Tech War Crossfire: Middle Eastern Companies May Be Forced To Choose Between China And The U.S. [Forbes]
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO)
Last nio inc. american depositary shares, each representing one class a ordinary share earnings: 3/18 07:30 am
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Source: Forbes
As the Sino-U.S. tech war deepens, more tech firms may have to follow suit and choose a side. A major Middle Eastern technology group was recently forced by U.S. officials to offload its investments in Chinese companies, sending a strong signal that other firms may soon find themselves dragged into the geopolitical rivalry between the U.S. and China. Abu Dhabi's G42 , chaired by Sheikh Tahnoon bin Zayed al-Nahyan, the UAE's national security adviser and brother to the country's president, had disclosed last month that it had opted to turn away from China and align itself with the U.S., owing to fears of an impending regulatory clampdown by Washington. U.S. officials had expressed concerns that G42 was in a position to acquire advanced American technology that could be transferred to Chinese companies or the government. Afterward, Congressman Mike Gallagher indicated that G42's divestments had not resolved the matter. “This announcement is a welcome first step to reduce exposure
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- Nio Inc - (NYSE: NIO) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $5.00 price target on the stock.MarketBeat
NIO
Earnings
- 3/5/24 - Beat
NIO
Sec Filings
- 4/9/24 - Form 6-K
- 4/9/24 - Form 20-F
- 4/4/24 - Form SC
- NIO's page on the SEC website