---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42200977.md"
description: "This is an eye-opener, the first internet company in history with a PE of around 5 + cash covering its market cap + business still growing; Chinese concept stocks creating miracles🐂🍺$Trip.com(TCOM.US)"
datetime: "2026-06-25T14:13:56.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42200977.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42200977.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42200977.md)
author: "[奇迹的交易员cola](https://longbridge.com/en/profiles/10743314.md)"
---

# This is an eye-opener, the first internet company …


### Related Stocks

- [09961.HK](https://longbridge.com/en/quote/09961.HK.md)
- [TCOM.US](https://longbridge.com/en/quote/TCOM.US.md)
- [HTGD.SG](https://longbridge.com/en/quote/HTGD.SG.md)

## Comments (65)

- **卢氏一族 · 2026-06-25T14:16:00.000Z · 👍 18**: Bro Cola, value investing doesn't seem to apply to Chinese concept stocks in the US market!
  - **布尔和比利** (2026-06-25T14:48:48.000Z): Can't do the math. Doing the math means looking for logic, and Chinese concept stocks have no logic.
- **realmiaodrid · 2026-06-28T09:14:36.000Z · 👍 1**: Never evaluate Chinese concept stocks just because they're cheap.
- **realmiaodrid · 2026-06-28T09:14:17.000Z · 👍 1**: Still the same old saying, even Alibaba can be driven down to the 50s, let alone this one.
- **阿道夫的交易员 · 2026-06-26T10:45:37.000Z · 👍 1**: The reason why Chinese concept stocks are affected in this way seems to be the lack of a reasonable short-selling mechanism. Since ordinary people cannot make money by shorting, institutions can harvest them by drastically lowering prices.
- **阿道夫的交易员 · 2026-06-26T10:43:15.000Z · 👍 1**: Trip.com is at a monopoly level, let's look at it from a 10-year perspective.
- **用戶_EtjDls · 2026-06-26T10:00:08.000Z · 👍 1**: Don't buy China concept stocks, avoid unnecessary policy risks.
- **闽南地区网友啊菜 · 2026-06-25T20:30:04.000Z · 👍 1**: God is almost at his limit, you can slowly buy in, forget the cost
- **Lemon路 · 2026-06-25T19:04:22.000Z · 👍 1**: Tuya is the same, but Trip.com is even more extreme. It's at least a mid-to-large-cap stock. Could it really be that we have to wait for the US to cut interest rates before a right-side trend appears?
- **齊天弼馬溫 · 2026-06-25T18:08:00.000Z · 👍 1**: I guess the main players have all run away. The Stock Connect for Hong Kong has a 500,000 yuan threshold, so there are too few retail investors going south. Other brokers are being suppressed and can only sell, not buy. Foreign capital won't come back to the Hong Kong market unless there's a US stoc
  - **恭喜发财恭喜发财** (2026-06-25T18:47:05.000Z): And it seems Trip.com hasn't been included in the Stock Connect yet?
- **罗莱夏朵 · 2026-06-25T16:35:03.000Z · 👍 1**: In fact, companies with a 5X P/E ratio are everywhere, and their existence is justified, just like companies with a 300X P/E ratio.
- **纳斯达克的镰刀 · 2026-06-25T16:25:50.000Z · 👍 1**: $PDD(PDD.US)seems to have been Q'ed
- **炒股兴国 · 2026-06-25T15:13:25.000Z · 👍 1**: Chinese concept stocks are bombs that could explode at any moment.
- **goshawk99 · 2026-06-25T15:09:18.000Z**: There is a one-time income from selling equity.
- **xx是为了回本 · 2026-06-25T14:53:51.000Z · 👍 1**: How does it compare to PDD?
  - **一意g行** (2026-06-25T16:36:37.000Z): This wave has really hammered Chinese concept stocks and the Hang Seng Tech Index. After this round of selling is over, they'll probably bounce back.
- **快乐的李大师 · 2026-06-25T14:53:12.000Z · 👍 3**: This can't be Pinduoduo's future, can it?
  - **奇迹的交易员cola** (2026-06-25T14:53:43.000Z): 🥲
  - **快乐的李大师** (2026-06-25T14:54:59.000Z): I also don't understand at all. Ctrip's overseas business expansion is going quite well at the moment. There's almost no competition domestically either, so why is that?
  - **韭菜领域大神** (2026-06-25T19:56:54.000Z): Poor background
- **new money  · 2026-06-25T14:50:03.000Z · 👍 4**: Both goodwill and intangible assets have exceeded tens of billions, plus unknown investments. Trip.com is not worth owning. Pinduoduo's management is more solid, with zero goodwill and nothing but cash. If you must buy China concept stocks, Pinduoduo is the reassuring choice.
  - **奇迹的交易员cola** (2026-06-25T14:51:02.000Z): @Naganohara Fireworks Shop Trader
- **akski · 2026-06-25T14:47:31.000Z · 👍 1**: 🌚🌚For China concept stocks, it's right to short sell when they rally.
- **jessie_liu2016 · 2026-06-25T14:38:29.000Z · 👍 1**: Really terrifying
- **nnnnhai · 2026-06-25T14:38:10.000Z · 👍 1**: What's going on?
- **最擅长T飞 · 2026-06-25T14:36:23.000Z · 👍 1**: Back then, when Mr. Duan bought NetEase, it seemed to be at a 1:1 ratio.
- *... 1 more comments*