During the review of the Chinese ride-hailing business of Didi Global, which went public in the U.S. this week, no new user registration will be allowed.
Monthly Archives For July 2021
China opens an inquiry into Didi, two days after the ride-hailing app’s Wall Street debut.
The action, announced in a terse statement, comes amid a broader crackdown by Beijing against technology giants.
Didi shares fall after China announces cybersecurity review just days after IPO
Shares of Didi fell Friday after China announced a cybersecurity review of the ride hailing company. Didi is based in China, and held its IPO on the New York Stock Exchange on Wednesday.Didi shares …
H&M’s China sales hit as boycott bites
Fashion retailer H&M (HMb.ST) has taken a sales hit in China in recent months, its latest results showed, after consumers there called for boycotts of foreign apparel brands over past comments they …
China, India Move Tens of Thousands of Troops to the Border in Largest Buildup in Decades
China and India have deployed tens of thousands of troops, placed advanced military equipment and built new infrastructure at their disputed border in recent months, as the rivals escalate their …
Didi Slumps As China Launches Cybersecurity Probe Days After $8 Billion IPO
China’s Cyberspace Administration unveiled its probe Friday, just days after the ride-sharing group’s $8 billion debut on the Nasdaq.
China stocks fall most in 4 months amid growth concerns
China’s blue-chip index closed nearly 3% lower to mark its worst day in nearly four months, as investors dumped shares across the board on growth concerns, a day after China’s Communist Party …
Asian crypto space is reportedly upbeat despite China crackdown
Japan, Singapore, and many other countries are still trying to study and benefit from the budding digital currency market.
France probes fashion brands over China ‘crimes’
Sources say French prosecutors are investigating four fashion retailers suspected of concealing “crimes against humanity” in China’s Xinjiang region.The probe is linked to accusations against China …
Money-Losing Medical Services Startup LinkDoc Prices Its U.S. IPO
Beijing-based medical services provider LinkDoc Technology is planning to raise up to $210 million in its planned IPO on the Nasdaq, as the U.S. securities watchdog toughens auditing standards for U.S …
Chinese Dental Company Arrail Files for Hong Kong IPO
By Yongchang Chin Chinese dental services provider Arrail Group Ltd. is planning to list on the Hong Kong Exchange, the latest in a line of …
China rejects US criticism on human trafficking
China on Friday rejected U.S. accusations it is failing to stop human trafficking and said Washington has no right to criticize due to its history of racial discrimination. Beijing was among 17 …
China Bolsters Its Nuclear Options With New Missile Silos in a Desert
Satellite images of construction could fuel the debate over American nuclear modernization and the future of arms control negotiations.
