The Mayor Economy
Nathan Sperber: China’s Mayor Economy, 7 March 2024
“... listed on the New York Stock Exchange in 2018, was among them. On the brink of bankruptcy in late 2019, with shares down to $1.4, Nio’s stock shot up in the second half of 2020, briefly surpassing $60 in January 2021. By that point, the company was worth more than $90 billion, making it the fourth most valuable car firm ... ”