Nonetheless this being accurate, I want to make a counter: BABA has too much power in China. Making anti-trust laws will only give way to BABA's competitors to rise up. BABA's upper hand was having a big fat share of stocks of most logistic companies in China, and thus making it harder for competitors to rise up. I believe that, surely, BABA is a great investment, BUT that investment probably have higher returns if done into Pinduoduo. Obviously, Pinduoduo has a much debt, but it's steadily rising in terms of popularity.
Good idea to hedge my March 2021 NIO calls with short terms puts into earnings? At its peak this week, NIO was up over 30% on the week and after the dip its up 8% on the week.
