I stay far away from Chinese stocks
Who do they think they are, Congress Members or something?
Read later.
Chinese Cheaters ever prosper...
I’m sure The Big Guy is getting his cut.
In his excellent book “Steath War” Gen. Robert Spalding (Ret.) discussed just how elaborate the state-run efforts at open industrial espionage are.
There was an American company that developed a great product, a “green” solvent of some kind. They were ramping up to go public, it was all looking rosy.
Then they began having problems. They thought it was with their marketing team, not following up leads for contracts, so they overhauled their Sales.
Then, they began having angry customers saying shipments were late, and when they did ship, they were not the correct product, or it was a partial shipment. Some customers had no product shipped at all. They began bleeding money in their support/sales, customers cancelling orders, so they shook up those two departments.
They had to delay going public, but out of the blue, they got a call from a Chinese investment number that made them an offer that was an uncannily accurate number (in investment terms) and they were flummoxed.
How on earth did someone outside the company know this, they thought. The brought in a company who determined they had been hacked. Everything.
And the hacking entity had gone into their sales program, and changed orders minutely, doubling this order, halving that one, delayed shipment dates to make them late, or even cancelling them.
And they did it in such a way as to make it difficult to determine there was actually a real problem, making it look like incompetence.
They brought in a government agency, and it was determined that Communist China was the culprit. State run.
They wanted to get the product and its patent, that was all.
Grasshopper...
I think I saw this in a movie.