DiDi Global Inc
Is anyone monitoring Didi, what would a good entry point.
Thanks
Thanks
"“Your own Self-Realization is the greatest service you can render the world.”
― Ramana Maharshi.".
― Ramana Maharshi.".
DiDi Global Inc
- Last Updated:
- Mar 11th, 2022 11:23 pm
Tags:
- SCORE-3
- sadiya [OP]
- Jr. Member
- Dec 10, 2012
- 130 posts
- 14 upvotes
- Ontario
114 replies
- Alpine84
- Deal Addict
- Dec 5, 2009
- 2216 posts
- 2594 upvotes
Risky as hell given how volatile China is lately… but no risk no reward…
- TGoyel
- Sr. Member
- Sep 30, 2013
- 657 posts
- 735 upvotes
- North Vancouver
I'm thinking about it, but the fact Cathy Wood didn't even bite makes me think I should back off.
- BatmoBeal
- Member
- Jul 20, 2019
- 235 posts
- 129 upvotes
Uber is not doing well, why would you think DIDI could be any better
- sadiya [OP]
- Jr. Member
- Dec 10, 2012
- 130 posts
- 14 upvotes
- Ontario
Because they have monopoly over Chinese market with 1.5 billion people and no labor laws to follow. They are the second largest economy.
With Uber I have been buying and selling since the IPO. Last year April share was $15.
"“Your own Self-Realization is the greatest service you can render the world.”
― Ramana Maharshi.".
― Ramana Maharshi.".
- Piro21
- Deal Expert
-
- Nov 15, 2004
- 20777 posts
- 4488 upvotes
- Toronto
This was a scam to get money from American investors. They ran off with $13,000,000,000 in a day. The Chinese government won't let them list on a non-Chinese exchange, and the company is free to commit all the fraud it wants because nobody outside of China can take them to court and win.
*
*
Last edited by MrDisco on Jul 13th, 2021 9:37 am, edited 1 time in total.
Reason: unnecessary
Reason: unnecessary
- ilovetoyota
- Banned
- May 22, 2019
- 1469 posts
- 2121 upvotes
- BatmoBeal
- Member
- Jul 20, 2019
- 235 posts
- 129 upvotes
Which tells me you are a very good trader, because Uber is still below their IPO price.
China is a big market but it's slowing down significantly because of its previous one-child policy, Didi is heavily relying on how many ppl use their service.
I mean, you can trade it, but just dont invest in it.
- exusia
- Newbie
- Jul 11, 2020
- 23 posts
- 25 upvotes
I think they can end up with a de-list/privatization (voluntarily) if the political factor is out of control.
The recent evidence pointed that they failed to follow regulator's "suggestion" to delay their IPO, caused a political mess among different goverment bodies about national data security regarding to precise geo data and sensitive user image data. The end result is that they are now facing the iron fist from CCP.
Their business is not irreplaceable, there are a dozen ride sharing apps in China that are willing to subsidize users to get away from Didi. And guess what, Didi is now off all Chinese app store and paused new user registration.
The recent evidence pointed that they failed to follow regulator's "suggestion" to delay their IPO, caused a political mess among different goverment bodies about national data security regarding to precise geo data and sensitive user image data. The end result is that they are now facing the iron fist from CCP.
Their business is not irreplaceable, there are a dozen ride sharing apps in China that are willing to subsidize users to get away from Didi. And guess what, Didi is now off all Chinese app store and paused new user registration.
- ilovetoyota
- Banned
- May 22, 2019
- 1469 posts
- 2121 upvotes
*
The country that DID operates are:
Australia
Japan
Brazil
South Africa
Colombia
Hong Kong
Taiwan
Chile
Costa Rica
Panama
Russia
Peru
Dominican Republic
The country that DID operates are:
Australia
Japan
Brazil
South Africa
Colombia
Hong Kong
Taiwan
Chile
Costa Rica
Panama
Russia
Peru
Dominican Republic
BatmoBeal wrote: ↑ Which tells me you are a very good trader, because Uber is still below their IPO price.
China is a big market but it's slowing down significantly because of its previous one-child policy, Didi is heavily relying on how many ppl use their service.
I mean, you can trade it, but just dont invest in it.
Last edited by MrDisco on Jul 13th, 2021 9:36 am, edited 1 time in total.
Reason: unnecessary
Reason: unnecessary
World cup is coming
- ilovetoyota
- Banned
- May 22, 2019
- 1469 posts
- 2121 upvotes
- bk
- Deal Addict
-
- Apr 20, 2003
- 1704 posts
- 1900 upvotes
- Markham
Are you going long or just day trading it?
I wouldn't go long at this time, the geopolitical risks are just too great, not to mention that, while the company may control most of the Chinese market, they also bleed money like crazy. But ignoring that and going back to the politics, they are at risk from both the Chinese regulators AND the US regulators. The US wants to introduce laws for more transparency, and the Chinese will make laws ensuring that their companies can't comply. The chance of being delisted is not zero, there are safer ways to make money, you would have to really love DIDI to ignore all that.
Short term trading may be okay if you monitor it tightly, but there is still a big risk, as you don't know when bad news can drop, like today, China just removed another 25 of DIDI's apps from app stores. There is much less warning from Chinese regulators.
Also never forget, with these Chinese VIEs, you do not own any part of the parent company. You only have stock in holding company that is entitled to some of the profits of the parent company. There are far fewer legal protections and recourse in case something goes bad.
I wouldn't go long at this time, the geopolitical risks are just too great, not to mention that, while the company may control most of the Chinese market, they also bleed money like crazy. But ignoring that and going back to the politics, they are at risk from both the Chinese regulators AND the US regulators. The US wants to introduce laws for more transparency, and the Chinese will make laws ensuring that their companies can't comply. The chance of being delisted is not zero, there are safer ways to make money, you would have to really love DIDI to ignore all that.
Short term trading may be okay if you monitor it tightly, but there is still a big risk, as you don't know when bad news can drop, like today, China just removed another 25 of DIDI's apps from app stores. There is much less warning from Chinese regulators.
Also never forget, with these Chinese VIEs, you do not own any part of the parent company. You only have stock in holding company that is entitled to some of the profits of the parent company. There are far fewer legal protections and recourse in case something goes bad.
- ilovetoyota
- Banned
- May 22, 2019
- 1469 posts
- 2121 upvotes
DIDI is controlled by foreign companies, one of its board of directors even used to be a US army officer. This is totally unacceptable.
CIA can easily control people's data through DIDI.
I think the best China stock to buy is still BIDU.
Avoid EDU, TAL, GSX these educational stock, they are trash.
CIA can easily control people's data through DIDI.
I think the best China stock to buy is still BIDU.
Avoid EDU, TAL, GSX these educational stock, they are trash.
bk wrote: ↑ Are you going long or just day trading it?
I wouldn't go long at this time, the geopolitical risks are just too great, not to mention that, while the company may control most of the Chinese market, they also bleed money like crazy. But ignoring that and going back to the politics, they are at risk from both the Chinese regulators AND the US regulators. The US wants to introduce laws for more transparency, and the Chinese will make laws ensuring that their companies can't comply. The chance of being delisted is not zero, there are safer ways to make money, you would have to really love DIDI to ignore all that.
Short term trading may be okay if you monitor it tightly, but there is still a big risk, as you don't know when bad news can drop, like today, China just removed another 25 of DIDI's apps from app stores. There is much less warning from Chinese regulators.
Also never forget, with these Chinese VIEs, you do not own any part of the parent company. You only have stock in holding company that is entitled to some of the profits of the parent company. There are far fewer legal protections and recourse in case something goes bad.
World cup is coming
- bk
- Deal Addict
-
- Apr 20, 2003
- 1704 posts
- 1900 upvotes
- Markham
Didi Chuxing Technology Co, the company in China, is not "controlled" by foreign companies. The largest foreign ownership is Softbank, with ~20%. But over 50% of the voting power resides with two people: the CEO and the President.ilovetoyota wrote: ↑ DIDI is controlled by foreign companies, one of its board of directors even used to be a US army officer. This is totally unacceptable.
CIA can easily control people's data through DIDI.
I think the best China stock to buy is still BIDU.
Avoid EDU, TAL, GSX these educational stock, they are trash.
$DIDI the stock is Didi Global Inc., a Cayman Islands incorporated company that is entitled to profits from Didi Chuxing. It has NO voting power over Didi Chuxing, nor owns any part of it.
- ilovetoyota
- Banned
- May 22, 2019
- 1469 posts
- 2121 upvotes
- sadiya [OP]
- Jr. Member
- Dec 10, 2012
- 130 posts
- 14 upvotes
- Ontario
Yes, already 10% upside for me. If this goes down to $8 range I was planning to buy more and it may happen. On other forums people are predicting S/P could go to $20 by end of the month.ilovetoyota wrote: ↑ DIDI increased 8.5% today, and will reach $15 by the end of July!
Buy! Buy! Buy!
"“Your own Self-Realization is the greatest service you can render the world.”
― Ramana Maharshi.".
― Ramana Maharshi.".
- ilovetoyota
- Banned
- May 22, 2019
- 1469 posts
- 2121 upvotes
I have also added BIDU and SE. Two important stock that is related to China's economy.
I think most China stock have a huge upside.
I think most China stock have a huge upside.
World cup is coming
- reps001
- Deal Addict
- Jan 6, 2015
- 1503 posts
- 697 upvotes
Now Chinese government and regulators require ALL companies who plan to do IPO outside mainland China to submit files for national security check. And DOYU and HUYA merger is banned.ilovetoyota wrote: ↑ I have also added BIDU and SE. Two important stock that is related to China's economy.
I think most China stock have a huge upside.
SEA should be OK, I think its main operations are outside China. BIDU depends on situation, but BIDU cooperative with government on internet ( google is banned, the only main search engine in china)
- LonesomeDove
- Deal Guru
-
- Jun 1, 2006
- 12556 posts
- 15758 upvotes
Despite China removing more DIDI apps, the stock price rose 7%+ to end the day. Imagine if DIDI come up with a new cyber-security app approved by the Chinese government, the stock will skyrocket. The company is still the same company controlling 80% of the ride share market in China. Any price below IPO of $14.00 is a good point of entry. Note that the floor for the stock appears to be $11. Despite all the bad news and predictions that the stock price will drop to $5, it has not gone below $11.
Have a nice day!
- Janus2faced
- Deal Addict
-
- Dec 8, 2020
- 1520 posts
- 1857 upvotes
- West Rouge, Ontario
wait till wsb reddit get a hold of this one
wasting time doing unimportant things
Thread Information
There is currently 1 user viewing this thread. (0 members and 1 guest)