China has announced new rules on overseas IPOs, potentially sparking the resumption of Chinese companies listing in New York. Under the new rules, the China Securities Regulatory Commission (CSRC) wil...
Tag: Didi
Didi Gets Greenlight to Relaunch in China after 18-Month Suspension
Before the relaunch of user registration, existing users of the Didi app used it as long as they had it on their phones. After an 18-month suspension in China, Didi finally got approval to relaunch it...
Didi Taihuttu Is Moving All His BTC to Defi Platforms
Didi Taihuttu and his family – often dubbed the “bitcoin family” due to their devotion to the world’s number one digital currency – are still confident in bitcoin and aren’t letting last year’s price ...
Hong Kong Reopening Announced Along With Pro-Consumption Policies
China Last Night KraneShares Key News Asian equities had a positive day on light volumes led by growth stocks across the region. The Hong Kong government announced ending its hotel quarantine for fore...
Didi Taihuttu Is Trying to Cope with the Bitcoin Crash
Didi Taihuttu is a man that most crypto traders should likely be familiar with. As the patriarch of what’s been dubbed the “bitcoin family,” he and his kin have ultimately sold all their belongings an...
China’s Clean Energy Push Grows, Week In Review
China Last Night KraneShares Week in Review Asian equities started the week on a strong note except for Japan, which was off for Marine Day, a national holiday meant to give thanks for the ocean’s bou...
China Cybersecurity Regulator CAC Fines Didi $1.19B for Data Security Law Violations
Didi has responded to the fine penalty. The company said in an online statement that it accepts the regulator’s decision. The Cyberspace Administration of China (CAC) has fined Chinese transport compa...
NetEase Surges On Game Approval, Baidu Introduces Fully Autonomous SUV
China Last Night KraneShares Key News Asian equities were mixed overnight on light volumes as the summer lull is in full effect. Hong Kong was largely down, led by Tencent -1.36%, Meituan -2.21%, and ...
China Fines Ride-Hailing Giant Didi $1.2 Billion, Citing Cybersecurity Breaches
SINGAPORE—Chinese authorities fined ride-hailing company Didi Global the equivalent of about $1.2 billion, bringing an end to a yearlong investigation into the company’s cybersecurity practices. The f...
Chinese Ride-Sharing Giant Didi Global Fined More Than $1 Billion In Year-Long Cybersecurity Probe
Didi’s ride-sharing app. Costfoto/Future Publishing via Getty Images Chinese authorities have decided to impose an 8 billion yuan ($1.2 billion) fine on embattled ride-sharing giant Didi Global,...
Hong Kong Internet Stocks Rally On Didi Follow Through & HFCAA Window Potentially Not Shortening
China Last Night KraneShares Key News Asian equities had a strong performance overnight though we should curb our enthusiasm slightly as volumes were light. Hong Kong internet stocks had a strong nigh...
Didi To Resume Normal Operations, Hong Kong Volumes Plummet
China Last Night KraneShares Key News Asian equities posted mixed results on light volumes as summer doldrums kicked in. The WSJ reported that “according to people familiar with the issue,” Didi will ...
Tencent, Alibaba and Didi fined by China antitrust watchdog for unreported merger deals as early as 2011
China’s antitrust watchdog on Sunday announced it had punished Tencent Holdings, Alibaba Group Holding and Didi Global, among others, for failing to report past merger deals for anti-monopoly re...
Chinese ride-hailing giant Didi still awaits final ruling from Beijing, one year after it was put under cybersecurity review
Ride-hailing giant Didi Chuxing is still waiting for a final ruling from Chinese authorities, one year after Beijing shocked the market by initiating an unprecedented cybersecurity investigation into ...
China ride-hailing giant Didi to start trading on OTC market after NYSE delisting, ending an 11-month fiasco that angered Beijing
Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock...
Alibaba Bounces As China Outperforms On Muted Inflation, Week In Review
China Last Night KraneShares Week in Review On Monday, it was reported that the cybersecurity review of Didi had been completed. The review’s conclusion should allow Didi, along with Full Truck Allian...
Here is why DiDi jumped 50%
Chinese ride-sharing company DiDi Global Inc (NYSE: DIDI) jumped 50% following reports that Chinese regulators had ended investigations into the company. According to the Wall Street Journal, regulato...
DIDI Stock Up 49.73% as WSJ Reports Chinese Regulators Are Poised to End Probe
The crackdown on DIDI has been dual-faced with the company noting that the United States Securities and Exchange Commission (SEC) is also investigating it in relation to its IPO last year. Chinese rid...
Sunrun, Eli Lilly, DiDi Global, CrowdStrike and more
Tim McKibben, left, a senior installer for the solar company, Sunrun, and installer Aaron Newsom install solar panels on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Ima...
Meituan Motors, EVs Electrify, Didi To Relist In Hong Kong
China Last Night KraneShares Key News North Asian equity markets outperformed South Asia, led by China and Hong Kong while Malaysia and South Korea were closed. Today’s Wall Street Journal article on ...
Here’s Why DiDi, And These Two Chinese Stocks Are Trading Higher Today
Reuters Stocks gain on improved sentiment, crude at $120 Wall Street stocks rose on Monday, tracking gains in Asia and Europe on signs of an easing of restrictions by China, and as investors took expe...
Didi to resume app downloads and new user registrations as Beijing security probe nears completion: report
Chinese ride-hailing giant Didi Chuxing, whose New York listing under the name Didi Global triggered a cybersecurity investigation nearly a year ago, will soon be cleared by regulators to resume norma...
Spirit Airlines, Didi Global and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit jumped 6.1% in the premarket after JetBlue (JBLU) sweetened its bid for Spirit. JetBlue will increase its br...
DiDi shares surge over 50% premarket as China lifts foot of probe gas pedal
Reports of Beijing officials winding down their year-long probe into DiDi Global (NYSE: DIDI) are surfacing, having an effect across markets. Notably, the U.S. stock index futures rose in early tradi...
China to Wrap Probe Into Didi as Soon as This Week, WSJ Says
(Bloomberg) — Chinese regulators are preparing to wrap up their investigation into Didi Global Inc. and restore the ride-hailing giant’s main apps to mobile stores as soon as this week, the Wall...
The Biggest Companies Making The Least Money [Infographic]
Major companies with billions of dollars in revenue are moneymakers earning their investors and stakeholders fortunes. Unless—the opposite happens and they become money pits devouring unfathomable amo...
Mainland Markets Shrug Off Headlines
China Last Night KraneShares Key News Asian equities were mixed overnight as President Biden visited the region. On the positive side, US tariffs on Chinese consumer goods might be cut. Also, Australi...
Didi Investors to Vote on NY Delisting After Beijing Crackdown
(Bloomberg) — Didi Global Inc. is widely expected to secure a blessing from shareholders on Monday to delist in New York, capping an 11-month ordeal that wiped out around $60 billion of its mark...
Didi investors find themselves caught between a rock and a hard place ahead of vote to delist the firm from New York
Shareholders of ride-hailing giant Didi Global face long odds to avoid losses, according to analysts, given the choice of voting later this month to delist the company from the New York Stock Exchange...