SummaryNIO's stock has been going in reverse lately, and shares are down by approximately 70% from their all-time high last year.However, NIO's primary problem may be that it is a Chinese company with
Companies that care about their carbon footprint have a place in my heart...and on my portfolio ;)
Alibaba Releases 2022 ESG Report, Cutting Carbon Emission by 620,000t Last Year
Alibaba has cut a total of 619,944 tons of carbon emissions by changing its energy mix to include more clean sources in FY2022 (ended March 2022), according to the company's ESG report published on August 29.
On the bigger picture, it certainly adds someinvestors back into the frame. Those with riskier appetite will jump into the train first. Some are still waiting for the actual meeting up and observe if china side will fully give what the PCAOB wants to audit. Upward momentum till September baring any drastic drop from the US market index. Slowly adding positions might be a good bet on stocks that are surpresssed $Alibaba(BABA)$ at US$92 $Meituan(03690)$$MEITUAN(MPNGY)$$Bilibili Inc.(BILI)$$Tencent Holding Ltd.(TCEHY)$