Gurley argues Chinese government may not prioritize market cap as a win, citing BYD's recent 30% price cut.
“the Chinese government may not consider that part of the objective function of what a win is. And in the past three weeks, we saw BYD take prices down 30%.”
Gurley argues Chinese government deprioritizes market cap, citing BYD's recent 30% price cut as evidence of different objectives.
“The the Chinese government may not consider that part of the objective function of what a win is. And in the past three weeks, we saw BYD take prices down 30%.”