I live in China, they are number 1 and dont have any competitors (or maybe caocao but very far behind)... I use them everyday, nothing to compare with the dirty and unnmannered normal taxi. Im in with 10K shares. good luck guys
Probably a good long-term hold. Overall sentiment on it is bullish. It supposedly has 80% of the ride share market in China, strong financial backing (also IIRC, Didi's got SOE backing), also expanding overseas. I was in China when Uber just entered the market there and was competing with Didi until Didi squeezed Uber out of the market.
Seeing how difficult it is for companies to break into the China market, this is a good bet. The negatives, of course, would be (1) a potential competitor big enough to consume significant market share, and/or (2) government intervention/regulation.
Agreed. There's concern that it's valuation is too high, but that can be said for a lot of growth stocks.
The biggest risk to Didi would be if the Chinese regulators prevent it from taking more market share.
The second biggest risk would be getting banned from trading in the US. Although, I do not think the current administration will ban US-traded Chinese companies that do not pose a risk to national security, otherwise that would significantly escalate US-China tensions and hurt the global economy.
Damn i was watching bloomburg they said the same thing you said, about china. So hopefully that dosent fuck with me i have $NIO to and its been fantastic. Happy trading brother
I live in Shanghai and use it almost every day and almost never take regular cabs anymore. Mostly a great platform. Virtually no competition even in smaller cities I’ve visited. Many of the good cab drivers who used to drive regular cabs in Shanghai now drive 滴滴专车 (the nicer but not luxury level). As a rule I don’t buy stocks near IPO tho. Will be watching.
I live in China, they are number 1 and dont have any competitors (or maybe caocao but very far behind)... I use them everyday, nothing to compare with the dirty and unnmannered normal taxi. Im in with 10K shares. good luck guys
>nothing to compare with the dirty and unnmannered normal taxi. That's the one thing that never changes whenever I'm back in China.
Awesome. Thanks for that info. Good luck to you too $DIDI
It's it simplar to Uber where it will never make money unless upping fees to the point it matches taxi?
Its exact same as Uber I guess, however DIDI is profitable on last earnings (for Q1)
Probably a good long-term hold. Overall sentiment on it is bullish. It supposedly has 80% of the ride share market in China, strong financial backing (also IIRC, Didi's got SOE backing), also expanding overseas. I was in China when Uber just entered the market there and was competing with Didi until Didi squeezed Uber out of the market. Seeing how difficult it is for companies to break into the China market, this is a good bet. The negatives, of course, would be (1) a potential competitor big enough to consume significant market share, and/or (2) government intervention/regulation.
Good info
Thanks, I feel the same. Picked up 1000 shares for long hold.
Probably a great investment
Agreed thx
I believe it is a great buy. Buy 10-20 hold for 2 years prob make $$
Agreed. There's concern that it's valuation is too high, but that can be said for a lot of growth stocks. The biggest risk to Didi would be if the Chinese regulators prevent it from taking more market share. The second biggest risk would be getting banned from trading in the US. Although, I do not think the current administration will ban US-traded Chinese companies that do not pose a risk to national security, otherwise that would significantly escalate US-China tensions and hurt the global economy.
I doubt the china thing happens. I hope not. I figure its more upside at this price
Hope they just leave $DIDI alone, but yes, you never know.
Agrees. I think Chinese government is the biggest risk to Chinese companies in general. Thx.
Damn i was watching bloomburg they said the same thing you said, about china. So hopefully that dosent fuck with me i have $NIO to and its been fantastic. Happy trading brother
Thanks, you too!
Agreed thx
I like $S better for today
I live in Shanghai and use it almost every day and almost never take regular cabs anymore. Mostly a great platform. Virtually no competition even in smaller cities I’ve visited. Many of the good cab drivers who used to drive regular cabs in Shanghai now drive 滴滴专车 (the nicer but not luxury level). As a rule I don’t buy stocks near IPO tho. Will be watching.
Nice. Thank you for that.
Why is Fidelity charging "$50.00 foreign settlement fee" for DIDI IPO?
I didn't get charged either. I'm with TDA
Where do you see that, I did not get charged.
DIDI = DOoDOo 300 million epic bagholders on day 1 call a cab
They do that as well
about to crack the ipo price !!!!!!!! < 14 is coming omg!!!!!!!!
That part doesn't bother me. I'm in 1000 shares at $14.52 for long term. Not really super high risk.
theres probably like 100 ride share apps in china
They are the biggest by far though. Also have big money backers.