>>60751724
You can get $10 fakes on Temu that are materially indistinguishable from Crocs. Unlike sneakers where you get a minor quality boost for the 500% upcharge.
So what is BABAs actual malfunction? P/E ratio of 13.5 and crabbing at $100 for the past 3 years. Ridiculous.
Does the market think that its numbers are all cooked, like LuckinCoffee a few years back? But even they somehow turned around and 10xed their stock right after being exposed as fraudulent. I really don't get it.