Didi future plans showed a pipeline of exciting projects such as robotaxi and autonomous vehicles. They also rival Baidu in their push for intelligent vehicles. Time to put on your buying hat.
Tiger, Didi and China stocks heading up after Chinese regulators met with banks that they are not out to mess up their own Chinese companies. I think the Chinese govt is trying to clarify and re-assure the market that they have no intention of doing harm or being anti-business. Meaning no delisting of stocks. But the stronger regulation will come and the penalty will be meted out. As such, similar to what happened to Alibaba, the regulators will still have their way and send the right message to all future Chinese companies.
While they are profitable, they are constantlyaffected by regulatory risk. One of the highest category of risk. However, these 2 company are beginning their road to overcoming these risk by spending a lot more resources on legal and compliance with the Chinese govt and US govt. I believe they will continue to expand the legal and compliance dept to fix this. Give a year or 2 and they will overcomethis.
All traditional car makers will catch up with Tesla. Tesla needs to keep its focus. Elon Musk needs to put his energy to good use. Don’t mess with Bitcoin and try to move markets with his tweet and words.
It is good that the Chinese govt has began doing all the investigation to reveal an outcome. The faster they conclude the investigation, the faster the market and its investors will have clarity and restore their trust in DiDi. Please like and comment. Thanks!
What goes up must come down. The stock will take a breather because they will be stock punters taking profit from time to time. They will always be big whales trying to pumpand dump. Use your technical analysis to help. Please like and comment.