Shares of DiDi Global Inc. DIDI, +3.42% dropped 2.0% in premarket trading Thursday, putting them on track to open in record-low territory, after the China-based ride-hailing giant disclosed that it wo...
Tag: Didi
Chinese Ride-hailing Giant Didi Under Investigation by SEC for $4B US IPO
The SEC deciding to probe the Didi IPO is another regulatory problem for the company, added to cybersecurity investigations back in China. Didi (NYSE: DIDI) stated in its annual report that it is unde...
Jack Ma ‘Arrest’ and SEC’s DiDi Investigation Whack China Tech Stocks
Mainland traders will have a nasty shock on their hands when they return to their computer screens on Thursday after a long holiday. The Hong Kong market saw heavy selling here on Wednesday in Chinese...
DiDi Global Sinks on Delisting Plans and Revenue Drop
(Bloomberg) — DiDi Global Inc. tumbled Monday, after the Chinese ride-hailing giant said it’s planning to delist its U.S.-traded shares before it finds a new venue for the stock. Most Read from ...
What made Didi Global shares tank 20% on Monday?
The U.S listed shares of Didi Global Inc (NYSE: DIDI) are down 20% this morning on plans of U.S. delisting. The Chinese vehicle for hire company also reported a significant hit to its quarterly revenu...
PBOC Cuts RRR After Stronger Than Expected Economic Data Release
China Last Night KraneShares Key News Asian equity markets were largely lower led by Japan, India, Taiwan, and South Korea while Hong Kong and Australia remained on holiday. The PBOC cut the bank rese...
Didi Global tumbles 17% after earnings, plans for shareholder meeting to discuss U.S. de-listing
Shares of Didi Global DIDI, -3.15% dropped 17% in premarket trading on Monday, after the China ride-share group over the weekend announced a 12% drop in fourth-quarter revenue from a year earlier and ...
DiDi Plans Shareholder Meeting in May to Vote on U.S. Delisting
(Bloomberg) — DiDi Global Inc. will hold an extraordinary general meeting on May 23 to vote on delisting its shares from the New York Stock Exchange, a sign the ride-hailing giant is heeding Bei...
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
Alibaba Chairman Daniel Zhang Exits Second Board In Two Weeks
Alibaba Group Chairman Daniel Zhang. Photographer: Jason Alden/Bloomberg © 2020 Bloomberg Finance LP Less than two weeks after leaving the board of directors at troubled Beijing ride-sharing app Didi ...
These Popular Stocks Will Plunge In 2022 (Sell Now)
China national flag overlaid with Yuan renminbi banknotes. Chinese money and political situation. … [+] Concept of Chinese financial and business markets changes getty Chinese stocks have crater...