West and China relationship is probably at all time low. Geopolitical risks should not be ignored.
Not sure how well you understand the Chinese market exactly but plenty of companies have tried to go in to make profit and has left many corpses. Most don’t get anywhere and those who grow rarely gets momentum. Unless the guys are well connected to the Chinese political party, they will not get really far and that is the sad truth. Regardless, the management are getting paid well while selling shareholders hopes and dreams. Just my opinion and for shareholders sake I hope I am wrong.
The 30m in revenue that is supposed to come from their strategic investors CCTG will be an interesting one to look out for. If they hit anywhere near the 30m then I will give them a lot more credit. If not then this is just another hype.
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