Alibaba will apply for a primary listing in Hong Kong and keep its U.S. listing, the first big company to take advantage of a rule change allowing high-tech Chinese firms with dual class shares to seek dual primary listings in Hong Kong. The e-commerce giant’s move, announced on Tuesday, comes as both Washington and Beijing sharpen scrutiny over Chinese companies’ listings, and after a devastating regulatory crackdown in China left Alibaba with… Continue reading China’s Alibaba to apply for dual primary listing in Hong KongA new rule allows Chinese firms to seek dual primary listings in Hong Kong
Tag: Didi
Cleantechnica: Loneliness of the Long-Distance Tesla Uber Driver 002130
Lack of charging infrastructure can give a Tesla Uber driver the blues. By Adam Nelson, as told to David Waterworth For over 6 years, I have provided transportation services for Uber, Didi, Ola, and my own business, while accepting various other rideshare bookings. Last year, I purchased a Tesla Model 3 Standard Range. I have… Continue reading Cleantechnica: Loneliness of the Long-Distance Tesla Uber Driver 002130
China tightens data rules for online ride-hailing platforms
China‘s transport ministry on Friday tightened existing rules governing how online ride–hailing firms should handle and share their data with regulators, a day after Didi Global was fined $1.2 billion for illegally collecting and processing data. The new measures are an update of similar rules announced in 2018 and give the government more control over data collected by these private companies. Data generated by ride–hailing platforms cannot be used for commercial… Continue reading China tightens data rules for online ride-hailing platforms
China fines ride-hailing giant Didi Global $1.2b for violating data security lawsThis is one of the largest regulatory penalties imposed on a Chinese …
China has fined Didi Global 8.026 billion yuan (almost $1.2 billion), in one of the largest regulatory penalties imposed on a Chinese technology company, after a year-long probe into the ride-hailing giant. Didi severely violated China’s data collection laws by illegally collecting millions of pieces of user information over seven years starting June 2015. It… Continue reading China fines ride-hailing giant Didi Global $1.2b for violating data security lawsThis is one of the largest regulatory penalties imposed on a Chinese …
China fines ride-hailing giant Didi Global $1.2b for data security breach
China’s cybersecurity regulator said on Thursday it has fined Didi Global Inc 8.026 billion yuan ($1.19 billion), concluding a probe that forced the ride-hailing giant to delist from New York within a year and cast a gloom over the Chinese tech sector. The Cyberspace Administration of China (CAC) said its investigation found Didi had illegally… Continue reading China fines ride-hailing giant Didi Global $1.2b for data security breach
Didi may face over $1b fine as data security probe nears end
The hefty penalty accounts for nearly 4.7% of Didi’s total revenue in 2021, sources with knowledge of the matter told Reuters. Go to Source
China may fine ride-hailing firm Didi more than $1b for data breaches
Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing firm Didi Global, people familiar with the matter said on Tuesday, a move that could bring an end to a probe into the firm’s cybersecurity practices. The people said the fine would be more than 8 billion yuan ($1.28 billion), accounting for about 4.7% of Didi‘s $27.3 billion total revenue last year. They declined to be identified as the information… Continue reading China may fine ride-hailing firm Didi more than $1b for data breaches
BIS Research Study Projects the Mobility as a Service Market to Reach $379.66 Billion by 2031
FREMONT, Calif., July 15, 2022 /PRNewswire/ — The premium market intelligence study by BIS Research titled Mobility as a Service Market – A Global and Regional Analysis projects the market to reach $379.66 billion in terms of revenue by 2031, at a CAGR of 25.7%. With the changing landscape of passengers’ daily commutes, the demand for… Continue reading BIS Research Study Projects the Mobility as a Service Market to Reach $379.66 Billion by 2031
Chinese automaker Chijet to go public in US via $2.6b SPAC mergerChijet will use the proceeds to develop its EVs and expand in Southeast Asia
Chinese automaker Chijet Motor Co has agreed to go public in the United States through a merger with a blank-check vehicle Deep Medicine Acquisition Corp in a deal valued at $2.55 billion, the companies said on Wednesday. Chijet said it would use the proceeds of $127.8 million from the deal to increase production capacity, develop… Continue reading Chinese automaker Chijet to go public in US via $2.6b SPAC mergerChijet will use the proceeds to develop its EVs and expand in Southeast Asia
Patterson’s OC Auto Team Makes A Donation to Didi Hirsch Mental Health Services
LOS ANGELES, July 12, 2022 /PRNewswire/ — Patterson’s OC Auto Team, the leading car dealership in Orange County, will hold a special ceremony awarding Didi Hirsch Mental Health Services, home of the nation’s premier Suicide Prevention Center and a leading provider of whole-person mental health and crisis care, with a donation to support their impactful… Continue reading Patterson’s OC Auto Team Makes A Donation to Didi Hirsch Mental Health Services