NIO | BABA | Are Chinese stocks a good buy now, or DANGER!?

Too soon to buy Chinese stocks? BABA, BIDU, DIDI, NIO, NTES, SOHU, TCHEY, WB and most other Chinese stocks all have losses of 20-50% since my last update in July urging caution holding them. Pressure from the US and Chinese governments and recent regulations pose a continuing threat going forward. Alibaba, Baidu, Didi, NetEase, Nio, Sohu, TenCent and Weibo are among dozens of Chinese stocks subject to the new Holding Foreign Companies Accountable Act, as well as the more recent Accelerating Holding Foreign Companies Accountable Act which require strict compliance to US accounting audits for foreign companies within a 2 year period. Foreign Companies which are not in compliance will be delisted from US stock exchanges. More recently China has also begun it’s own internal crackdown on it’s technology, social media and other companies to protect data flow and accounting from leaving the country, including recently having DIDI removed from all the app stores in China until they address concerns from the Chinese government. All of these factors have continued downward pressure on the price of Chinese stocks creating real risk in the short term (and possibly long term) for US investors.

Due Diligence Links:
1) Biden/Xi meeting update:, Oct 7, 2021: https://www.reuters.com/world/china/us-says-agreed-with-china-virtual-biden-xi-summit-before-years-end-2021-10-06/
2) PCBOA Rule Sep 22, 2021: https://www.securitiesregulationmonitor.com/Lists/Posts/Post.aspx?ID=448
3) Accelerated HFCAA Act (US Senate): https://tax.thomsonreuters.com/news/senate-passes-bill-to-accelerate-delisting-deadline-for-u-s-listed-chinese-companies/

Popular Chinese stocks include:
Alibaba - ticker symbol BABA
Baidu - ticker symbol BIDU
Didi- ticker symbol DIDI
NetEase - ticker symbol NTES
Nio- ticker symbol NIO
Sohu- ticker symbol SOHO
TenCent - ticker symbol TCHEY
Weibo - ticker symbol WB

Alibaba (BABA) is considered the ‘Amazon’ of China.
Baidu (BIDU) specializes in Internet-related services and products and artificial intelligence.
Didi (DIDI) is a Chinese vehicle for hire service considered the ‘Uber’ of China.
NetEase (NTES) is a Chinese Internet technology company providing online services centered on content, community, communications, and commerce.
Nio (NIO) is a Chinese electric vehicle manufacturer.
Sohu (SOHU) is a Chinese internet company. Sohu and its subsidiaries offer advertising, a search engine, on-line multiplayer gaming and other services.
TenCent (TCHEY) and it’s subsidiaries market various Internet-related services and products, including in entertainment, artificial intelligence, and other technology.
Weibo (WB) is a Chinese social network company known for the microblogging website Sina Weibo.

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