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Investing in a Company in China: A Risky Move
We bought in at a 40 million valuation and ultimately IPOed and has set pretty comfortably around the $16 billion valuation. It's come down a little bit with the overall Chinese stock market, but we expect it will rebound nicely in the coming quarters. So this was a risky move. Why were you so sure as somebody who sort of, it sounds like you kind of immerse yourself in the culture there? It sounds like a real contrarian move.