China‘s Didi Global is considering going private to placate Chinese authorities and compensate investor losses since the ride-hailing firm listed in the United States, the Wall Street Journal reported on Thursday. The company has been mulling delisting plans as crackdown in China widens and it has received support from cybersecurity regulators, according to the report, which cited people familiar with the matter. The… Continue reading Ride-hailing firm Didi Global considers going private to calm China
Tag: Didi
Report: China mulls delisting, other penalties on Didi after IPO in the US
Punishments for Didi may be harsher than previous sanctions against Alibaba, which included a US$2.8 billion fine, Bloomberg reported. Go to Source
Didi suffers $14b blow after China’s app store ban
Shares of Didi dipped by 20% in the US stock market after Chinese authorities ordered app stores to remove its app. Go to Source
China tech crackdown wipes out billions from Didi, other US-listed cos
Didi Global Inc shares slumped as much as 25% in U.S. pre-market trade on Tuesday, ahead of its first session since Chinese regulators ordered the company’s app be taken down days after its $4.4 billion listing on the New York Stock Exchange. The ride-hailing giant’s app was ordered to be removed from mobile app stores in China on Sunday by… Continue reading China tech crackdown wipes out billions from Didi, other US-listed cos
Chinese ride-hailing company Didi became a retail favorite on its first day of trading
Reuters/Jason Lee Reuters/Jason Lee Didi has become a retail-investor favorite on its first day of trading, Fidelity data show. The stock topped retail buys in Exela Technologies and AMC Entertainment. Shares of the Chinese ride-hailing company surged as much as 28% during its IPO Wednesday. See more stories on Insider’s business page. Chinese ride-hailing company… Continue reading Chinese ride-hailing company Didi became a retail favorite on its first day of trading
Founders of Chinese ride-hailing firm Didi eye global growth after $4.4b IPO
From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc public in a $4.4-billion New York float. As Cheng rose to the upper echelons of Chinese technology entrepreneurs, he faced challenges including tough competition, intense criticism for Didi after rape and murder cases linked to its drivers… Continue reading Founders of Chinese ride-hailing firm Didi eye global growth after $4.4b IPO
Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
CEO of DiDi Cheng Wei at the D1 launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing is set to IPO in the US at a valuation of up to $70 billion, according to the Wall Street Journal. Didi controls much of the Chinese ride-hailing market, after a bruising… Continue reading Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
Didi Chuxing’s mega IPO to boost China listing frenzy in the US
Ride-hailing giant Didi Chuxing’s planned $4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half of the year, despite political sparring between the two countries. A total of 29 initial public offerings (IPOs) by Chinese companies in the United States in the first… Continue reading Didi Chuxing’s mega IPO to boost China listing frenzy in the US
Didi may face new antitrust probe ahead of US IPO: Reuters
China’s market regulator is investigating Didi on whether it violated antitrust rules, Reuters reported Wednesday night. Didi called the report “unsubstantiated speculation.” Why it matters: The probe report comes less than a week after the ride-hailing giant filed for a US IPO on Thursday. It remains to be seen whether the news will affect the… Continue reading Didi may face new antitrust probe ahead of US IPO: Reuters
Fisker Signs Binding Agreement With Magna
Reuters Exclusive – China’s IPO-bound Didi probed for antitrust violations – sources China’s market regulator has begun an antitrust probe into Didi Chuxing, three people with knowledge of the matter said, just as the ride-hailing giant is pushing ahead with what could be the largest initial public offering in the United States this year. The… Continue reading Fisker Signs Binding Agreement With Magna