61–70 of 123 posts
What matters is durability and defensibility, not current market value which is very speculative if you ask me. When they produce something like Microsoft, Apple, Amazon, Google I'll reconsider my position.
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not to mentioned they are government-sanctioned/backed oligarchs.
Yeah but so is Ford ( https://qz.com/1262815/fords-move-to-stop-making-cars-was-en... ) and GM ($49.5 Billion US govt. bailout), they would have been crushed by the Japanese and European auto companies a long time ago but nobody cares, it's the winners that matter in the world so saying govt. sanctioned is pretty random chance of probability, I wish I was a govt. sanctioned company person in China but that is never g…
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> They really need to be selling to consumers. Huh? I don't understand your point, as they DO sell to consumers, and are the best known drone brand as it is.
Sorry, yes I phrased that wrong. I meant they need to keep their focus there.
This is of course an exaggeration by Bloomberg. Six of the ten richest people on earth are US tech billionaires. Out of the 63 technology billionaires in the top 500 global richest that Bloomberg tracks in their billionaires list, 32 are in the US. China has 13. Here's the breakdown of technology billionaires in the Bloomberg top 500 rich list by country (the list cuts off at $3.7b): US 32, China 13, Germany 5, Canad…
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Xiaomi doesn't really make air filters and vacuums, they are made by their partners. Xiaomi is providing retail service to those partners. Xiaomi also provides partners other services, like pooling purchases to lower price and pooling loans to lower rate. One financial analysis of Xiaomi I read (it's in Korean, I couldn't find anything in English) is that it is in part a lending company funded by float from manufactu…
To begin with, money in China are super duper cheap to begin with. I guess, even "super duper cheap" was not enough for Xiaomi
Count me skeptical about of some of these 'self-made' billionaires. Pinduoduo for example, as with many Chinese companies, has been accused of falsifying revenues to pump stock prices. Yes, this stuff happens in the US as well (we all remember Enron and Theranos), but to what extent, are the statements of these companies transparent and well-audited, and regulated by government differs by region. And Bitmain? Is it t…
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To begin with, money in China are super duper cheap to begin with. I guess, even "super duper cheap" was not enough for Xiaomi
Isn't interest rate much higher in China compared to US?
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> devices now used extensively by the film industry. It's not a big enough industry to support their valuation. Many companies have developed clever equipment for the film industry over the decades[1] and none has been valued at $15bn for it[2]. As an example: Panavision sold for $622M last year. They really need to (edit: continue to) be selling to consumers. That said, I agree completely about their quality and suc…
Yes, DJI literally shocked me when I bought the Mavic. They completely bust the stereotype that China is bad at design and innovation, e.g. "Designed in California, Assembled in China". Everything from the build quality, to the packaging, documentation, software, even customer support has impressed me. They're like the canary in the coal mine, a wakeup signal for the Silicon Valley that thinks they're still on top be…
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They're not the same. For example, it's the U.S. that has the world's largest prison population and the world's most expensive healthcare, etc. China has different issues.
You're right that they have different issues, different problems, different strengths. But what irks me is the "what-aboutism." If Texas executes handicap people, that's awful. But it makes China harvesting organs OK? The U.S. has a horrible track record in Latin America and (frankly) around the world, so China gets some "slack" in how many human rights activists or lawyers it jails each year? I understand I'm respon…