Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a… Continue reading Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Tag: Didi
Shared Mobility Market Size to Reach USD 145460 Million by 2027 at CAGR 6.5% – Valuates Reports
BANGALORE, India, Aug. 24, 2021 /PRNewswire/ — The Shared Mobility Market is Segmented by Type (Bikesharing, Carsharing, Ridesharing, Others), by Application (Cars, Two-Wheelers, Others). The report covers global opportunity analysis and industry forecasts from 2021 to 2027. It is published in Valuates Reports under Automotive Industry Category. The global Shared Mobility market size is projected to reach USD… Continue reading Shared Mobility Market Size to Reach USD 145460 Million by 2027 at CAGR 6.5% – Valuates Reports
SEC gives Chinese companies new requirements for US IPO disclosures
The U.S. Securities and Exchange Commission (SEC) has started to issue new disclosure requirements to Chinese companies seeking to list in New York as part of a push to boost investor awareness of the risks involved, according to a document reviewed by Reuters and people familiar with the matter. Some Chinese companies have now started to… Continue reading SEC gives Chinese companies new requirements for US IPO disclosures
Buffett-backed Chinese EV Maker BYD’s IPO Plans For Chip Unit Hampered By Regulatory Probe: Report
Chinese regulatory scrutiny has come to haunt companies across sectors and the latest to suffer from the increased oversight is Warren Buffett-backed EV manufacturer BYD Company Limited (OTC: BYDDF). What Happened: China’s BYD is forced to suspend the proposed listing of its chip making arm due to a regulatory probe into the law firm advising… Continue reading Buffett-backed Chinese EV Maker BYD’s IPO Plans For Chip Unit Hampered By Regulatory Probe: Report
BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
(Bloomberg) — The Shenzhen Stock Exchange said it’s suspended reviewing a share-sale application by BYD Co.’s chip unit following a regulatory probe of an adviser to the proposed initial public offering. Beijing-based Tian Yuan Law Firm is being investigated by China Securities Regulatory Commission, according to an update dated Aug. 18 on the bourse’s website.… Continue reading BYD Chip Unit IPO Stalled as China Regulator Probes Adviser
China said to be pushing US IPO-bound firms to hand over management of data
Chinese regulators are considering pressing data-rich companies to hand over management and supervision of their data to third-party firms if they want US stock listings, sources said, as part of Beijing’s unprecedented scrutiny on private sector firms. The regulators believe bringing in third-party information security firms, ideally state-backed, to manage and monitor IPO hopefuls’ data could effectively… Continue reading China said to be pushing US IPO-bound firms to hand over management of data
China mulls requiring US IPO hopefuls to hand over their data amid a crack down on overseas listings, report says
Great Hall of the People in Beijing, China. Du Yang/China News Service via Getty Images) Regulators in Beijing mull requiring companies looking to go public in the US to hand over their data, Reuters reported. The information will be monitored by third-party firms, preferably state-backed. Regulators believe this will limit the chances Chinese companies will… Continue reading China mulls requiring US IPO hopefuls to hand over their data amid a crack down on overseas listings, report says
AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
BEIJING — The vehicle has no steering wheel nor a gas or brake pedal, but the AI-loaded concept dubbed “robocar” unveiled Wednesday by Baidu, the Chinese company best known for its search engine, showcases its advances in an eight-year effort to develop autonomous-driving technology. The debut of the futuristic car coincides with Baidu’s renewed push to produce electric vehicles through… Continue reading AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm
We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) —… Continue reading Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm
TechnologyChina’s Didi improves pay transparency for drivers8:14 AM UTC
BEIJING, Aug 16 (Reuters) – China’s Didi Global Inc (DIDI.N) said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers unfairly. Didi said drivers in seven Chinese cities including… Continue reading TechnologyChina’s Didi improves pay transparency for drivers8:14 AM UTC