Hillhouse Capital's act of clearing positions in NIO understandable, says the EV maker

Hillhouse Capital, which was once the 3rd largest shareholder of NIO (NYSE: NIO), was no longer a shareholder to the Chinese EV maker anymore by the end of 2019, revealed a filing to the SEC.

A senior manager of NIO said the investor's act is understandable as business is business. (Economic View) 

Editor: Tan Yuhan