?
Done.
Good man. You may now have my thoughts. Variable interest makes me suspicious that this is a crafty CCP ploy to backdoor the US financial markets with some kind of trickery where they change some overnight rate at 3am to f**k all of the Americans that invest. Us Americans may be stupid fat f***s that assume threats when there are none, but trivial game theory says we're better off leaning on the side of excessive caution rather than excessive trust for a regime that routinely violates human rights, is currently running concentration camps, and has a documented history of macroeconomic currency manipulation. I'd have to hear that this isn't a scam from none other than Joseph Rogan and Benjamin Shapiro themselves, in the flesh, before I would trust it.