Chinese regulators may also restore Didi’s mobile apps on local app stores, the Wall Street Journal reported. Go to Source
Tag: Didi
Chinese electric automakers see boost from post-COVID optimism, good metrics
Yahoo Finance Live anchors discuss what’s driving investor sentiment in Chinese electric automakers. Video Transcript BRIAN SOZZI: Chinese EV makers are seeing a charge this morning, charged up by strong sales numbers from Li Auto, as post-lockdown demand is set to keep things upbeat. Tax exemptions and subsidies from the Chinese government are also providing… Continue reading Chinese electric automakers see boost from post-COVID optimism, good metrics
Jiuzi Holdings, Inc. Expands “ToB” Business and Launches New Subsidiary, Jiuyao
HANGZHOU, China, May 31, 2022 /PRNewswire/ — Jiuzi Holdings, Inc. (NASDAQ: JZXN; the “Company”), a leading new energy vehicles (NEVs) franchisor and retailer under the brand name “Jiuzi” in China, today announced that its subsidiary, Hangzhou Jiuyao New Energy Automobile Technology Co. Ltd. (“Jiuyao”), an NEV procurement platform servicing business customers, has officially launched its… Continue reading Jiuzi Holdings, Inc. Expands “ToB” Business and Launches New Subsidiary, Jiuyao
Didi Global faces rocky path to growth after getting US delisting nod
Didi Global may have ensured its survival after winning shareholders’ nod for a U.S. stock delisting but a quick return to growth won’t be easy for the Chinese ride-hailer as it still faces regulatory scrutiny and as COVID-19 has hurt the business. Didi‘s U.S. withdrawal less than a year after its debut there is seen as an attempt to appease regulators angered by its move to push ahead with a $4.4… Continue reading Didi Global faces rocky path to growth after getting US delisting nod
What Didi’s ‘train wreck’ delisting means for US-listed Chinese companies
Just 11-months after making a splash in a $4.4 billion IPO, Didi shareholders made official Monday what has long been considered inevitable and approved a plan to delist its shares from the New York Stock Exchange. With formal paperwork now set to be filed with the Securities and Exchange Committee on June 2nd, Didi becomes… Continue reading What Didi’s ‘train wreck’ delisting means for US-listed Chinese companies
China’s Primavera targets $1.5b fund to back carbon neutral businesses
Chinese private equity (PE) firm Primavera Capital Group, an early investor in billionaire Jack Ma’s Ant Group, is targeting to raise about 10 billion yuan ($1.5 billion) for a carbon neutrality fund as the race for green investments hots up in the country. The fundraising plan, which was first reported by Chinese-language media outlet ChinaVenture,… Continue reading China’s Primavera targets $1.5b fund to back carbon neutral businesses
Happiness Development Entered into Agreement for Sales up to 2000 Electric Vehicles
NANPING, China, May 25, 2022 /PRNewswire/ — Happiness Development Group Limited (“HAPP” or the “Company”), (NASDAQ: HAPP) an emerging and diversified company engaging in the business of production and sale of nutraceutical and dietary supplements, providing e-commerce sales and marketing solutions, and the sales of automobile today announced that its automobile sales subsidiary ‘Taochejun” has entered into a… Continue reading Happiness Development Entered into Agreement for Sales up to 2000 Electric Vehicles
99 will have patrol vehicles for support during races
A new feature unique to patrol vehicles is protecting rides from the 99 mobility app. The service, called Patrol 99, sends out specialist teams who, on motorcycles or cars, provide face-to-face support to partner drivers and passengers in case of a safety emergency during platform travel. The functionality is already in operation in São Paulo… Continue reading 99 will have patrol vehicles for support during races
99 reduces 37.5% of incidents against platform drivers across the country
The 99 app ends 2021 with a 37.5% reduction, per million rides, in serious incidents against partner drivers across the country. The survey carried out by the company considers cases such as theft, kidnappings and assaults. The improvement in indices was also recorded in all safety incidents involving drivers and passengers on the platform, which… Continue reading 99 reduces 37.5% of incidents against platform drivers across the country
Didi shareholders vote to delist from NYSE
The ride-hailing firm said it was necessary to better cooperate with a cybersecurity review by Chinese regulatory authorities, TechNode reported. Go to Source