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DIDI - TuSimple Looks To Decouple From China. Others To Follow?
DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Autonomous truck company, TuSimple, is reportedly looking to spin off its China business, leaving its more advanced U.S. business as its main asset.
Such a spinoff could provide upside for company’s stock by significantly reducing U.S. national security concerns.
TuSimple’s shares have rallied more than 50% from an all-time low a week ago, though at their latest close of $13.54 they’re still about two-thirds below their IPO price from last April.