Hesai is a sell because Chinese companies do not follow US accounting standards or enforcement, leaving financials less transparent and harder to verify, a risk most investors underappreciate. x.com 

RS Technologies' asset discount persists amid high management ownership, no activist and no real investor interest. Those are the reasons given for why it trades so cheaply despite its Chinese holding. x.com 

Hesai is a wonderful company at a great price and is now the top company in lidar. The position is meant to be held for as long as that thesis stays intact. x.com 

Chinese stocks are uninvestable for long-term investors because the value created goes to the Communist Party, not shareholders. The Chinese index is down 16% since 1991 while the S&P 500 rose 1,570% and the Nasdaq 3,440%, and Alibaba has gained just 27.8% in 12 years since its IPO. When companies grow too strong, the party hits them with megafines, sidelines founders like Jack Ma or blocks game releases as at Tencent, and foreign investors own only VIE contracts, not shares. x.com  x.com  x.com  … Show more

Hesai is a supplier to Nvidia's humanoid robot reference platform. It provides LiDAR and actuators to Unitree and Sharpa, the two companies Nvidia chose for Isaac GR00T, including actuators for Sharpa's reference dexterous hand under a cost-plus contract through its new SGI division. The China discount on the stock is getting ridiculous. The proposed SAFE LiDAR Act, which would phase out Chinese LiDAR across the US economy, is a risk, though unlikely to pass. x.com  x.com  x.com