CG: The Future of Cars and the Mercadolibre of Africa
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 30 April 2019
⏱️ 23 minutes
🧾️ Download transcript
Summary
Uxin battles a recent short report and Jumia is investing big in Africa. On this week’s episode of Industry Focus: Consumer Goods host Jason Moser and Fool analysts Emily Flippen and Joey Solitro discuss the state of affairs with the leading used car platform China used car company and take a closer look at how Jumia is capitalizing on Africa’s developing middle class. Plus the team takes a listener question on how investors should be viewing Chinese electric car company NIO
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| 0:00.0 | Welcome Industry Focus, the podcast that dives into a different sector of the stock market each day. |
| 0:06.3 | It's Tuesday, April 30th. I'm your host, Jason Moser and joining me in the studio today from |
| 0:10.0 | Stock Advisor in Rule Breakers, Emily Flippin. |
| 0:13.0 | And for Motley Full Canada, Joey Sowitro. |
| 0:15.0 | Guys, how's it going? |
| 0:16.0 | Doing well. |
| 0:17.0 | Thanks for being here. |
| 0:18.0 | On today's Consumer Good Show, we're going to take a look at what just could be the Mercado Libre of Africa. |
| 0:24.0 | We'll take a listener question about a Chinese electric car company, Neo, |
| 0:27.8 | but first we're going to take a look at the current state of affairs |
| 0:30.4 | for Yushin, the popular used car e-commerce platform in China. |
| 0:35.0 | Emily, I'm going to start with you here because you're really the resident expert when it comes to |
| 0:38.5 | Yushin. |
| 0:39.5 | And we had demand on Twitter for your take on the company here recently. |
| 0:44.1 | We wanted to get an update on the company and knowing that you follow it. |
| 0:48.6 | There was a recent short report that came out that played out a little bit on the stock but knowing that we're business |
| 0:53.8 | focused investors we look past those types of things into the longer the longer |
| 0:58.7 | term there what is the state of affairs with Ushin and how do you feel about the company today? |
| 1:04.7 | It's really quite the interesting story for Yushin. |
| 1:07.0 | We had the short report come out, sent the stock down, I think at its bottom was down 50% |
| 1:11.8 | in a matter of hours after this report came out essentially claiming |
| 1:15.4 | that the majority of Yushin's business which is to sell used cars they |
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