渐渐理清思路, 对中概有了新的理解；投中概以分享中国经济成果，有何不可；答案是你可能分享不到

1. VIE structure doesn't protect shareholders' right.

2. Some companies never pay dividend. They rather hoard cash on balance sheet and seem to believe that's their cash, not shareholders'.

3. Certain company used to publicly state that shareholders' interest is the least important, behind customers and employees. Case in point: When Ali Pay was spun off from Baba, Yahoo as a 40% shareholder was not informed or consulted. CEO simply took a personal 46% share. The excuse was that there was no enough time (but the exuse was contradictory to known facts).

https://qz.com/221635/alibaba-has-a-new-way-of-explaining-its-controversial-alipay-spinoff/

4. Market fear of financial reports non-transparency.

5. Therefore, market's correction mechanism doesn't function well on these companies as it does other companies. Unreasonable pricing on some stocks may persist permanently.

6. Even if a few companies have reasonable stock price, it doesn't negate the above factors, and the aforementioned risk is still pending.

 

所有跟帖： 

• 对于Ali Pay 可以再深入了解一些。 -股市小书生- ♂ (229 bytes) () 10/02/2019 postreply 13:57:42

• 无论啥概，只要是画饼给你，你都要小心。其实在古时候，这都属于骗术一类。 -水明善- ♂ (0 bytes) () 10/02/2019 postreply 14:38:20

• 你看看 花姐现在开始说中凯坏话了吧，以前怎么说的 -霸天虎- ♂ (0 bytes) () 10/02/2019 postreply 16:23:00