I honestly fear for China’s markets if only because of the instability that will come along with it.
Scooters are kinda interesting in that an electric scooter appears to be more of an 'appliance' than gasoline scooters which seem more of a 'lifestyle'
It's probably a matter of time. I would be surprised if this were not to change as soon as a generation or two grew up having on of these in their teens.
Ride quality - both have their strengths. In the end I'd still choose the Niu for its agility, directness and, most importantly, silence.
ABS would be a real boon, but her LX50 doesn't have that either. Definitely something I'd like to see on my next one.
I have a former MD I used to work with who has some lovely restored classic scooters and I think he enjoyed them more than say his lexus.
Electric Scooters seem like they should be quiet and just work.
>Chinese companies are making a mad dash to get as much money as they can before investors finally catch onto them.
Well, better to say that Chinese companies were and are making mad dashes to get their MONEY OUT of China with some very inventive ways for decades.
Just before those were gold bars smuggled in the underwear, now those are things like financial instruments IPOs and such.
In a another news today, there was a note about Chinese company called Bytedance claiming bizarre valuation for its NASDAQ IPO, and the whole thread had not a single mention of rather substantiated and spoken about in China notion that Bytedance is another pump and dump scheme riding the ongoing O2O frenzy, and that their ownership structure suggest that the few other crazy rich Chinese people on board simply looking for a way to get their money out of China through that IPO.
The way I understand it, going public gives you liquidity, but I don't fully understand how this is a method of getting money out in a subversive way.
Invest in company in china -> company builds in valuation (pump) -> company IPO in america -> sell ownership share in america for american dollars (dump)
I imagine there are rules to prevent this, but I also imagine that there are loopholes...
1. A rich guy in China goes and makes a back room deal with a new wiz kid on the block with a promise to prop up his hot startup, thus initiating a "pump" part in a pump and dump. Usually the capital is injected through legal shells and one day funds to obscure the origin.
2. PR companies are hired to hype up the co as the next big thing since sliced bread
3. More back room deals are made with institutional players, to have them add more seemed legitimacy to the operation: investment funds, big name underwriters, 3rd tier American VCs, all kinds of other big name boys.
4. Then, a complex shell structure - VIE is built around the company in an offshore heaven country. That is to give the co. a material constitution outside of China's legal reach.
5. The co. goes for IPO in USA
6. The original Chinese rich guy dumps his stock of a VIE in USA, cash gets sent to his US account, completing the "dump" part of the scheme. Whatever happens next with the company, does no longer matter.
Are there examples of when the SEC cleared a company to go public, that was really in hindsight an elaborate money laundering and/or pump-and-dump sham? Because it seems to me like that would be exactly why the SEC exists: to protect the avg non-sophisticated non-professional retail investor from such things.
I guess it's hard to tease apart a pure pump and dump from a money laundering operation from one another.