Welcome to the community, brother.
Yes, I've seen this on AliExpress quite a few times. You know that this is an S&M tool, right? Of course, the design was based on the old Alpha Blade project, but funny enough, it got transformed into an S&M fun toy. There are a slightly larger version in the past for scrotal attachment. We joked about this quite a bit in the past.
As for the function, the issue is the mounting point. The opening is too large. The groove is too rectangular, not in a grooved to conform to the penile body under compression. Brothers have used this version with a very large bulk wrapping, but the mounting point twisted and slid like a propeller. Brothers with massive girth beyond 5.75in had some successes. Others simply tossed it in the trash.