Tag: didi
-
Retail investors are snapping up tumbling Chinese stocks like Didi – even as institutions balk at the government crackdown
Didi was an unlikely favorite among TD Ameritrade users in July. VCG/Getty Images China's regulatory crackdown has unnerved institutional investors, but retail traders don't appear scared. Data shows they've been snapping up tumbling stocks like Alibaba and Didi despite big risks. Retail investors have changed into dip-buyers that are looking for bargains, analysts say. Sign…
-
China’s Tesla wannabe Xpeng starts ride-hailing service
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers have the ability to save more steering an EV compared to a gas vehicle. Conscious consumers will opt to hire an electric car. And EVs are designed with compatibility with driving, which is expected to hit on the road in the coming decades. Really,…