There are alitany of undervalued Chinese cash boxes listed on US and Hong Kong markets. Most of them will never get unlocked in any meaningful capacity, either steadily burning cash and destroying the value, or paying a 2% dividend and building it up, unwilling to distribute it out. I’m very skeptical when it comes to these sorts of ideas, but when the setup is right they can be a very attractive R/R proposition, trading at significant discounts to liquid assets with significant upside in the case of a potential rerating. I see High Templar Tech ($HTT) as an opportunity like this.
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