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26-08-2021, 12:11 AM
That's very true unlike US tech that can expand all they want and capitalize on operating leverage. Chinese Tech firms cant anymore.
This is why many of the large reputable names are at 20x PE despite revenue growing at double digits annually. Paradigm has changed
This is why many of the large reputable names are at 20x PE despite revenue growing at double digits annually. Paradigm has changed