Didi Global Inc., the Beijing-based ride-hailing company, is targeting a valuation of $62 billion to $67 billion in its IPO, according to its latest …
BUSINESS
Chinese ridesharing giant Didi aims for $60 billion valuation in IPO
Chinese ride-hailing giant Didi plans to list the equivalent of 72 million shares of Class A common stock on the New York Stock Exchange under ticker DIDI.
Didi Sets Valuation Target of $62 Billion to $67 Billion in IPO
The Chinese ride-hailing company looks to raise $3.9 billion at midpoint of its price range.
Why Luxury Brands Must Jump On China’s Cute “Meng” Trend
Translated as “cute” in Chinese, Meng (萌) is the adorable pop trend taking over young China. But can Western luxury brands capitalize on it?
Biden administration bars imports of solar panels linked to force labor in China’s Xinjiang region
The order will have widespread impact on the industry, dominated by Chinese polysilicon makers who source from Hoshine.
US blocks solar panel materials from China over labor abuses
Chinese-made materials used in solar panels will be barred from the U.S. market as part of a broader effort to halt commerce tied to China’s repressive campaign against Uyghurs and other minorities, …
Xinjiang firms blacklisted by US seen ‘shifting orders within China’ to minimise impact
Biden administration confirms ban on US imports of metallurgical-grade silicon products from one Xinjiang company, and adds additional companies in Xinjiang to Entity List.
Chinese Tesla rival Xpeng to raise up to $2bn via Hong Kong IPO
U.S.-listed Chinese electric vehicle maker Xpeng on Thursday opened a Hong Kong share sale for subscription with an aim to raise as much as $2 billion, reviving the so-called homecoming listings. The …
China is actually ‘all in’ on crypto — but only a brand it can control, Andreessen Horowitz partner says
“China is actually all in on crypto. Make no mistake about that,” Andreessen Horowitz crypto co-lead Katie Haun told CNBC on Thursday.
China actually ‘all in’ on crypto — but only its closed brand, Andreessen Horowitz partner says
“China is actually all in on crypto. Make no mistake about that,” Andreessen Horowitz crypto co-lead Katie Haun told CNBC on Thursday.
First reactions to Biden’s US ban on solar imports from China’s Xinjiang province
The Biden Administration’s decision to ban solar imports from four Xinjiang-based polysilicon manufacturers has already raised concerns. One analyst warns of a “significant negative impact” across the …
Biden administration targets four Chinese companies with import bans over forced labor allegations
The action follows growing pressure on the administration to act on allegations of forced labor in the solar supply chain. One analyst warns of a “significant negative impact” across the U.S. solar …
Word-of-mouth is most popular way to discover brands in China
Word-of-mouth recommendations are the most popular way to discover new brands and products in China, according to survey data from GWI analysed in WARC’s latest Spotlight China report on DTC …
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