Didi Chuxing
Apple and the consequences of partnering with the Chinese regime
Images of people escaping from a factory facility in China at the end of October swept the world. Workers jumping over fences and fleeing cross-country or walking along roadsides to escape the harsh working conditions and quarantine measures put one of the most emblematic companies of these times, Apple, in ...
China’s ride-hailing giant Didi suffers US$4.7 billion loss in third quarter
Didi Chuxing made a huge net loss of 30 billion yuan (US$4.7 billion) in the third quarter of 2021, according to its financial report released on Dec. 29. Analysts said that China’s regulator banned new users from registering Didi, resulting in the company’s revenue decline. Didi's financial report shows that in the ...
Didi’s shares plummet after it bans employees from selling shares indefinitely
Didi Chuxing shares plunged early this week following a report that says the Chinese ride-hailing giant barred employees from selling the company’s stocks. Nikkei Asia stated that people familiar with the matter reported that Monday (Dec. 27) marked the end of the 180-day lock-up period in which Didi did not allow its ...
China asks Didi to delist from US, SoftBank Group stock drop more than 2%
Chinese online ride-sharing company Didi Chuxing announced on Weibo on December 3rd that it has begun withdrawing from the US stock market. A Didi investor at its headquarters in Beijing told the Financial Times that it is unlikely that any significant shareholder would oppose the delisting. Major shareholders such as SoftBank, ...
Didi Chuxing delisted on NYSE after CCP’s investigation
On December 3, Didi Chuxing Technology Co was delisted on the New York Stock Exchange. Didi is a ride-sharing platform that shares a similar business model to Uber of the U.S. Internal information from a state-owned securities company said that the Cyberspace Administration of China had not allowed Didi to list ...
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