Thanks CK for the insightful information, especially Lululemon. Your visit sort of confirmed my view that Lulu’s China’s segment is fantastic, as indicated by the last few years china’s revenue. I posted in Piranha’s discord channel that I will be holding on to Lulu, at least for a while more, though some members have sold. But i have to watch carefully as fashion is a very competitive industry
Thanks CK for inspecting nearly the entire Hang Seng Index in this trip, but you miss out JD :) For those western brand, do not single out China, it's the same in other country, I just came back from Japan and it's the same situation, the common brand like Nike, Adidas, Starbucks, McDonald etc are all fatigued, they only do well in Factory Outlet mall, but those rising star e.g. Lululemon, NorthFace, Canadian Goose etc have substantially more traffics. I believe it's the same in Singapore, so their stocks price already coincide with this phenomenon. As for language, I never expect western county to display or speak Chinese and I don't understand why you even expect Chinese to do the same for English, when minority expecting majority to adapt, that is expectation mismatch and self entitle, if there is, it's only a value added service that's available in larger city and some MNC run businesses, it's the same everyway like Japan, Korea, France and Italy.
Living in Shenzhen I try to follow that EV transition from close and is shocking how they packed all malls with car dealers. You said most brands but Geely is a hidden one as is a group with many brands. And some works quite good like Zeekr and Volvo.
About finger prints and facial recognition, just saying that Singapore does the same thing... Also, the U.S. already collects your finger prints too. In fact even when I visited Malaysia, they also collected my finger prints and EVEN MALAYSIA had a few "Counters" where they also did facial recognition, I know I went through them because it is so much faster. But you don't get a stamp... The facial recognition thing seems to only apply to countries with the technological infrastructure for it and I didn't see it when I went to the U.S. but I'm sure some airports in the U.S. has them as well. I also did 2 months of travel this summer (for leisure at my own cost). First was a month in China, went to Hong Kong, Macau, Shanghai, Zhangjiajie and Beijing. Then I did 2 weeks in Cambodia, 4 days in Singapore and 10 days in Malaysia (Kuala Lumpur). Let me tell you, China was SO MUCH FUN. I'd return to either China or Malaysia for sure. Singapore is great, but so expensive, it's just like Canada but you can see that you guys don't have winters and the architecture is beautiful. But I'll say this, China felt super safe and I don't even speak mandarin or any Chinese dialect. I still could do whatever I wanted. But yeah, I did notice that it wasn't all that, China looks like it has a lot of difficulties, empty malls (except the food sections), price that are somewhat really high in those malls. Abandoned buildings (not as many as portrayed in western media, but they exist).
I saw a different Chongqing when i went there at the end of summer this year. The crowds were CRAZY and it felt like all the Chinese from different parts of China were holidaying there. Certainly didnt feel like a recession was going on.
Thanks for the on the ground info for people who never or long time never visit china. Very informative. Only thing is a bit dry without some videos. Would be good if you incorporate some videos in it or some sort of simpler travelogue
hope you enjoyed. did you visit 成都太古里 while you were there ? Was it busy ? Also another foreign brand that is worth keeping an eye out especially during winter season in china is, Canada Goose. Amazing turnaround opportunity as they reposition themselves to focus on luxury fashion.
Btw biometric data collection and CCTV is not unique to PRC, Japan, US, Singapore and most country does it too so do not overly paranoid and giving in to slandering media unless you intending to do bad thing, just like our chewing gum ban and vandalism canning is a huge deal to them which tbh none of us giving it a hood, Chinese says 平时不做亏心事，半夜不怕鬼敲门, often not I find myself walking safer in the street of Chengdu at night than in LA or London.
As someone who has lived and worked in China for 18 years (before Covid), I feel your trip has helped you gain a more balanced and realistic perspective on the good and bad, fluff and stuff regarding China, especially compared to your comments on the China economy and Chinese companies/stocks from previous videos!
@@hopemeng7263 Depends on the city, it's easier in first-tier cities like Shanghai, Beijing or Hangzhou, but the other tiers may be tougher. But, most young people can understand English (more than they can speak). It's best if you have an translator app to help you. Many of the bigger apps like Didi (ride-hailing), Wechat etc. have English translation function in-built.
@@hopemeng7263it would be difficult for a non mandarin speaking Chinese (race) to travel to China alone… The local will be much more accommodating to westerners who don’t speak mandarin than to non mandarin speaking Chinese foreigners….
I never expected Lululemon to have such success in China. Well, I suppose something you don't know would not be your opportunity cost. But, man, it went to $200 ish, and I was biting my nails for a long time..
How monetized did you feel wechat actually is? Because i feel they dont make as much money as they should from it considering 1.4b using it daily for most purposes, I believe there is room to grow on the that front
I was in Xiamen for holiday during October last year. All the big outlets in the city are still accepting cash. Especially in the more local malls. I was surprise as I was given the impression before the trip that most places no longer accept. That said, I hardly saw any local pay by cash.
only the top 3-5 will survive... it is the norm... do you know how many manufacturers there were back in the heydays ... in fact a few are living a 2nd/3rd life under a Chinese company today.
Corrupted USA can print money when economy is down and doesn’t have any consequences, whilst China debt is low in comparison~ yet struggles in comparison to USA. This world is so illogical.😂
Chinese gov total debt (including the local gov) isn’t that low… Even though China is a republic just as the us, but because of the one party system, the central gov is expected to payoff local gov debt….
@@TheAlbert18361 CK, on Alipay, you may have caused anxiety to others who want to use this payment platform. If Alipay is linked to Singapore bank account, you have to input pin number so there is no reason to worry about overcharge. There is a 3% subcharge if the bill is over 200 RMB. As such it is prudent to split the bill to multiple of 200 RMB to save the 3% subcharge.
Compare the numbers, your statement ‘isn’t that low’ is redundant. Debt: USA 32trillion vs China 14trillion. Population: USA 300million vs China 1.4billion. Which means debt per person 107K in USA vs 10K in China.
@@TheAlbert18361If you add in the state debt with the debt from the federal government that is even worse when you compare please compare apples with apples not apples and oranges.
@ us state finances is independent of the federal… States gov can default without affecting the federal credit rating… Chinese local provinces debt is financed by the banks which are mostly state owned
Aiya... Give him another 5 years la. If he still can't see growth in his substantial China portfolio within 5 years, and he is still shouting "long-term", then I only got one word "Hopeless" for anyone left in this one-sided endeavor.
you are literally my number one source of information related to China, thanks a lot Tay!
Thanks CK for the insightful information, especially Lululemon. Your visit sort of confirmed my view that Lulu’s China’s segment is fantastic, as indicated by the last few years china’s revenue. I posted in Piranha’s discord channel that I will be holding on to Lulu, at least for a while more, though some members have sold. But i have to watch carefully as fashion is a very competitive industry
I like this episode very much. On-side analysis.
Baba back to under 80. This is killing me.
good lesson from this is not all in on any single stock
You should be rejoicing in the fact that management can retire shares at a cheaper price.
Finally!! You are back, I have been waiting for more alibaba updates
Very accurate about Meituen. They start making drone delivery in some cities in China.
Thanks CK for inspecting nearly the entire Hang Seng Index in this trip, but you miss out JD :)
For those western brand, do not single out China, it's the same in other country, I just came back from Japan and it's the same situation, the common brand like Nike, Adidas, Starbucks, McDonald etc are all fatigued, they only do well in Factory Outlet mall, but those rising star e.g. Lululemon, NorthFace, Canadian Goose etc have substantially more traffics. I believe it's the same in Singapore, so their stocks price already coincide with this phenomenon.
As for language, I never expect western county to display or speak Chinese and I don't understand why you even expect Chinese to do the same for English, when minority expecting majority to adapt, that is expectation mismatch and self entitle, if there is, it's only a value added service that's available in larger city and some MNC run businesses, it's the same everyway like Japan, Korea, France and Italy.
Living in Shenzhen I try to follow that EV transition from close and is shocking how they packed all malls with car dealers. You said most brands but Geely is a hidden one as is a group with many brands. And some works quite good like Zeekr and Volvo.
About finger prints and facial recognition, just saying that Singapore does the same thing... Also, the U.S. already collects your finger prints too. In fact even when I visited Malaysia, they also collected my finger prints and EVEN MALAYSIA had a few "Counters" where they also did facial recognition, I know I went through them because it is so much faster. But you don't get a stamp... The facial recognition thing seems to only apply to countries with the technological infrastructure for it and I didn't see it when I went to the U.S. but I'm sure some airports in the U.S. has them as well. I also did 2 months of travel this summer (for leisure at my own cost). First was a month in China, went to Hong Kong, Macau, Shanghai, Zhangjiajie and Beijing. Then I did 2 weeks in Cambodia, 4 days in Singapore and 10 days in Malaysia (Kuala Lumpur). Let me tell you, China was SO MUCH FUN. I'd return to either China or Malaysia for sure. Singapore is great, but so expensive, it's just like Canada but you can see that you guys don't have winters and the architecture is beautiful. But I'll say this, China felt super safe and I don't even speak mandarin or any Chinese dialect. I still could do whatever I wanted. But yeah, I did notice that it wasn't all that, China looks like it has a lot of difficulties, empty malls (except the food sections), price that are somewhat really high in those malls. Abandoned buildings (not as many as portrayed in western media, but they exist).
Exactly. I don’t understand why this is even worth a mention.
I saw a different Chongqing when i went there at the end of summer this year. The crowds were CRAZY and it felt like all the Chinese from different parts of China were holidaying there. Certainly didnt feel like a recession was going on.
Same observation from me. Hongkong, Shenzhen and Guangzhou
Actually Red China does care about foreign tourists a lot. That's why it's trying to attract more of them with various policy changes.
Why you gotta say red
@@Lalalalalelo So it's not to be confused with Democratic China, also known as Taiwan.
Very good summary of your prc trip. Well done and thank you. Am vested in prc.
Good review of your experiences in China. Great sharing.
Great video. It would have been better if there were more videos or photos of your trip. 😊 Haven't been to china myself.
Ali Baba taught this kid a lesson
what lesson?
Please talk about tencent im depressed with it its been 4 years
It's over for China economy
I sold this stock 4 years ago and went in tsla
When it's above 200 days moving average sell. Below buy. Good luck. No emotions here.
Thanks for the on the ground info for people who never or long time never visit china. Very informative. Only thing is a bit dry without some videos. Would be good if you incorporate some videos in it or some sort of simpler travelogue
hope you enjoyed. did you visit 成都太古里 while you were there ? Was it busy ?
Also another foreign brand that is worth keeping an eye out especially during winter season in china is, Canada Goose. Amazing turnaround opportunity as they reposition themselves to focus on luxury fashion.
Thank you Tay Chi.
Btw biometric data collection and CCTV is not unique to PRC, Japan, US, Singapore and most country does it too so do not overly paranoid and giving in to slandering media unless you intending to do bad thing, just like our chewing gum ban and vandalism canning is a huge deal to them which tbh none of us giving it a hood, Chinese says 平时不做亏心事，半夜不怕鬼敲门, often not I find myself walking safer in the street of Chengdu at night than in LA or London.
Will you come out with a china vlog?
Hope you can comment on these companies. 1)China Mengniu Dairy Company 2.)Meituan 3.)China Life Insurance Company
Hi Chi Keng, can share which shopping mall you are referring to in heart of Chong Qing and empty?
As someone who has lived and worked in China for 18 years (before Covid), I feel your trip has helped you gain a more balanced and realistic perspective on the good and bad, fluff and stuff regarding China, especially compared to your comments on the China economy and Chinese companies/stocks from previous videos!
i do not speak mandarin, is it easy to speak english with them?Do i need a tour or can go myself?
@@hopemeng7263 Depends on the city, it's easier in first-tier cities like Shanghai, Beijing or Hangzhou, but the other tiers may be tougher. But, most young people can understand English (more than they can speak). It's best if you have an translator app to help you. Many of the bigger apps like Didi (ride-hailing), Wechat etc. have English translation function in-built.
@@thewonderfulworld3352 Is it easy to walk alone or better for a tour?
Was he more bullish or bearish in previous videos?
@@hopemeng7263it would be difficult for a non mandarin speaking Chinese (race) to travel to China alone… The local will be much more accommodating to westerners who don’t speak mandarin than to non mandarin speaking Chinese foreigners….
Yaaa boy.
I never expected Lululemon to have such success in China. Well, I suppose something you don't know would not be your opportunity cost. But, man, it went to $200 ish, and I was biting my nails for a long time..
Hey Tay Chi, do some due diligence on FNGR. I think there are huge things coming soon.
Next time try interviewing a taxi driver without CCTV in the car. He will freely express.
How monetized did you feel wechat actually is? Because i feel they dont make as much money as they should from it considering 1.4b using it daily for most purposes, I believe there is room to grow on the that front
In china, do merchants still accept cash from overseas tourist ?
I was in Xiamen for holiday during October last year. All the big outlets in the city are still accepting cash. Especially in the more local malls.
I was surprise as I was given the impression before the trip that most places no longer accept. That said, I hardly saw any local pay by cash.
@@keamiss nice , good go head that senior can still use cash in large mall. how about the small mall and shops?
I use meituan to purchase gifts that normally I will have to queue at store to buy. And they send to my hotel
for 1st time, where is the recommend place to go if visit China?
shanghai , more people able to speak english
@@Jeff-n2n thanks for the info...
welcome back..see you soon in Singapore
Good sharing 👍
Hi, I was in china too... 29dec24, yeap, chongqing too
Thank for interesting sharing
Nice meeting you at Outlook 2025 bro 🙏🏻.
How about China evs? Which are the most seen in China?
Of course byd
I WILL GIVE U LIKE FOR YOUR EFFORT
China EV manufacturer Nei Zha EV has gone bankrupt.
only the top 3-5 will survive... it is the norm... do you know how many manufacturers there were back in the heydays ... in fact a few are living a 2nd/3rd life under a Chinese company today.
I spent 2 weeks in a city . Else you will run out of places to travel .. haha
Must go wet market more, so you know 500g is how heavy.
moi tai ice cream at RMB$66 ?
Like your sharing
Corrupted USA can print money when economy is down and doesn’t have any consequences, whilst China debt is low in comparison~ yet struggles in comparison to USA. This world is so illogical.😂
Chinese gov total debt (including the local gov) isn’t that low… Even though China is a republic just as the us, but because of the one party system, the central gov is expected to payoff local gov debt….
@@TheAlbert18361 CK, on Alipay, you may have caused anxiety to others who want to use this payment platform. If Alipay is linked to Singapore bank account, you have to input pin number so there is no reason to worry about overcharge. There is a 3% subcharge if the bill is over 200 RMB. As such it is prudent to split the bill to multiple of 200 RMB to save the 3% subcharge.
Compare the numbers, your statement ‘isn’t that low’ is redundant.
Debt: USA 32trillion vs China 14trillion.
Population: USA 300million vs China 1.4billion.
Which means debt per person 107K in USA vs 10K in China.
@@TheAlbert18361If you add in the state debt with the debt from the federal government that is even worse when you compare please compare apples with apples not apples and oranges.
@ us state finances is independent of the federal… States gov can default without affecting the federal credit rating… Chinese local provinces debt is financed by the banks which are mostly state owned
CK..deleted my prior comment.. its ok.. at least he see My msg.. anyhow, I don't care...
China so good, what are you waiting for, migrate la.
not happy do not watch his content la.
can't accept that others is better you in some ways.
Aiya... Give him another 5 years la. If he still can't see growth in his substantial China portfolio within 5 years, and he is still shouting "long-term", then I only got one word "Hopeless" for anyone left in this one-sided endeavor.