To The Moon

SummaryRecently the Daily Journal's 13F revealed that the company trimmed its Alibaba position by 50%.It isn't necessarily the case that former Chairman Charlie Munger sold due to weakening conviction

Alibaba, Pinduoduo, JD.com, Baidu, Bilibili, iQIYI, DiDi, Nio, and Li Auto climbed between 1% and 4%

Sea and Grab stocks climbed in morning trading. Sea gained more than 2% while Grab jumped more than

Hot Chinese ADRs rallied in morning trading, with Alibaba rising 3% and JD rising 5%.

GameStop may be the top holding in SPDR S&P 600 Small Cap Value, but that's not the only reason the

Data released Wednesday showed a record gap between the speed at which producer prices and consumer prices are rising."The major problem has been that the consumer's not all the way back," says Leland Miller, CEO of China Beige Book, a U.S.-based independent data and analytics firm.Persistent weakness in Chinese consumption will prevent businesses from charging higher prices — even as production costs keep rising, says Leland Miller of China Beige Book International, a U.S.-based independent dat