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Keep your guard up, but no need to panic. 

$JD.com(JD)$

If there is nothing wrong with the company, I think there is no need to panic sell. I feel that the difference between a US equity and a Chinese equity is not only the company valuation, but also the company must get on the government's good side to prevent massive sell offs as seen by $DiDi Global Inc.(DIDI)$

That being said, I still having my guard up against these companies at the moment and for the foreseeable future. Hopefully the rally up yesterday isn't a dead cat bounce.