Yahoo Finance Live anchors discuss China stocks as Didi proceeds to delist from the New York Stock Exchange. Video Transcript AKIKO FUJITA: Well, Chinese ride-hailing giant DiDi will officially delist from the New York Stock Exchange. Shareholders approved the decision at the extraordinary general meeting held in Beijing today. The company says it plans to… Continue reading Didi proceeds with NYSE delisting
Tag: Didi
Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Chinese ride-hailing giant Didi Global will delist from the New York Stock Exchange, after a majority of the company’s shareholders voted in favor of the plan, putting to rest a year-long clash with Beijing over its U.S. stock market listing. In an extraordinary general meeting (EGM) held on Monday, 96.26% of shareholders who were present… Continue reading Majority shareholders vote for delisting of Chinese ride-hailer Didi from NYSE
Didi’s delisting now done deal
Chinese ride-hailing giant Didi’s shareholders have voted to delist the company from the NYSE. The decision is a long-expected result of the company finding itself in hot water with the Chinese government after a rushed and later troubled public-market debut in the United States. Didi went public in the middle of 2021 in an offering… Continue reading Didi’s delisting now done deal
Didi said cybersecurity review completion a “prerequisite” for new listing
On Wednesday, China’s ride-hailing giant Didi urged US investors to vote yes on delisting its shares from New York. Didi said it can’t pursue a new listing as it faces a cybersecurity review launched last July by Chinese regulators, which still has no clear end in sight. Why it matters: The company said in a… Continue reading Didi said cybersecurity review completion a “prerequisite” for new listing
Didi faces probe in US over $4.4b IPO
Didi said it was cooperating with the investigation but it cannot predict its “timing, outcome, or consequences,” reported the South China Morning Post. Go to Source
Didi puts brakes on HK listing plans amid regulatory investigation
The ride-hailing titan delisted from NYSE last year amid scrutiny from China’s cyberspace administration. Go to Source
Didi cancels its trip in South Africa
Didi Chixung, the Chinese ride-hailing giant, has today shut down its operations in South Africa (SA), a year after it launched in the country, marking its entry into the continent. A Didi official in SA confirmed the closure to TechCrunch but did not divulge the reasons for pulling the plug. “We have made the difficult… Continue reading Didi cancels its trip in South Africa
Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market
Nickel prices climbed to an all-time high and could further increase the cost of electric vehicles (EV) and force automakers to cut earnings forecasts. Ride-hailing giant Didi became the latest Chinese tech company to enter consumer EV space; it plans to deliver an entry-level sedan next year. Shares of Nio closed flat in the company’s… Continue reading Drive I/O | Chinese EV makers face price hikes as nickel prices soar, Didi to enter EV market
Volkswagen in talks to buy Huawei’s autonomous driving unit: report
The autonomous driving space might be seeing the marriage of two titans. Volkswagen is in talks with Huawei to acquire the latter’s nascent autonomous driving unit for billions of euros, Germany’s Manager Magazin reported on Thursday. Huawei said it has no immediate comment when contacted by TechCrunch. VW China said it has no comment. The… Continue reading Volkswagen in talks to buy Huawei’s autonomous driving unit: report
Didi to lay off 20% of employees
The layoffs will be carried out across all departments, reported Pandaily, citing information from Chinese media outlet LatePost. Go to Source