$NIO Inc (NIO.US)$ Looks like Tencent is also jumping the ...
$NIO Inc(NIO.US$ Looks like Tencent is also jumping the sinking ship.
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TMW1986 : Means the potential is bigger than you think. At least got finally got 1 China company dare to stand up against Tesla. Hopefully all the Chinese support their own country product.
VIVEK SURANAOP TMW1986: standing against Tesla? What about BYD who is crushing Tesla?
TMW1986 VIVEK SURANAOP: BYD is legend. Haha. Cannot compare in EVs. But the competition is in different market. The buyer is different. So finally Nio wished to fight Tesla and regain some pride for China EVs. We should support Nio. Let’s go.
bullrider_21 : Tencent gradually reducing its stake to focus on its core competencies is a good thing.
ZnWC : I agree with your point. It doesn't make sense for Tencent to sell Nio share at a loss. In April, Baillie Gifford also sold 96 million Nio shares. In January, the firm had slashed its Nio stake from 114.9 million to 18.9 million shares - a decrease of 83.54%.
Tencent reduce stake in NIO by almost 23% sold 28.4 million shares
https://www.moomoo.com/community/feed/112456684078262?share_code=00ZC2x