Optimistic about China that doesn't involve Internet stocks
I've been covering the Chinese markets for so long that when I started, $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ was just making batteries for $Panasonic Holdings Corporation(PCRFF)$ , $TECHTRONIC IND(00669)$ $Techtronic Industries Ltd.(TTNDY)$ was just making power tools for Black & Decker, and $Starbucks(SBUX)$ had just opened its first store in China.
Today, BYD is the world's largest EV manufacturer. It has almost double Panasonic's market share in EV batteries, too.
Today, Techtronic owns 13 popular brands, including Ryobi, Milwaukee, Homelite, Dirt Devil, and Hoover. It has a 16% share of the electric power tool market and nearly 1/5th of the vacuum market.
Also today, Starbucks has over 6,400 stores in China. They're planning to have 9,000 in the country by 2025.
There's still much to be optimistic about China that doesn't involve Internet stocks or state-owned enterprises.
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https://twitter.com/BrianTycangco/status/1727619794294452347
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- Brrnie·2023-11-27guess even Warren Buffett wants to get out of china. what's the reason behind big drop in byd stock?LikeReport