u/Gondar1994

3 theses · first seen Sep 4, 2026
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Past performance does not predict future results. Informational only, not investment advice.

Thesis history

$JDr/ValueInvestingDiscussionbearish
u/Gondar1994 · 1005d ago2 prior · awaiting results

I think there is a general misunderstanding of how Chinese Companies work and why I will never buy one

Chinese companies like JD use variable interest entity (VIE) structures registered in the Cayman Islands, meaning Western investors own no direct interest in the underlying business or its cash flows. The VIE structure leaves investors vulnerable to loss of ownership claims if the parent company restructures.

Now $26.92as of Sep 18, 4:30 PM ET
original post →
$PDDr/ValueInvestingDiscussionbearish
u/Gondar1994 · 1005d ago2 prior · awaiting results

I think there is a general misunderstanding of how Chinese Companies work and why I will never buy one

Chinese companies like PDD use variable interest entity (VIE) structures registered in the Cayman Islands, meaning Western investors own no direct interest in the underlying business or its cash flows. The VIE structure leaves investors vulnerable to loss of ownership claims if the parent company restructures.

Now $78.90as of Sep 18, 4:30 PM ET
original post →
$BABAr/ValueInvestingDiscussionbearish
u/Gondar1994 · 1005d ago2 prior · awaiting results

I think there is a general misunderstanding of how Chinese Companies work and why I will never buy one

Chinese companies like Alibaba use variable interest entity (VIE) structures registered in the Cayman Islands, meaning Western investors own no direct interest in the underlying business or its cash flows. The VIE structure leaves investors vulnerable to loss of ownership claims if the parent company restructures, as illustrated by Yahoo's 2011 dispute with Alibaba that Yahoo lost in Chinese courts.

Now $113.24as of Sep 18, 4:30 PM ET
original post →

End of results.