People know who Apple is. Apple has a reputation. Sure they're compromised by NSA, but every communications medium in the world is compromised by NSA.
I don't know who's running this server in China. But unless it's the NSA, you're much worse off using this app than native iMessage, because now in addition to NSA seeing everything, so does this guy--who has no reputation at risk. Adding more eavesdroppers makes communications additively less secure.
How exactly do I have nothing to fear from the Chinese? At least the NSA is unlikely to have any real interest in communications between Americans in America because it's outside their mission, which is not true for Chinese or Russian intelligence.