Didi Global 4 ADR representing Class A

New video from Kolja on the risks and structures of ADR/VIE constructs.

https://youtu.be/wCACyoMUr3U

$BABA (-2,45%)
$700 (-1,11%)
$DIDI (-2,21%)

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗗𝗮𝗶𝗺𝗹𝗲𝗿 𝗲𝗹𝗲𝗸𝘁𝗿𝗶𝘀𝗶𝗲𝗿𝘁 / 𝗗𝗶𝗗𝗶'𝘀 𝗔𝗯𝘀𝗰𝗵𝗶𝗲𝗱 / 𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗲𝗿 𝗨𝗦-𝗗𝗼𝗹𝗹𝗮𝗿

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, among others, D. R. Horton ($DHI (+1,94%)), Nike ($NKE (+3,08%)) and UnitedHealth ($UNH (-0,53%)) are trading ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Bank of Montreal ($BMO (+0,51%)) presents its figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Daimler ($DAII (+0,77%)) - Daimler's Supervisory Board has signed off on the new investment plan for Mercedes-Benz. In the Mercedes-Benz business plan for the years 2022 to 2026, the €60 billion investment plan for passenger cars and vans was approved. It said it will focus on an all-electric future for the passenger car and van business.

Ola Källenius, the Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG said that they will remain true to the goal of technology leadership in the automotive luxury segment as well as premium vans.

DiDi ($DIDI (-2,21%)) - Chinese Uber($UBER (+2,49%)) rival DiDi Chuxing has announced steps to delist from the New York Stock Exchange. At the same time, it would seek a listing on the Hong Kong Stock Exchange. Beijing's cyberspace regulator ordered the deletion of DiDi's app from Chinese app stores just days after the listing in New York. The fact that many Chinese companies are raising money on the New York Stock Exchange is coming under increasing criticism from both the Chinese and the us side.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

U.S. Treasury Secretary Janet Yellen has commented on the potential of a digital dollar, but is hesitant to come to any conclusions at this stage of the process. Whether the Federal Reserve should create a digital version of the dollar would require consensus among Congress, the Fed and the White House. Yellen currently sees advantages as well as disadvantages to a digital dollar and says more research needs to be done before definitive answers can be found.

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I think it's a good opportunity to pick up a few small positions of Chinese stocks. What do you think?

𝐂𝐡𝐚𝐧𝐜𝐞 𝐯𝐬. 𝐑𝐢𝐬𝐢𝐤𝐨? Trade-off between ambitious tech companies and a strong-regulatory government? The Chinese government is banning an entire industry from making money, and for investors, the question is what next? China is known for its tough education system and sense of duty, which makes education and thus e-learning a high priority in the Chinese market. According to iiMediaResearch and iResearch, e-learning revenue exceeded $60 billion in 2020, and the Corona crisis has pushed the e-learning market up to a 100 billion valuation. 𝐃𝐨𝐜𝐡 𝐆𝐞𝐥𝐝 𝐥ä𝐬𝐬𝐭 𝐬𝐢𝐜𝐡 𝐣𝐞𝐭𝐳𝐭 𝐝𝐨𝐫𝐭 𝐤𝐚𝐮𝐦 𝐯𝐞𝐫𝐝𝐢𝐞𝐧𝐞𝐧, as over the weekend the Chinese government reformed or away-regulated and announced to take away the business basis of e-learning platforms. According to this, companies that teach school curriculum programs are no longer allowed to make profits or go public. Furthermore, children under the age of 6 may no longer be taught at all and the programs must be discontinued.

News regarding economic intervention must always lead to a re-evaluation of one's portfolio. In the short term, many investors remain in the dark and the confidence to make money with China stocks, especially in the tech sector, has definitely disappeared. We do not like the interventions at all, of course, nevertheless, the strong correction can be used at the moment for optimistic investors and enter the Chinese market countercyclically. 𝐖𝐢𝐞 𝐛𝐞𝐰𝐞𝐫𝐭𝐞𝐭 𝐢𝐡𝐫 𝐝𝐞𝐧 𝐜𝐡𝐢𝐧𝐞𝐬𝐢𝐬𝐜𝐡𝐞𝐧 𝐌𝐚𝐫𝐤𝐭? 𝐒𝐞𝐢𝐝 𝐢𝐡𝐫 𝐢𝐧 𝐜𝐡𝐢𝐧𝐞𝐬𝐢𝐬𝐜𝐡𝐞 𝐓𝐢𝐭𝐞𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐞𝐫𝐭 𝐮𝐧𝐝 𝐰𝐞𝐧𝐧 𝐣𝐚 𝐰𝐢𝐞 𝐛𝐞𝐰𝐞𝐫𝐭𝐞𝐭 𝐢𝐡𝐫 𝐝𝐢𝐞 𝐚𝐤𝐭𝐮𝐞𝐥𝐥𝐞𝐧 𝐌𝐚ß𝐧𝐚𝐡𝐦𝐞𝐧?

A small video recommendation can be found here from CNBC, who conducted an interview with John Rutledge (Safanad Chief Investment Strategist):

https://www.youtube.com/watch?v=vsJnITbNpFU

The price level is slowly becoming interesting, let's see what else the Chinese government comes up with. Interesting for me in the long term!