Last night, the China concept stock AMTD Digital Inc $AMTD Digital (HKD.US)$ soared by nearly 130% again, closing at $1679, with a market value of $310.7 billion, 1.3 times the market value of US stock Alibaba $Alibaba (BABA.US)$ of $245.2 billion, while far exceeding the market value of NetEase $NetEase (NTES.US)$ , Baidu $Baidu (BIDU.US)$ , Pinduoduo $PDD Holdings (PDD.US)$ and JD.com $JD.com (JD.US)$ .
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$Grab Holdings (GRAB.US)$ $Uber Technologies (UBER.US)$
- Grab is leading the mobility, delivery, and e-wallet segments by its willingness to spend on consumer and partner incentives.
- Profitability will be in sight should incentive expenditure normalize amid recovering mobility segment.
- Shortage of drivers/riders is expected to keep Grab's partner incentive expenditure high as overall supply declines, especially during peak hours.
- Consum...