Big Tech in China will not be allowed to use algorithms to sway customer behavior and must end practices that stop traffic heading to competitor sites and apps..PDD
By Craig Mellow Order Reprints
NIO EP9 Courtesy of NIO
You think Tesla (ticker: TSLA) stock had a good year? Shares in Elon Musk’s electric-car dynamo jumped a mere 670% during 2020. Chinese competitor Nio (NIO) posted an 11-fold increase.
EVs aren’t the only sector where emerging market stars left U.S. names in the dust. Amazon.com’s (AMZN) 75% advance lagged Latin American e-commerce sensation MercadoLibre’s (MELI) 200%. Southeast Asian online marketplace Sea (SE) climbed fourfold. Chinese social-media power Tencent (700: Hong Kong) outperformed Facebook (FB) 50% to 30%. .
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Emerging Markets Have Plenty of Hot Stocks. They Don’t Come Cheap.