It has to do with the general political climate. There will be for sure a deeper clash between usa and ccp in the near future. China wants to overthrow the usa as the general world power and trump wants to prevent this. Therefore, I would stay away 100% from chinese adrs in general as they could be soon delisted. Here is an article about chinas plans: tabletmag.com/sections/news...
@Alex03 Whys it tanked? It beat, guidnace withdrawn? Also I ageee, their numbers seem like utter BS each time. I don’t believe for a second they can generate $30billion in on day for singles day.
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