Didi announced delisting from NYSE today and plans to list on HKSE due to Chinese regulators concern over its huge possession of user data. Alibaba and other Chinese companies also have subdued price movement in the past 1 year or so. In fact , Ali hits recent lows. Personal views 1. Chinese companies clamoured for glory to list in US and, in the process, raised billions of dollars from investors worldwide. They brought the money back to China. 2. However, the Chinese government is not too happy citing different reasons over security, data issue and lack of loyalty to country. 3. It also wanted these mega companies to distribute some of their wealthy to social causes. 4. When astute investors and institutions see such a move by the govern
We are into the 2nd years of Covid. Countries around the world imposed varying measures to limit its spread. Stock markets reacte to it. Some companies are badly hammered while some becoming darlings (with some becoming MEME stocks). However, in general, you would have made some money if you bought any stocks in 2019 plummet. Everytime when news of a new variant is discovered, the market plummeted and then the market recovered, making new record highs. It is unfathomable. Some reasons for the rise especially the US markets is because the world are flocking to it and making it the hottest place to seek a fortune. And not forgetting FED's purchases to support the markets. One has to understand what constitutes in an index and which sector can sway the index movement (clearly the te
Yea, for a punt. Models not proved yet.While US is starting EV trucks and buses. China BYD are already producing them.Soon the EV arena will be very crowded and exciting to watch. Who will be the ultimate winner?These billion dollars start up ... I wonder if thier valuation is justified.How will Japanese car markers response to this wave of competition? Or will they fade out of the industry.
Rivian IPO Puts Slow Race to Commercial EV to Public Market Test
Don't get draw in too easily. do your research. I was burnt by 2 of the listed counters when they consolidated. Mining, oil and gas can be risky bet unless u understand how that industry work .