UPDATE So far in 2021 biggest winners have been NIO, BILI , PDD, XPEV, GDS, NIU, HMI, 1810:HK. While my biggest losers are OCFT and 1833:HK. Hence, I'm going to do a little write up on some of the interesting Chinese stocks (Some of which, I have small positions in). My goal is trying to replicate my previous successes (hopefully not failures). In this bull market, it's kind of hard to actually lose money. Who knows till when it will last though. For the remaining of the Chinese Ox year, I'm still bullish with the Chinese market and I don't seem to be the only one. Niu Technologies (NASDAQ:NIU) They have recently announced that they are in a negotiation with Gojek (The biggest ride hailing service in Indonesia). Source : Chinese electric scooter maker Niu to supply Gojek: Reports Indonesia is also a big motorcycle market (I should know, I'm from Indonesia). It seems to be a backdoor in trying to grab market share. Indonesia has its own brand of e-bike (Gesit) which
So, this is the second post in the series of my attempt to construct my own ARK Innovation ETF. I actually have other counters in mind, but I can't reveal my cards before I am in my positions yet. I promise you it's not all Chinese companies, but these are the ones I have decided to invest on as usually Chinese companies are relatively undervalued compared to their American counterparts. That doesn't mean that As China and the United States are the two biggest economy and the most innovative countries in the world, the counters will skew heavily towards them. What is GDS? GDS is a data centre operator from China. Note that unlike other competitors, it's not a REIT. Hence, unlike Digital Realty (DLR) and Equinix (EQIX), GDS does not have the obligation to pay 90% of their taxable income as distributions (dividends) Disclaimer : My cost price on this counter is 63.58 having average up once at $80. Who are the shareholders? As you can see, STT has 34% shares. STT is ST