NASDAQ:BIDU   BAIDU INC SPON ADS EACH REP 8 ORD SHS
Good day traders,
We position us short in Chinese tech again. According to a contact of mine in Washington, the Biden administration plans to impose a Trump-era rule aimed at combating the rising importance of Chinese technology firms.
The rule, that the Trump administration proposed in November, enables the Commerce Department to ban technology-related business transactions that it determines pose a national-security threat. It is also aimed to secure US supply chains. It puts further pressure on Chinese technology companies such as Baidu , as it limits their possibility to enter the US market or get any substaintial market share. Baidu saw some tailwinds recently after news that it plans to enter the EV market in a cooperation with Geely - however, it went quiet on that venture and there were no reports of progress in that direction.
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nice Florian :D
+1 Reply
BIDU IRON CONDOR with high Probality of Profit

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