Last year Yeahka had a great rally when Chinese SaaS stocks received attention from ARKK buys. This has come all the way down, now it is undervalued. Cathie is still holding. A big guy from Tencent running the show. Tencent owns a partial stake.
Great company. Square of china. Huge TAM. Yes, there is competition. However, market is big enough to go to SQ-like valuation (that is a 5x). Give it a few years. This is my personal opinion and not investment advice.