China to close VIE used by Chinese compamy for oversea listing.... Not sure about implication on existing listed company... But certainly doesn't sound good for investors' confidence.Smack. $Alibaba(BABA)$$DiDi Global Inc.(DIDI)$https://www.bloomberg.com/news/articles/2021-12-01/china-plans-to-ban-loophole-used-by-tech-firms-for-foreign-ipos?srnd=premium-asia
Alibaba Group Holding Ltd.’s Singles’ Day shopping festival posted record sales of 540.3 billion yuan ($84.5 billion) The urge to spend is hard to quench...
Everyone has to start from somewhere.... It's easier and more comfortable (less stressful) to get started in an environment/system with familiar brand names. I dont think that's a bad thing.
@FundMall:Home country bias is the tendency for investors to favour assets from their own country or region over others. Such investors may overweight their portfolio exposure to domestic stock which could at times result in them missing out on better investment opportunities abroad. Watch the video to learn more!Credits: @Franklin Templeton