Information asymmetries between tech-focused Chinese companies and US investors makes it easy for dishonest managers to lie to investors.
After Luckin touched off a short-selling bonanza, e-commerce and edtech are winning, but what about everyone else?
Michael Norris from Agency China talks earnings. They go over the quarterly reports from Alibaba, JD, and Tencent, as well as Luckin Coffee’s very impressive report, which sent their stock soaring.
Shares slid overnight after losses hit nearly $100 million in the quarter.