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
Tag: Didi
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’
XPeng president details electric vehicle innovation, autonomous driving, and the EV market in China
President and Vice Chairman of XPeng Motors Brian Gu joins Yahoo Finance Live to discuss the car manufacturer’s innovations in EV development and autonomous driving software in the Chinese market, managing sales prices, and its production outlook. Video Transcript [MUSIC PLAYING] BRIAN SOZZI: We’re watching shares of Chinese EV company, Xpeng, as it gears up… Continue reading XPeng president details electric vehicle innovation, autonomous driving, and the EV market in China
Uber plans to sell its stake in Didi
Uber CEO Dara Khosrowshahi also shared his sentiment on the Chinese market, saying that it has a “difficult environment with very little transparency.” Go to Source
Uber looking to sell Didi, other non-strategic stakes -CEO says
Dec 14 (Reuters) – The CEO of Uber Technologies Inc (UBER.N) on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Chinese ride hailing company Didi Global (DIDI.N). Speaking at a virtual fireside chat with a UBS analyst, Chief Executive Dara Khosrowshahi said… Continue reading Uber looking to sell Didi, other non-strategic stakes -CEO says
Chinese supermarket chain T11 bags $100m in Alibaba-led Series B round …
Beijing-based T11 Food Market, a retail supermarket brand with a focus on fresh food and groceries, has completed a Series B round raising $100 million. The e-commerce conglomerate Alibaba led the new round, which also saw participation from private equity fund Redview Capital and existing investor MSA Capital — a $1.7 billion fund that has… Continue reading Chinese supermarket chain T11 bags $100m in Alibaba-led Series B round …
The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Welp,… Continue reading The Station: Didi delists, a plea for the Chips Act and crypto for in-car purchases
China’s Biggest Carmaker Eyes $157 Million for Mobility Division
(Bloomberg) — SAIC Motor Corp. is planning a fresh round of fundraising for its mobility service platform Xiangdao Chuxing, according to people familiar with the matter, as it seeks to stay competitive amid shifts in the automotive industry. Most Read from Bloomberg China’s biggest carmaker, which counts Volkswagen AG and General Motors Co. as partners,… Continue reading China’s Biggest Carmaker Eyes $157 Million for Mobility Division
China tells Didi to craft US delisting plan: sources
This comes months after the ride-hailing firm raised US$4.4 billion in its New York Stock Exchange debut. Go to Source