The CCP is very concerned about dissent, and has already cracked down on powerful figures and companies that it sees as a potential threat. See Jack Ma for example. Since cloud data has enormous information about potential dissent, I expect this to be an even bigger target in the future, and cloud companies like Baba will be targets.The CCP not only doesn’t give a shit about company’s evaluation and stock prices, it deliberately takes away value from investors in the name of wealth inequality. In fact the Chinese people tend to try to grow their wealth in real estate instead of stocks, so taking on these companies would mostly hurt foreigners, which is great in Xi’s book.Baba is especially dumb to hold because you don't own Alibaba stock, you actually own a holding group in the camen Islands as its illegal for foreigners to own Chinese tech stocks. Xi can close this loophole at any time and zero out your investmentsStock prices in China simply do not reflect underlying value there. FXI, basically China's Dow, hasn't risen since 2009. China’s GDP has tripled during that time, while the US GDP has only gone up 50% in that time. While FXI hasn’t changed, the Dow has gone up 4x in that time.Major foreign investors and hedge funds are now hesitant to put much money in Chinese stocks because of the CCPs track record of prioritizing quashing perceived threats and trying to create “wealth equality.” There simply will not be the large cash flows to boost stock prices that we see in US companies.There are just much safer investments, that are much more likely to pan out, in the US. US companies prioritize investors, often over their own workers. Chinese companies don't care so much about the investors in comparison, and as I mentioned earlier, why would companies prioritize a Cayman Island holding company. If you like losing money go ahead and invest in Baba. “Contrarian indicators” and a low PE ratio don’t mean shit because of the reasons outlined above.notes from user $BABA, Alibaba Group Holding Limited / H1 PDD: $PDD, PDD Holdings Inc. / H1