A sign of Chinese ride-hailing service Didi is seen on its headquarters in Beijing, China July 5, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Dec 29 (Reuters) – China’s ride-hailing firm Didi Global on Wednesday reported a 1.7% decline in third-quarter revenue, as its domestic business took a hit from… Continue reading Didi revenue falls as China’s regulatory crackdown hits business
Tag: Didi
China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
China’s ride-hailing giant Didi Global plans to use a mechanism that will allow it to list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York, two people with knowledge of the matter said. The plans come as Didi is moving towards withdrawing from the New York Stock Exchange under… Continue reading China’s Didi may enter Hong Kong bourse through ‘listing by introduction’
Indians hungry for tech, Tesla and meme stocks in US
GME and AMC were the top stocks on the Vested platform for almost four weeks. As the year progressed, the interest in these companies waned and investors sold their stocks. Both GME and AMC are now part of the top 10 most sold stocks on Vested for 2021. 2021 was quite the year for Wall… Continue reading Indians hungry for tech, Tesla and meme stocks in US
FOR-U Smart Freight Named on Global Unicorn Index 2021 by Hurun Research Institute
BEIJING, Dec. 27, 2021 /PRNewswire/ — On December 20, the Hurun Research Institute released its Global Unicorn Index 2021, a list of unlisted companies founded after 2000 that are now worth more than $1 billion. Ranked on the list was FOR-U Smart Freight, the only road freight platform from mainland China to make the list, the… Continue reading FOR-U Smart Freight Named on Global Unicorn Index 2021 by Hurun Research Institute
China proposes new approval framework for overseas IPOs
China‘s securities regulator on Friday proposed tightening rules governing Chinese companies listing abroad, which it said would improve oversight while allowing them to continue to do so. The China Securities Regulatory Commission (CSRC) said on its website that it had proposed establishing a new framework for the overseas listing of Chinese firms. The draft rules extend CSRC’s oversight on offshore listings of Chinese companies… Continue reading China proposes new approval framework for overseas IPOs
Vantrue X4S: 4K wifi dash cam launched
The X4S is similar to the X4 but with an optional special rear camera instead of the regular rear camera. The built-in DSP on both front and rear camera made X4S more accurate in 24-hour parking mode. With Wi-Fi function, you can check the driving status in real time and play back the video through… Continue reading Vantrue X4S: 4K wifi dash cam launched
Cango Wins “Best Investment Value for Listed Companies” Golden Bauhinia Award
SHANGHAI, Dec. 21, 2021 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, received a “Best Investment Value for Listed Companies” award at the 11th China Securities Golden Bauhinia Awards. This prestigious award recognizes Cango’s outstanding accomplishments, diverse business services and solid, comprehensive strength. The China Securities… Continue reading Cango Wins “Best Investment Value for Listed Companies” Golden Bauhinia Award
Stay, swap or shed: Investors brace for delisting of US-listed China stocks
As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world’s second-biggest economy. Fund managers are planning or accelerating a shift out of Chinese American Depository Receipts (ADRs) into their Hong Kong-listed counterparts, or buying more shares… Continue reading Stay, swap or shed: Investors brace for delisting of US-listed China stocks
China to amend laws to allow gig economy workers to form unions
China plans to amend laws to allow ride-hailing drivers and food delivery workers to form unions, state media reported on Friday. China will review the amendment on its trade union law starting December and plans to add rules to expand the type of organisations and work for which unions can be formed, the spokesperson for… Continue reading China to amend laws to allow gig economy workers to form unions
EXCLUSIVE Fretting about data security, China’s government expands its use of ‘golden shares’
Golden share has been taken in Full Truck Alliance -source Didi has been in talks about a golden share arrangement -source More golden shares likely to come to light -source Spotify-like Ximalaya in talks about a golden share -sources ByteDance unit’s golden share long predates disclosure -source BEIJING, Dec 16 (Reuters) – The Chinese government… Continue reading EXCLUSIVE Fretting about data security, China’s government expands its use of ‘golden shares’