Chinese internet company, Alibaba, removed its crown jewel, Alipay, and transferred it to a company owned by its founder. Western investors in Alibaba are now at the mercy of the whims of the Chinese. Many Chinese companies listed in the US have recently turned out to be complete frauds. Chinese banks lend money for projects that end up looking like ghost towns, yet the same Chinese banks have some of the highest market caps in the World.
I would not put a penny into a Chinese company. I do not trust the accounting and politicians can make up the laws as they go along. It is culturally acceptable to rip off foreigners. Invest in China at your own risk.