Dida Inc, a Chinese online platform that offers carpooling and taxi-hailing services, has renewed its Hong Kong listing plan in yet another attempt to sell shares in the Asian financial hub despite regulatory challenges faced by the country’s rapid-evolving ride-sharing industry. Backed by China’s e-commerce giant JD.com, New York-listed Trip.com, and electric vehicle (EV) maker… Continue reading China’s Dida renews Hong Kong IPO plan despite regulatory challenges
Tag: Didi
China unveils offshore listing rules to revive foreign IPOs
China‘s securities regulator on Friday published long-awaited rules regulating offshore listings, reviving foreign initial public offerings (IPOs) by Chinese firms after a regulatory freeze since July 2021. The rules, published by the China Securities Regulatory Commission (CSRC) and effective from March 31, are designed to give clear guidance to companies wanting to list offshore and access liquid capital markets in places like the United States. Under… Continue reading China unveils offshore listing rules to revive foreign IPOs
Investment bank China Renaissance says chairman Bao Fan unreachable
China Renaissance Holdings Ltd saw its shares plummet by as much as 50% on Friday after the boutique investment bank said it is unable to contact Chairman and Chief Executive Bao Fan. Bao’s disappearance becomes the latest in a series of cases of high-profile Chinese executives going missing with little explanation — especially during a… Continue reading Investment bank China Renaissance says chairman Bao Fan unreachable
Amid merger and bankruptcy in the West, lidar maker Hesai nails $190M IPO
Last week, China’s lidar maker Hesai raised an upsized IPO in the U.S. at a time the industry is reeling from layoffs, bankruptcy, and consolidation. The Shanghai- and California- based company, which makes the sensing technology critical to autonomous driving and increasingly advanced driver assistant systems, raised $190 million from its public offering on Nasdaq.… Continue reading Amid merger and bankruptcy in the West, lidar maker Hesai nails $190M IPO
China eHailing Platforms Benchmark Report 2022
DUBLIN, Jan. 24, 2023 /PRNewswire/ — The “e Hailing Platforms in China, 2022: Frost Radar Report” report has been added to ResearchAndMarkets.com’s offering. The study features Didi Global Inc. (Didi), Shouqi Group (Shouqi Yueche), SAIC Mobility Technology and Service (Xiangdao Chuxing), T3 Mobile Travel Services (T3 Mobility), Zhejiang Geely Holding Group (Cao Cao Mobility), Hello… Continue reading China eHailing Platforms Benchmark Report 2022
E-Mobility Services Market Report 2022: Rising Awareness Regarding Carbon Neutrality Presents Opportunities
DUBLIN, Jan. 21, 2023 /PRNewswire/ — Research and Markets The “E-Mobility Services Market by Service Type, Vehicle Type, Commuting Pattern, and End Use – Global Opportunity Analysis and Industry Forecast 2022-2030” report has been added to ResearchAndMarkets.com’s offering. The E-Mobility Services Market size was valued at USD 3.30 billion in 2021, and is predicted to reach… Continue reading E-Mobility Services Market Report 2022: Rising Awareness Regarding Carbon Neutrality Presents Opportunities
China Autonomous Vehicles Market Report 2022: Sector to Reach $98.89 Billion by 2030 with Self-Driving Vehicles Gaining Traction
DUBLIN, Jan. 20, 2023 /PRNewswire/ — The “China Autonomous Vehicles Market, Size, Forecast 2022-2027, Industry Trends, Share, Growth, Outlooks, Impact of COVID-19, Company Analysis” report has been added to ResearchAndMarkets.com’s offering. The Chinese Autonomous Vehicles Market is projected to reach US$ 98.89 Billion by 2030. Self-driving cars could lead China’s automotive industry into the passing… Continue reading China Autonomous Vehicles Market Report 2022: Sector to Reach $98.89 Billion by 2030 with Self-Driving Vehicles Gaining Traction
Didi is allowed to compete again in China
After 18 months of investigation, Didi is back at the start in China. The ride hailing service didi was suspended in China for 18 months. The company has now regained its approval. [embedded content] Officially, the reason for the withdrawal of the license was the illegal collection of user data. In July 2021, Didi was… Continue reading Didi is allowed to compete again in China
Didi’s China ride-hailing app back on some app stores, article with image
BEIJING, Jan 17 (Reuters) – Didi Global’s Chinese ride-hailing app returned to some Android app stores on Tuesday, according to Reuters checks and a source with direct knowledge of the matter, signalling its emergence from around 1-1/2 years of regulatory troubles. Didi has been awaiting approval to resume new user registrations and downloads of its… Continue reading Didi’s China ride-hailing app back on some app stores, article with image
Didi gets China approval to relaunch after 18-month security probe
Eighteen months after its app was suspended in China, ride hailing giant Didi made a comeback on Monday. The move came as China showed signs of easing up its sweeping regulatory clampdown on the internet sector over the past three years. In July 2021, Chinese authorities ordered the country’s app stores to remove Didi, citing… Continue reading Didi gets China approval to relaunch after 18-month security probe