In this episode, we discuss a raising Chinese online education company, GSX and why we are staying away. There are bearish reports from Citron accusing the company of frauds after the debacle in Lucking Coffee. While we won't go as far as Citron, we see plenty of reasons to stay away from GSX.

1. Elevated valuation relative to Chinese peers

2. No distinct advantage in a fiercely competitive market

3. Distrust in the management