😭 Leave Didi alone

Didi's American vacation might end early | Morrisons is very popular | [TOGETHER WITH]( Hi {NAME}, here's what you need to know for July 6th in 3:10 minutes. 🙌 A company that invests in people is a company worth investing in: join University of California Irvine’s Dr. Ming D. Leung for [How To Profit From Inclusion and Diversity]( on July 7th, and find out how to double down on companies that care. [Get your ticket here]( Today's big stories - The Chinese government is cracking down on Didi, just days after the Chinese ride hailing giant made its stock market debut - This obscure indicator has the best track record of predicting stock market returns, and it’s urgently trying to tell you something – [Read Now]( - Even more companies have been expressing an interest in buying UK supermarket chain Morrisons Public Enemy #1 [Public Enemy #1] What’s Going On Here? Didi is back in the Chinese government’s crosshairs, just [days]( after the ride-hailing app pulled off one of the biggest US [initial public offerings]( (IPOs) of the past decade. What Does This Mean? The Chinese government – which has had [run-ins]( with Didi before – ordered the country’s app stores to [remove]( the ride-hailing giant over the weekend ([tweet this](). It says it’s a matter of national security: Didi has access to hundreds of millions of Chinese customers’ personal information, while counting major international companies (like Uber) among its shareholders. It’s not the only one: other US-listed Chinese companies – including online recruitment company Kanzhun and truck-hailing firm Full Truck Alliance – were caught up in the crackdown too. And the message to everyone else was loud, if not necessarily clear: any company needs to make sure customer data is “secure” – every bit as vague as it sounds – before looking to raise money or find investors abroad. Why Should I Care? For markets: Cue the ripple effects. This was the next episode in a long-running series of [crackdowns]( on Chinese tech firms, so the news sent all their stocks tumbling on Monday – even leading to an almost 4% drop for Tencent. And since Didi is one of the biggest investments in SoftBank’s portfolio, the Japanese conglomerate saw its shares fall more than 5% too. The bigger picture: So much for easy money. Chinese firms that trade on US exchanges also [now]( have to let American authorities audit their accounts, or else risk being delisted. But with China having banned them from doing just that, it might only be a matter of time before the US makes good on its threats. That’s probably worrying the 30-plus Chinese firms that [raised]( a record $12.4 billion on the New York Stock Exchange in the first half of this year alone – not to mention all the other would-be stock market debutants that want their own stateside cash injection. You might also like: [How to pick winning tech stocks.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?noapp=true&subject=Public Enemy&utm_campaign=daily-global-06-07-2021&utm_source=email#1&body=Ask us a question:%0D%0AWhere are you writing from? Let us know and we'll mention it when we reply.) 2. Analyst Take This Predictor Of Stock Returns Is Trying To Tell You Something What’s Going On Here? When it comes to forecasting stock returns, there are more than a dozen models competing for the title of [“world’s best predictor”](. But [one obscure choice]( is head and shoulders above the rest. In fact, it historically predicted the S&P 500’s future 10-year returns better than any other valuation metric – think price-to-earnings ratio, CAPE, and the Fed model, to name a few. And… well, it’s flashing [a serious warning sign](. So that’s today’s Insight: what [the single-best predictor of future stock market returns]( is trying to tell you. [Read or listen to the Insight here]( SPONSORED BY LEDGER Every crypto service, all in one app There are endless possibilities when it comes to crypto: [buying, exchanging, growing]( – you name it. But things can get complicated when all of those features are spread out across the internet. That’s why [Ledger]( has turned itself into a [gateway for all things crypto](. Yep: you can buy, sell, secure, exchange, and grow your crypto all in one place. Use the [Ledger Live app](to do… well, almost anything you could want to do with your crypto. And use Ledger Nano – the [world’s most popular hardware wallet]( – to keep your assets safe. Crypto might be complicated, but investing in it doesn’t have to be: [head over to Ledge]([r]( to find out more. [Find Out More]( Charm Offensive [Charm Offensive] What’s Going On Here? The bidding war over Morrisons intensified on Monday, as company after company vies for the eligible British grocery chain’s affections. What Does This Mean? This all kicked off late last month, when Morrisons – which is in a flourishing ecommerce [partnership]( with Amazon – rejected a $7.6 billion takeover bid from a US [private equity]( firm, saying it “significantly undervalued” the business. Then, over the weekend, it agreed in principle to an $8.7 billion offer from a rival group led by SoftBank-owned Fortress Investment. But on Monday, another private equity firm – Apollo Global Management – mentioned it was [thinking about]( making Morrisons an offer of its own. Clearly it sees a lot of potential in UK grocery store chains: the US-based investment giant was [beaten]( in its bid to buy rival grocery chain Asda last year. And investors must do too: the announcement sent Morrisons’ stock surging 5% beyond Fortress’s offer price on Monday. Why Should I Care? For markets: Morrisons might be a bargain. The one-two punch of Brexit and the pandemic has had a serious impact on certain British companies’ valuations, which might be why the total value of deals struck by UK private equity firms is at its highest since 2007. Those firms are particularly keen on grocery chains, which have been benefiting from a pandemic-driven surge of in-store and online shopping. In fact, Fortress’s proposed takeover of Morrisons would be the biggest buyout of a British public company in over a decade – and it could get bigger still if other companies push the bidding up even higher. The bigger picture: Private equity thinks bigger. Private equity firms don’t just aim to extract value from companies’ operations. In Fortress’s case, it’ll be eyeing up Morrisons’ property portfolio: the retailer owns 85% of its 500-odd stores and fulfillment sites, and that real estate alone is worth around $8 billion – more than the company’s total market value when news of the initial takeover attempt broke. You might also like: [How private equity firms make money.]( Copy to share story: [( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Charm Offensive&utm_campaign=daily-global-06-07-2021&utm_source=email) 💬 Quote of the day “Before you marry a person, you should first make them use a computer with slow Internet to see who they really are.” – Will Ferrell (an American actor, comedian, producer, and writer) [Tweet this]( SPONSORED BY LEDGER Keep your crypto safe and sound Crypto is mainstream now. You’ve probably dipped your toe in its waters. So when you’re ready to dive in headfirst, [Ledger]( has everything you need to get started. First: [keep your crypto secure]( at all times. You can do that with Ledger’s super secure [Nano S hardware wallet](. It’s the most popular in the world, so you’re probably in good hands. Once you’ve got that sorted, you can use the [Ledger Live app]( to do most anything crypto: [buy, sell, swap, and grow – all in one place.]( You’ll even [get 20% off]( to get started: just use the code FINIMIZE20L. [Visit Ledger today]( and kick your crypto journey off right. [Get Started]( When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar - Because sometimes stocks aren’t enough. Retail investors are flocking to this [emerging alternative investing platform.](* - Cash savings are dead. Try ChipX instead: award-winning automatic saving and seamless [access to multi-asset BlackRock funds.]( Capital at risk.* - Who runs the world? [Not teenage girls](. - The Earth has a pulse too. It’s just every [27 million years](. - Got a case of the “shoulds”? No sweat: here’s the [cure](. When you support our sponsors, you support us. Thanks for that. 🌏 Finimize Live 💪 Why invest in diversity and inclusion? A more equal world is a more profitable world for all of us. Dr Ming D. Leung knows that only too well: he’s spent his career looking at how diversity in the workforce lends the labor market even more weight, and he’ll tell you all about it at [How To Profit From Diversity And Inclusion](. 🤑 [How To Bet On Bitcoin’s Next Run](: 2pm UK time, July 6th 🌎 [How To Profit From Diversity And Inclusion](: 5pm UK time, July 7th 💉 [Global Trends That Matter For Your Portfolio](: 2pm UK time, July 8th\ 😎 [How To Craft Your Own Trading Strategy](: 6pm UK time, July 8th 💰 [How To Make Crypto Work For You](: 6pm UK time, July 14th 🤔 [What Does Inflation Mean For Your Portfolio](: 2pm UK time, July 15th 🍷 [How To Invest In Wine](: 6pm UK time, July 19th 👟 [How To Invest In Sneakers And Streetwear](: 1pm UK time, July 22nd 🦄 [How To Catch Your Own Unicorn](: 5pm UK time, July 22nd 🌿 [How To Invest In The Future Of Cannabis](: 6pm UK time, July 23rd 📈 [How To Protect Yourself From Rising Prices](: 6pm UK time, July 26th 💰 [How To Make Money From Money](: 3pm UK time, August 4th 🤔 [Are You An Investor Or A Trader?](: 12pm UK time, August 25th ❤️ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. If they sign up on your unique link, you’ll earn some sweet swag. Share your unique link: [ You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: | BonNontawat - Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails 😴 Crafted by Finimize Ltd. | Third Floor, 1 New Fetter Lane, London, EC4A 1AN, UK. All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](