AIDC
AI Document Services Inc
stock OTC

I started buying (DCA) at 170 when I though the crackdown is over. The problem is the crackdown may be over, but the economy of China has deep rooted problems. I bought a lot around 80 and sold almost 50% between 125-145 recently.
When I look at FCF, it is around 9$ per share. The company switched to spend a lot on AI, but I don't think it will bring growth due to the deflationary pressures on China economy. Cloud and international ecom (AIDC) is currently the only interesting growth sector, but profitability will take time due to competition. Overall, I do think that PE of 10 is reasonable, plus cash we get 130$ per share, and this is why I sold.
If the Chinese economy will indeed start growing and the deflationary pressures will stop, the stock may get PE 20 and will return to 200$. I waited a few years, and don't really see good signs there. There are however growing Chinese companies, but Alibaba is too big so the macro is much more important.

I started buying (DCA) at 170 when I though the crackdown is over. The problem is the crackdown may be over, but the economy of China has deep rooted problems. I bought a lot around 80 and sold almost 50% between 125-145 recently.
When I look at FCF, it is around 9$ per share. The company switched to spend a lot on AI, but I don't think it will bring growth due to the deflationary pressures on China economy. Cloud and international ecom (AIDC) is currently the only interesting growth sector, but profitability will take time due to competition. Overall, I do think that PE of 10 is reasonable, plus cash we get 130$ per share, and this is why I sold.
If the Chinese economy will indeed start growing and the deflationary pressures will stop, the stock may get PE 20 and will return to 200$. I waited a few years, and don't really see good signs there. There are however growing Chinese companies, but Alibaba is too big so the macro is much more important.