Tag: Didi

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 proceeds with NYSE delisting

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

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