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
Tag: Didi
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
China’s Didi ropes in five more banks to work on mega US IPO …
China’s biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as book runners on its US initial public offering (IPO) worth up to $10 billion, sources with direct knowledge of the matter said. Didi, whose IPO could be the largest by a Chinese firm in the United States in seven years, has given… Continue reading China’s Didi ropes in five more banks to work on mega US IPO …
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi filed for an initial public offering on Thursday. The company plans to trade on either the New York Stock Exchange or Nasdaq. Why it matters: Valued at $62 billion, Didi is among the world’s five highest-valued unicorns. The company’s listing could be one of the biggest IPO this year. The Beijing-based… Continue reading Chinese ride-hailing giant Didi files for US IPO
TikTok Phenomenon Khaby Lame makes first campaign in Brazil with 99
Khaby Lame, the most practical influencer in the world and with more than 68 million followers on TikTok, is 99’s newest partner. To celebrate the launch of the brand’s profile on the social network, the technology company linked to urban mobility joined the content producer in Lame’s first partnership with a Brazilian brand. The invitation… Continue reading TikTok Phenomenon Khaby Lame makes first campaign in Brazil with 99
Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Recall that Didi has raised tens of billions worth of private capital from venture capitalists,… Continue reading Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns… Continue reading SoftBank, Uber, Tencent set to reap rewards from Didi IPO
Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO …
Hesai Technology, a Shanghai-based startup that develops lidar sensors for autonomous driving and other robotics applications, has raked in $300 million in a Series D round of financing jointly led by investors including Hillhouse Capital’s GL Ventures and smartphone maker Xiaomi Corp. Chinese food delivery giant Meituan and China’s CITIC Private Equity Funds Management (CPE)… Continue reading Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO …
China’s Oceanpine Capital closes RMB fund at $313m for deep tech bets …
Chinese investment firm Oceanpine Capital has closed a new RMB-denominated fund at 2 billion yuan ($313.4 million) as it seeks to up the ante on deep technology investments. The fund was closed within three months of its launch, Oceanpine said in a WeChat post on Wednesday. The new vehicle secured commitments from local government-guided funds,… Continue reading China’s Oceanpine Capital closes RMB fund at $313m for deep tech bets …