Reported 1 day ago
Warren Buffett's Berkshire Hathaway has fully exited its investment in Chinese automaker BYD, marking the end of a 17-year partnership that saw its investment grow over 20 times in value. The exit, recorded as zero value in Berkshire's filing, follows a significant drop in BYD's quarterly profits and domestic sales amid market challenges. A BYD executive thanked Berkshire for its long-term support, calling the sale a normal market move.
Source: YAHOO