One of the reasons that Chinese shoppers fail to splurge could be due to the lacklustre local stock market that has yet to enrich the economy. More needs to be done to kick-start a sustainable bull market
$NIO-SW(09866)$ Vicious cycle. It's gonna end at some point. But it's better to wait for a confirmed turnaround before going long. Look for bullish engulfing candle, morning star, bullish hammer, harami and etc. These reversal patterns are not visible yet. Do not chase a stock, let it show you and come to you instead.
I did not expect my returns since September 2023 to beat 99% of platform users. Probably doing less is more. Buying quality stocks at a depressed price and do nothing for the longer term.
$BEST Inc(BEST)$ Any hope for Best Inc? A company that is making more than $1 billion a year but with a market cap of less than $50 million. The best solution is to merge with Cainiao and stay listed in the US