$Phoenix Motor (PEV.US)$This stock is a standard scam of Chinese concept stocks. They borrowed money market accounts to boost the stock price (not cash, no one is willing to lend cash to junk stocks). He thought he could cash out and attract retail investors to cut losses and repay the loan. However, his plan failed, and now the stocks have been sold, but he still owes money market debt. He must pledge more assets to get out of the situation, and time is running out.

$XIAOMI-W (01810.HK)$
1. Xiaomi stocks never pay dividends. The amount of money Xiaomi company earns has nothing to do with your stocks, so there will be no investment return.
2. Xiaomi's stock price is in a long-term downward channel trend, there is absolutely no possibility of an increase. No matter what price you buy in at now, Xiaomi's stock price will definitely be below 10 yuan starting this year.
3. Xiaomi may announce additional offerings at any time. The stocks you bought with your hard-earned money are like continuously printable waste paper for Xiaomi. Do not expect the paper to appreciate, no matter how much you hoard.