CryptoFundManager

BEKE KE Holdings. ARK sold all its 9Mil shares

NYSE:BEKE   KE Holdings Inc
In a selloff that can predict a new market valuation on Chinese stocks, ARK Invest sold all its 9 139 000 shares of BEKE .

Looking at its financials, BEKE is not a bad stock to own at at price lower than its IPO.

The company had revenue increase year over year in the last 4 years, but only in 2020 went profitable with 2.78Bil Earnings . They also have a decent PE Ratio ( TTM ) : 39.71

The question is: would you buy now what ARK sold for a loss??
Even Buffett was wrong when he sold Delta Airlines or Icahn about Hertz!

Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!

It seems dangerous to hold Chinese stocks right now.

US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.

This looks like the beginning of China`s stock market crash.

I`m looking forward to read your opinion about this!

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