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Buy DiDi Global As Turnaround Has Not Been Recognized By Investors
DIDIYDiDi(DIDIY) Seeking Alpha·2024-03-08 08:25
Sanya Kushak/iStock via Getty Images Investment Thesis DiDi Global (OTCPK:DIDIY) is China’s largest ride-hailing company. After experiencing the perfect-storm of regulatory crackdown in 2021 and a delisting in 2022, DiDi has started to regain momentum since 2023 as both regulatory environment and competitive environment have improved dramatically. Yet Didi’s stock has not reflected the positive changes in business fundamentals. I believe DiDi is significantly undervalued with an upside potential of more ...