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Decoupling move streamlines start of new firms' operations
Dada Group, China's leading local on-demand delivery and retail platform, began trading at the Nasdaq Stock Market on Friday under the ticker symbol "DADA" following its initial public offering.
Deborah Michel
Dan Ives, managing director of equity research firm Wedbush Securities, agreed that the conversation was “grandstanding and more noise, at least in the near-term,” in an interview with CNBC. But he added, “most at risk would be Amazon.”
Data released by the China Passenger Car Association shows that Xpeng Motors, WM Motor and Nio - the leading new energy carmakers in the country - have not seen their sales volume exceed 10,000 in the first six months this year.
