Jan 10, 2022 09:24 AM IST
Hugely devalued Chinese stocks may seem like an alluring opportunity but there are serious risks involved in accumulating them.
- Dec 25, 2021 09:32 AM IST
There had been much uncertainty among investors and Chinese firms over how much tighter the new rules would be. "China is tightening the screws on offshore listings but not turning the valves off completely," Andrew Collier, managing director of Orient Capital Research, said of the plans.
- Dec 15, 2021 07:41 AM IST
Speaking at a virtual fireside chat with a UBS analyst, Chief Executive Dara Khosrowshahi said many of the companies in which Uber has a stake have recently gone public and are still subject to a lockup period.
- Dec 03, 2021 07:23 AM IST
"The company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures," it said in a statement.
- Nov 26, 2021 08:31 AM IST
China’s tech watchdog wants the management to take the company off New York Stock Exchange owing to concerns about leakage of sensitive data, the report said, said citing people familiar with the matter.
- Oct 21, 2021 06:15 PM IST
The Cyberspace Administration of China (CAC) broached the idea in recent conversations with executives from Didi, logistics platform Full Truck Alliance Co and online recruitment firm Kanzhun Ltd, according to the report.
- Sep 21, 2021 07:17 AM IST
Jean Liu, 43, has in recent weeks told some associates that she expected the government to eventually take control of Didi and appoint new management, said the two sources.
- Jul 08, 2021 05:55 PM IST
The stock plunge followed a series of actions taken by government agencies in Beijing, where top policymakers went after Chinese companies that, like Didi, list their shares on exchanges overseas
- Jul 08, 2021 11:52 AM IST
Shares of Didi lost one-fifth of their value Tuesday and fell 4.6% Wednesday. The company closed at $11.91 — 15% below its price when it debuted on the New York Stock Exchange a week ago.
- Jul 07, 2021 07:28 PM IST
The shorts, bets that shares will fall in the future, however, are now in profit overall for the year, suggesting there is now space for hedge funds and other speculators to bet on more losses after the clampdown launched last week.
- Jul 07, 2021 06:11 PM IST
China’s actions against Didi are a strong signal to discourage listings of Chinese tech companies in the United States
- Jul 06, 2021 02:14 PM IST
Didi said on Monday that the Cyberspace Administration of China's (CAC) ban on the app would have an adverse impact on its revenue in China. The removal of the app however does not affect existing users.
- Jul 06, 2021 10:27 AM IST
If we play our cards smartly, China’s loss could be India’s gain
- Jul 05, 2021 06:31 PM IST
Authorities told Didi to stop new registrations and ordered its app removed from China’s app stores pending a cybersecurity review. The government said it was acting to prevent security risks and protect the public interest.
- Jul 05, 2021 07:35 AM IST
Earlier on Sunday, China's cyberspace regulator ordered app stores to stop offering Didi's app after finding that the company had illegally collected users' personal data.
- Jul 02, 2021 08:38 PM IST
Chinese internet regulators have tightened rules for the country's tech giants in recent years, asking companies to collect, store and handle key data properly.
- Jun 30, 2021 05:22 PM IST
The Beijing-headquartered company operates in 16 countries but almost 90 percent of the 493 million customers who used the service at least once in the past year are in China.
- Jun 30, 2021 01:15 PM IST
This would give Didi a valuation of about $73 billion on a fully diluted basis. On a non-diluted basis, it will be worth $67.5 billion. The company is expected to debut on the New York Stock Exchange on June 30. The increase in deal size came after the Didi investor order book was oversubscribed multiple times, one of the sources said.
- Jun 16, 2021 11:04 AM IST
In April, the region's ride-hailing-to-delivery-to-payments group Grab unveiled plans to go public by combining with a special-purpose acquisition company.
- Dec 12, 2018 07:14 PM IST
While Uber’s valuation is primarily linked to how well it sold its vision and growth prospects to its investors so far, its gross billing which comes from the total number of rides it completes also matters.
- Aug 03, 2018 12:20 PM IST
A deal would mark the latest stage of consolidation in China's once-booming bike-sharing industry, where a series of startups have burned through hundreds of millions of dollars in the fight to dominate key cities, littering the streets with thousands of bikes in the process.
- Apr 28, 2017 12:55 PM IST
Didi Chuxing, China's top ride-hailing firm, is set to become the country's second-most valuable privately owned company, with a valuation of more than $50 billion, through a fund raising round of up to $6 billion, sources said on Thursday.
- Dec 16, 2016 03:00 PM IST
"The battle in China had become global. We had sovereign wealth of China being invested in our competition globally. We had American tech companies that were being compelled to invest in our competitor in China. And so China battle had become a global battle," Kalanick said at the TiE Global Summit here.
- Aug 17, 2016 02:58 PM IST
The development is expected to result in slashing at least 700 jobs, which includes employees in support services and business development, according to sources.
- Jun 17, 2016 11:00 AM IST
Uber has raised more than USD 13 billion in equity and debt financing since it started in 2009. Didi this week confirmed a USD 7.3 billion funding round, bringing total fundraising to more than USD 10 billion.