Hi, disclaimer, I am a shit investor.
I've been watching the implosion of DIDI recently. I understand there might be an issue with them and other Chinese stocks not complying with GAAP. I understand they are getting some heat from the CCP for not sharing customer data, or something like that.
Thing is, I have been working in China for ages, and Didi provides a really good service with no real competition. Everyone has the didi app on their phone. Almost everyone I know uses it. I use it every time I need to go somewhere. It's a “good” company in the way that it provides valuable service, free to customers. The tech is easy to use and dependable, which is rare in China.
There has to be some value to this company. If it gets down to some price point, I'm going to have to dump some of my not so hard earned RMB into this. I'm wondering worst case scenario. If it gets delisted, I lose everything I guess. But I've heard rumors it's trying to list in Hong Kong.
Any thoughts on Didi?
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