I agree with Jason that this is really a great thing.
I've been a long term holder, and also doubted sometime whether NNW is eventually going to take off or completed trashed.
The business model is still very sound, the Chinese market is a completely different market for most non-Chinese to understand. However, as the Chinese cheap labor is no longer cheaper, the Made in China cheap brand have to turn around to be more competitive in quality and innovation. Look at Huawei, XiaoMi and other Tech companies. While this is happening, companies have to improve their employee benefits and retention to build better quality product and services.
While Insurance sector is another boom sector in China, NNW is in a very strong position to be the market monopoly. As with FB, Uber, and any other Tech domain, the first company that has the most market share wins. Uber is still making a loss of US$100m last year while its still value over $70B.
Anyway, all the best to all holders, I hope our patience get rewarded eventually!
NNW Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
