SDGR - Chinese Internet Weekly: Mea Culpa

• For Chinese stocks, the tough macro backdrop last week was just another flesh wound on a badly battered body with multiple lacerations.
• The overly exploited VIE risk continued to be effective in spooking the market, with an unsubstantiated Bloomberg report on a China ban making the rounds many times over.
• A SEC statement on the lack of access to audit papers in China reignited fears over the delisting of Chinese ADRs.
• The strong cash position of JOYY pushing it to potentially see a negative enterprise value exemplifies the undervaluation Chinese stocks are experiencing.
• My portfolio is deep in the red but I am more ashamed of being adamant about how wrong the naysayers were. I'm sorry for pushing in vain the weekly narrative that has been supportive of Chinese stocks.

For further details see: