Steer clear of Chinese companies especially ones that get listed on us exchanges.
If you're familiar with guanxi, you'll know Chinese companies do favors with authorities and misrepresent their revenues which leads to over valuation on Chinese stock, further Chinese companies that get listed in the US under shell companies are a huge business, they buy a dead company license and get listed under that on the US stock exchange, and under Chinese law there are no penalties for deceiving foreigners. So most Chinese shell companies just add an extra 0 or 2 to the revenue of their company and get it listed on the US stock exchange. Communication between the two countries are shit, and you have no way of actually knowing what the truth is. People have even paid Chinese citizens to spy on some shell companies that came to the US and in some areas they get arrested and put in jail indefinitely depending on how close owners/ceos are to the cops there.
So that's a no from me fam. Actually there's a lot of short sellers that pay people to expose Chinese shell companies then short them Tbh, Alibaba is huge tho so they prob have authorities in their pocket and the charade will last a while.