/biz/ - Business & Finance

>>20450552
They've been around for quite some time. Anything to do with tech and contactless/e-commerce in China is now a huge hit (as evidenced by JD, PDD, even fucking ancient BABA over the past 6 months), and will likely solidify at around the price it's at now. I got in on MOGUJIE at 1.42 for the lulz a few weeks ago for 200 bucks because I want it as a long-term hold (insider, chinese gf's extended family works there) and made almost 800 because of some insane pump that still persists to this day and prohibits me from buying back in.

Chinese e-commerce is the shit, especially undervalued because of the virus now. They're not going to go into a recession because of all the slave colonies they have in eastern europe and Africa. You're right about Luckin and MYT and other retail shit going wrong, if its a retail business, they can't hide numbers for too long, opex is insane in tier 1 cities and they can scam gullible westerners thinking they're going to turn a profit once upon a time.

However, anything to do with e-commerce, they'll be able to do just fine because their programmers are paid literal, lower than pajeet tier peanuts, QR payments via weixin/alipay are as widespread as chainlink threads are on /biz/, and Chinese housewives are bored shitless and just want to buy more shit they don't need, that's the sentiment now and it has been for ages now.

tldr

retail china business = no wtf
china e-commerce/online/solutions = yep